Defence Minister Bello Matawalle has opened up on the clash between Nyesom Wike and an officer, sharing how the FCT minister allegedly disobeyed the defence chief.
Former NALPGAM president Olatunbosun Oladapo predicted further cooking gas price reductions nationwide amid arrival of LPG vessels into Nigeria...
The Nigerian National Petroleum Company Limited (NNPC) has disclosed that it repaid part of the loan used to finance 20% stake in the Dangote Refinery.
The Nigerian National Petroleum Company Limited (NNPCL) has said the petrol landing cost is now at about N1,200 per litre, covered by the government and NNPC.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is very hopeful that Dangote and Port Harcourt refineries will still produce petrol in August.
The Nigerian National Petroleum Company (NNPC) Limited has begun supplying the Premium Motor Spirit (petrol) to the depots in Port Harcourt and Warri.
Umar Ajiya, the NNPC's chief financial officer, said the Nigerian government owes the oil firm about N7.8 trillion in subsidy payments in August alone.
The Nigerian National Petroleum Company stated that it has pledged to deliver 221,000bpd of crude oil in order to meet its $5.5 billion debt finance obligations.
In July 2024, consumers paid an average retail price of N1,379.48/liter for diesel, an increase of 73.63% in one year from the previous year July 2023.
Oil producers in Nigeria have rejected calls by the Nigerian government and industry regulators to sell crude oil to Dangote and other local refineries.
The Federal Government and Dangote Refinery have agreed to start petrol sales on October 1, with 650,000 barrels per day, after extensive discussions.
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