President Bola Tinubu’s naira-for-crude initiative has shielded Nigeria from the severe fuel scarcity afflicting major economies worldwide amid the ongoing Iran-Israel-US conflict in the Middle East, the Presidency said Wednesday. According to the Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, the policy, approved in July 2024 and launched on October […]
Nigerians will begin to experience respite as petrol price is expected to drop across filling stations nationwide from Friday after Dangote Refinery’s gantry fuel reduction to N1,200 per liter. Yesterday, Dangote Refinery slashed its petrol price by N85, or 6.6 percent, to N1,200 per liter from N1,285 to edge out petroleum depot owners’ prices, which […]
There is pressure on the Federal Government to introduce economic relief measures as the escalating conflict between the United States and Iran drives up global crude oil prices and pushes petrol costs to record levels across Nigeria. Industry operators, economists, labour unions and private sector leaders have urged the government to deploy the expected windfall […]
The Infrastructure Concession Regulatory Commission has convened the inaugural meeting of the Presidential Project Development Committee for the Ikom Multipurpose Dam and Hydropower Project, marking the formal commencement of the project’s development under a Public-Private Partnership framework. The committee was constituted following resolutions reached at a high-level stakeholder meeting at the Aso Rock Presidential Villa, […]
Stakeholders, including energy experts, economists, and Nigerian workers, have raised alarm over the suspension of petrol imports by the Federal Government, urging urgent price regulation as Dangote Petroleum Refinery takes command of Nigeria’s N14.4tn petrol market, signaling a major shake-up in the nation’s energy sector. Yesterday, News men reported that the Nigerian Midstream and Downstream […]
Global crude oil prices surged above $100 per barrel as of Monday morning as Premium Motor Spirit, PMS, surpassed N1,000 per liter in Nigeria. Brent and West Texas Intermediate crude blends surged by 13 percent and 15 percent to $103.3 per barrel and $107.3 per barrel, respectively, according to oilprice.com. This latest crude price rally […]
Chinese state-run refiners are considering resuming crude imports from the United States after a nine-month suspension, driven by the ongoing supply crisis in the Middle East, S&P Global’s Platts reported on March 9. S&P Global reports that the additional 20% tariffs on US crude remain in place, but analysts and refinery sources indicate they may […]
The Federal Government, through the Nigerian National Petroleum Company Limited, has begun moves to secure crude oil supply for the Dangote Petroleum Refinery through third-party international traders, in a bid to sustain domestic refining operations. Officials, however, warned that the intervention may not immediately translate into lower petrol prices for consumers. Nigerians currently grapple with […]
The Federal Ministry of Humanitarian Affairs and Poverty Reduction yesterday commenced the distribution of food items and other relief materials to 42,000 vulnerable individuals across the 17 local government areas of Yobe State. The initiative forms part of the Presidential Emergency Food and Nutrition Intervention Programme, designed to address hunger, malnutrition and poverty while supporting […]
President Bola Tinubu has directed the Infrastructure Concession Regulatory Commission to guide the implementation of the Federal Government’s National Gas Infrastructure Command Centre strictly under a Public-Private Partnership framework, with zero public funding and no contingent liability to government. The Director-General of the Infrastructure Concession Regulatory Commission, Dr Jobson Ewalefoh, disclosed this at the inaugural […]
© 2025 Success 105.3 FM | All Rights Reserved