A minister in President Bola Ahmed Tinubu’s cabinet has waded into the fiery clash between FCT minister Nyesom Wike and a military officer in Abuja.
Filling stations across Nigeria have reduced their pump prices following a reduction in depot rates by the Dangote Refinery, but marketers say it may not last.
An expert has pointed out factors that would hinder the Dangote Refinery from selling petrol at a price lower than the current rate at NNPC retail outlets.
The Dangote Refinery will allowed by the Nigerian government to determine its prices, beginning in October when crude oil sales will commence in naira
The Nigerian National Petroleum Company Limited has provided an explanation for the current fuel pricing at filling stations ahead of the Dangote petrol rollout.
The CBN research department produced a macroeconomic analysis predicting a greater surplus of $6.96 billion for Nigeria's current account position this year.
CBN's 45% increase in fuel prices at the pump and the continued pressure on the naira crushed expectations that the bank would call for a halt to interest rate hikes
The Nigerian National Petroleum Company (NNPC) Limited has given approval for Waltersmith Refining and Petrochemical Company Limited to increase production capacity.
Adedapo Segun, Executive Vice President of the Nigerian National Petroleum Company, has defended the current petrol pricing while noting that it could be higher.
The Nigerian National Petroleum Company Limited has provided an explanation for the current petrol pump price and provided a timeline fuel scarcity will end.
NNPCL is eager to work with all stakeholders to find a solution to the fuel crisis, according to Executive Vice President Adedapo Segun of the downstream division.
Energy
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