Oil & Gas
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Fuel smuggling persists in borders despite subsidy removal – Customs Boss
The Acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Monday, vowed a heavy clampdown on oil thieves, insisting…
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Nigeria’s fuel consumption drops by 28% after subsidy removal – Agency
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has disclosed that the average daily consumption of fuel in Nigeria…
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Petrol pump price to hit N700 per litre in July – Marketers
Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting…
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Subsidy payments gulped N1.82trn in five months, arrears hit N3.73trn
The Nigerian National Petroleum Company (NNPC) Limited says it paid N307.408 billion as petrol subsidy payment in May 2023. …
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Nigeria accumulates $3bn debt to traders for oil swaps
Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as…
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Anxiety as ex-depot petrol price rises to N490 per litre
There was palpable anxiety among members of the public Tuesday, following a rise in the ex-depot price of petrol by…
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Fuel Subsidy: FG to seek World Bank intervention funds
Following the removal of fuel subsidy, the National Economic Council (NEC) has made moves to provide palliatives for workers and…
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Oil revenue crash pushes FG’s deficit by 22.8% to N513bn in February
The Federal Government’s fiscal operations in the early part of this year have resulted into a 22.8 per cent rise…
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Buhari spent more than $19bn used for Dangote Refinery on Nigeria’s refineries, yet they have not been maintained — Gov Sule
Governor Abdullahi Sule of Nassarawa State says the government of ex-President Muhammadu Buhari spent more than the $19 billion used…
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Fuel Subsidy Removal: Filling stations record low sales as governors back Tinubu
The rise in the price of petrol has reduced the level of patronage at filling stations as Nigerians grapple with…
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