Ex-Nigerian President Shehu Shagari's wife, Hajiya Sutura, has reportedly died. Families discloses the cause of her death and other details on Monday, November 10.
Dangote Refinery has reduced the petrol price by N49, triggering fresh price reductions at filling stations as competition intensifies in the downstream sector.
A new report has predicted that Nigeria and Angola will lead the surge in crude oil production to seven million barrels per day in Africa in 2025.
Filling stations are expected to adjust their pump prices as the cost of petroleum products increases, following depots' increasing crude oil prices.
Brent, the global standard for crude oil, touched $79.76 a barrel on Monday, raising the price of loading refined petroleum products, such as Premium Motor Spirit.
Filling station owners have expressed interest to begin the sale of Compressed Natural Gas (CNG) which is priced at N200 but needs government support.
The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has explained that poor construction work on the Est West Road hinders petrol distribution.
Former Minister of Power, Prof Barth Nnaji gives FG a breakdown of steps to end national grid collapse. Nnaji suggests first reducing pressure on national grid
According to a recent National Bureau of Statistics survey, the average retail price that consumers paid for Premium Motor Spirit (Petrol) in October 2024 was N1184.
Over 250 firms and academic institutions led by the Dangote Group generate a cumulative 6,500MW of electricity, more than Nigeria's 4,500 megawatts.
Retail outlets owners may be forced to lay off staff, due to low sales. PETROAN says the high price of petrol has reduced sales, thus affecting their businesses.
Energy
Load more