The Islamic State West Africa Province (ISWAP) has narrated how its men captured and killed Brigade Commander, M Uba, after ambushing a military force in Borno
NNPC has lowered petrol prices nationwide, with Dangote Refinery claiming that the reductions is a result from its own gantry adjustments not tariff suspension.
Two groups have reacted to the controversy that has trailed the NNPC Limited and its Group Chief Executive Officer, Mallam Mele Kyari in the past week.
Legal luminary, Olisa Agbakoba breaks down the process by which Federal Government can achieve a reduced cost of petrol which will amount to N300 per litre.
The NNPC Limited has stopped using crude oil swaps to buy petrol for the first time in almost ten years and has started using cash tenders instead.
The FG is weighing the option of returning full subsidy to the power sector in order to cover the rising tariff and improve the power supply in the country.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that the reason for slight price adjustments is due to product unavailability.
The administration of Tinubu has reason to cheer as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) reports highest production in 20 months.
In the absence of subsidy, Oil marketers have stated that the present pump price of Premium Motor Spirit (petrol), should not be less than N800/litre.
Petrol stations across Nigeria have begun adjusting their pumps, with some selling the product for as high as N650 and N700 per litre in some parts of Nigeria.
The NMDPRA is currently engaging with the Central Bank of Nigeria (CBN) to facilitate smoother access to foreign exchange for oil marketers in Nigeria.
Energy
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