Olayiwola Oshunrinade The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement. IPMAN said the new price was necessitated by the reduction in Dangote Refinery’s fuel ex-depot price and uniform arrangement, which would enable marketers to […]
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Olayiwola Oshunrinade The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said that contrary to reports in a section of the media alleging that the Old Port Harcourt Refinery, which was re-streamed two months ago has been shut down, the refinery is still operating. The company stated that such reports are totally false as the […]
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Olayiwola Oshunrinade The management of the newly reactivated Port Harcourt Refinery on Sunday night said the refinery has resumed full operation after some delays it experienced last week due to system upgrade. Ibrahim Onoja, revealed this after taking journalists on tour of the refinery, and added that the plant has undergone extensive upgrades to enhance […]
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Olayiwola Oshunrinade The hope of Nigerians getting premium motor spirit (PMS), commonly known as petrol, below N800 per litre, at least for now when the price of crude oil is less than $80 per barrel and the official exchange rate of the Naira to the Dollar is above N1,600/$1 at the currency market, may have […]
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Olayiwola Oshunrinade After five years of inactivity, the Nigerian National Petroleum Company Limited (NNPCL) has announced the resumption of operations at the Port Harcourt Refinery. This achievement, according to NNPC, aligns with Nigeria’s broader efforts to reform its energy sector by addressing long-standing inefficiencies and reducing dependence on imported refined petroleum products. The NNPCL Chief […]
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A former presidential aspirant under the ruling All Progressives Congress (APC), Mr. Stanley Osifo, has expressed his views on various national issues, including local government autonomy. According to Osifo, local government autonomy entails several key elements critical to governance and grassroots development. In this interview with OLAYIWOLA OSHUNRINADE, Osifo stated that President Bola Tinubu’s administration […]
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Olayiwola Oshunrinade The Independent Petroleum Marketers Association of Nigeria says over 30,000 of its members are set to buy Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery in bulk. IPMAN also revealed that the price of petrol from the $20 billion Lekki-based plant was N940/litre and N990/litre when purchased using ships and […]
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by Olayiwola Oshunrinade The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit, otherwise known as petrol, from N855 per litre to N998 per litre. The increase in the price of petrol, which came on Wednesday, was noticed at the pumps at all NNPCL depots in Lagos State. The new […]
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by Olayiwola Oshunrinade The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery, it has been revealed. This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with […]
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by Olayiwola Oshunrinade Prior to this period, the Nigerian National Petroleum Company Limited (NNPCL), which used to be known as the Nigerian National Petroleum Corporation (NNPC), was the main source of revenue of the Nigerian government. Then, the money from oil, after the oil windfall of the 1970s, was being spent to develop the nation […]
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