We no longer fix price of petroleum products, we only monitor prices– PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it no longer fixes the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers, but rather provide a…
Nigerian National Petroleum Corporation allays fear over fuel scarcity
The Nigerian National Petroleum Corporation (NNPC) has assured that there is enough fuel in the country and that there is no need for panic buying of petroleum products by motorists…
Experts urge FG to revive refineries to reduce fuel import
Experts on Wednesday called on the Federal Government to urgently revamp the nation’s refineries and create an enabling environment for private investment in refineries to curb the rising importation of…
Forte Oil reports N61.8 billion revenue in first half 2018
Forte Oil has announced a revenue of N61.8 billion for the half year ended June 30, 2018. Mr Akin Akinfemiwa, the company’s Chief Executive, said the revenue represented a growth…
Depot fire will not affect petroluem supply – NNPC
July 9, 2018 The NNPC on Monday assured residents in Niger State and environs that the fire incident at its depot at Pogo Village in Paikoro Local Government area will…
Army arrests 40 suspects, recovers 400 jerry cans of petrol from vandals
May 17, 2018 The Nigerian Army said on Thursday that it arrested 40 suspected vandals, cultists and impersonators and recovered over 400 jerry cans filled with petroleum products. The General…
Ibe Kachikwu denies interest in Oil Mining Lease 11
April 27, 2018 The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Friday said he had no special interest in Oil Mining Lease (OML) 11 being operated by…
37 ships laden with petroleum products, food items to arrive Lagos ports
January 19, 2018 Thirty seven ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from Jan. 19…