Energy

Nigeria now world’s largest importer of petrol- Baru

Ihesiulo Grace 2 March 2018 0

Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), says Nigeria is the only member country in the Organisation of Petroleum Exporting Countries (OPEC) that imports petrol and is currently the largest importer of Premium Motor Spirit (PMS) in the world.

News Nigeria

Custom intercepts 2,200 jerry cans of smuggled petrol

Ihesiulo Grace 22 January 2018 0

The Nigeria Customs Service (NCS), Seme Border Command, intercepted 2,200 jerry cans of smuggled of petrol with a Duty Paid Value (DPV) worth over N10 million between Dec. 1, 2017 and date. The Area Controller, Comptroller Mohammed Aliyu, disclosed this on Monday through the command’s Chief Public Relations Officer (PRO), Mr Taupyen Selchang. The controller […]

Business

Petrol: DPR seals 80 filling stations in Delta

Ihesiulo Grace 4 January 2018 0

More than 80 petrol filling stations have been shut in Delta state for selling above official price and hoarding. The stations were sealed by Department of Petroleum Resources (DPR), Warri Zonal Office, since fuel scarcity begun in December, 2017. According to the News Agency of Nigeria(NAN), Mr. Antai Asuquo, the Warri Zonal Operations Controller, said […]

Headlines News

Fuel Scarcity: NNPC to flood market with petroleum products

Ihesiulo Grace 23 December 2017 0

The Nigerian National Petroleum Corporation (NNPC) says it is intensifying efforts to flood the market with petrol and other products to ease scarcity pervading the country. Many motorists and travellers had been groaning in pains in the last few days over the persistent fuel scarcity across the country. The NNPC spokesman, Mr Ndu Ughamadu, said […]

Business Economy News

Average price for petrol drops, kerosene increases – NBS

Ihesiulo Grace 20 October 2017 0

The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics (NBS), has said According to a report on the NBS website, the Bureau also listed states with the highest and lowest average price of petrol in comparison with the approved government price of […]

News

Petrol scarcity: Sokoto sells direct to motorists

Ihesiulo Grace 28 January 2017 0

Sokoto State Government says it plans to commence the sale of one million litres of petrol to motorists weekly to stabilise the fuel supply situation in the state. The Chairman of the State’s Task Force on the supply of petroleum products, Alhaji Ibrahim Magaji, disclosed this to the News Agency of Nigeria (NAN) in Sokoto […]

Analysis

How long will this hemorrhage continue?

Ihesiulo Grace 7 May 2015 0

Regrettable as the pains suffered by Nigerians more than one week now due to the scarcity of Premium Motor Spirit (PMS) otherwise called petrol, one clear fact that has emerged is that until the massive importation of the product is eliminated and the nation’s refining capacity enhanced through revamping existing refineries and building of new […]

Headlines News Oil & Gas

Petrol Sector Stinks – Emir Lamido

Ihesiulo Grace 19 March 2015 0

The Nigerian crude oil industry is not only oily but also crude. That was the damning verdict of the Emir of Kano, HRM Muhammadu Sanusi 11, while speaking on the Cable News Network (CNN) on Wednesday. The emir, the immediate past Governor of the Central Bank of Nigeria (CBN), identified the un­resolved controversy over kero­sene […]