The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to […]
Major oil marketers are to begin the direct purchase of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery between Thursday and next week as the Nigerian National Petroleum Company Limited pulls out as sole off-taker of the product from the $20bn plant. Multiple sources from NNPC and the Major Energies Marketers Association […]
The Nigerian Communications Commission, NCC, has said that Starlink’s recent upward review of its subscription packages was implemented without prior approval from the Commission. The Director, Public Affairs of NCC, Reuben Muoka, said this in a brief statement on Tuesday. He said the decision by Starlink to unilaterally review their subscription packages upwards did not […]
The Federal Government may spend about N236 billion monthly to subsidise the Premium Motor Spirit, popularly called petrol, that is imported through the Nigerian National Petroleum Company and the one that is solely off-taken by NNPC from the Dangote Petroleum Refinery. On Monday, the President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, called […]
Some automobile experts have said that cars using Compressed Natural Gas save 70 per cent in maintenance and running expenses compared to those running on Premium Motor Spirit. They made the assertion during separate interviews with the News Agency of Nigeria in Abuja. Speaking on the benefits of converting cars from using petrol to CNG, […]
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated. According to the FG, the new minimum wage is necessary to address the current economic reality, emphasising that no Nigerian worker, whether in government or private employment, should […]
Petroleum marketers in Nigeria say they are standing in limbo over the controversy surrounding Dangote Refinery Premium Motor Spirit (petrol) pricing as released by the Nigerian National Petroleum Company Limited on Monday. This comes as the petroleum marketers demanded that Dangote Refinery should disclose the price it sold petrol to NNPCL for transparency. Marketers further […]
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based […]
The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has insisted that the refinery can survive without local patronage and would export most of its products if boycott from local oil traders continue. Edwin, who spoke during a Brekete Family live show, said like the refinery is currently exporting diesel and […]
Nigeria’s downstream petroleum industry may have gone into a frenzy, following clear indications that the Federal Government may no longer sustain the cost of under-recovery, otherwise known as subsidy, due to a the steady rise in petrol import bills. Industry operators told Vanguard yesterday that it is now clear that pump price may be officially […]
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