By Our Correspondent The Nigerian Labour Congress (NLC) has berated the Federal Government over the astronomic hike in the pump price of petrol and the “unrealistic palliative” it earlier announced. Reacting to Tuesday’s price hike, President of the Nigeria Labour Congress (NLC), Joe Ajaero rejected and described it as “anti-people”. Speaking on Channels Television Politics […]
By Abdulfatah Babatunde Nigerian motorists woke, on Tuesday, into the agony of another hike in the pump price of petrol from N488 to N617 per litre. TheNewsZenith reports that many fuel stations in Lagos now sell at between N598 and N614 per litre against the old price template of N488 per litre. At Mobil, Oando […]
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]
NNPC Limited has announced an adjustment to pump prices of petrol (PMS) across its retail outlets, in line with current market realities. Garba Deen Muhammad, Chief Corporate Communications Officer of the NNPCL issued the announcement in a statement on Wednesday in Abuja. According to the statement, pump prices at NNPC’s retail outlets will now begin to […]
Fuel queues returned to Nigerian cities on Monday as many motorists scrambled to get petroleum products, hours after President Bola Ahmed Tinubu announced his government would stop fuel subsidy regime. During his inauguration, Tinubu declared that there would no longer be a petroleum subsidy regime as it was not sustainable. The President said the current […]
The Nigerian National Petroleum Company Limited says it has about 2.1 billion litres of petrol in stock. It, therefore, advised Nigerians against panic buying as it has an adequate supply for now. The company gave the assurance in a statement by its Chief Corporate Communications Officer, Garba-Deen Muhammad. It stated that the 2.1 billion litres […]
The Nigeria LNG (NLNG) has signed a Memoranda of Understanding (MOU) with three Nigerian teaching hospitals to flag off the second phase of its multi-billion-naira hospital support programme (NLNG-HSP). The NLNG-HSP is NLNG’s national Corporate Social Responsibility initiative, according to Andy Odeh, General Manager, External Relations and Sustainable Development. CSR initiative, Odeh said in a […]
The Independent Marketers Association of Nigeria (IPMAN) says petrol will be available and affordable in the next two weeks. IPMAN National Operations Controller, Mike Osatuyi, gave the assurance when he was featured on Arise TV’s Morning Show in Lagos on Wednesday. Osatuyi said that marketers were putting in place measures to end fuel scarcity across […]
Oil extended gains, on Tuesday, on supply disruptions and as COVID restrictions eased in China, the world’s largest crude importer. Brent crude futures were up 90 cents, or 1.15 per cent, to $78.89 per barrel by 1020 GMT. on the other hand, the U.S. West Texas Intermediate (WTI) crude futures gained 67 cents or 0.92 […]
By Our Correspondent The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed import bottlenecks and showering foreign exchange challenges to the current scarcity of petrol. Mr Mike Osatuyi, the Operations Controller of lPMAN, announced this to newsmen in Lagos on Sunday. Osatuyi said this became necessary to inform the general public against the backdrop […]