The price of Premium Motor Spirit (PMS), commonly known as petrol, has surged to between N930 and N970 per litre in Nigeria. This increase is attributed to ongoing industry disputes …
Business and EconomyEnergyTransportation & Logisitics
Tag:
NNPC
- EconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
NNPC Limited to Sell Shares in Landmark Move Towards Privatization
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to sell shares to the public as part of its transition into a fully commercial entity. This move is …
- DevelopmentEconomyEnergyPoliciesSecurity
CEDES Criticizes NNPCL’s Dollars-for-Crude Policy, Warns of Increased Fuel Import Dependency
The Centre for Energy Development and Economic Sustainability (CEDES) has expressed concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) recent shift to a Dollars-for-Crude policy, describing it as a …
Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …
- AfricaAFRICA NEWSNigeriaOil & Gas
Soaring cooking gas prices may cost N18,000 by December
by Editorby EditorGas retailers are sounding the alarm, warning that the price of a 12.5kg cooking gas cylinder could surge to N18,000 by December if the Federal Government does not intervene to …
- BusinessEconomyNigeriaOil & Gas
State Security Service gives NNPC and marketers 48 hours to resolve the ongoing fuel scarcity
The State Security Service has issued a 48-hour ultimatum to the Nigerian National Petroleum Company Limited and fuel marketers to resolve the ongoing petroleum scarcity in the country. The secret police, …
- BusinessEconomyMoroccoNigeriaOil & Gas
ONHYM Signs 5 New Deals to Boost Nigeria and Morocco Pipeline Implementation
Morocco’s National Office of Hydrocarbons and Mines (ONHYM) has signed five new Memorandums of Understanding (MoU) with several countries, which emphasized their unwavering support for the implementation of the Nigeria-Morocco …
- BusinessEconomyMoroccoNigeriaOil & Gas
NNPCL signs five memoranda of understanding with the national oil companies
The Nigerian National Petroleum Company Limited (NNPCL) has signed five memoranda of understanding with the national oil companies and relevant entities of five African countries on the Nigeria-Morocco Gas Pipeline …
- BusinessEconomyMarketsNigeriaOil & Gas
Nigerian government and fuel marketers offer different reasons for the ongoing fuel scarcity
The Nigerian government and fuel marketers have offered varying explanations for the ongoing fuel scarcity that has affected states across the country for weeks without reprieve. While the NNPC said …
- BusinessEconomyMarketsNigeriaOil & Gas
Petrol scarcity bites harder in Nigeria as marketers push for fuel price increment
The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja on Wednesday after disappearing briefly. It grew worse in Lagos, …