Monday, October 2, 2023
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Fuel Price Surge Causes Panic Buying In Lagos

CHEMICAL & PETRO-CHEMICAL
Automobile drivers in Lagos have resorted to frantic purchases of the product because of fear that gasoline prices may soon be revised upward. There...

Oil Marketers Kick Against FG Price Increase Disapproval

CHEMICAL & PETRO-CHEMICAL
Following importers' difficulty to obtain US dollars and the effects this was having on companies, oil marketers recommended President Bola Tinubu on Tuesday to...

Oil Marketers To Sell N720/litre After Fuel Import Halt

CHEMICAL & PETRO-CHEMICAL
On Sunday, oil marketers warned that if the dollar kept fluctuating between N910 and N950 on the black market, the price of Premium Motor...

Fuel Subsidy Removal, FX Reform Are Bringing Positive Results – Tinubu

BUSINESS & ECONOMY
President Bola Tinubu says the Federal Government is receiving support and plaudits from the international community for removing fuel subsidies and implementing foreign exchange...

Worldwide Petrol Price Increases By 20%

CHEMICAL & PETRO-CHEMICAL
Petrol prices may climb higher, as worldwide market figures show that the commodity has gained 20%. Brent crude was trading about $78 per barrel...

N1.3tn Subsidy Debt Won’t Affect Dividend Payment– NNPCL

CHEMICAL & PETRO-CHEMICAL
The Federal Government's outstanding N1.3tn debt to the Nigerian National Petroleum Company Limited has nothing to do with the payment of dividends to the...

Nigeria’s Situation – Petrol Or Deisel Generator

CHEMICAL & PETRO-CHEMICAL
In our country Nigeria where everything is increasingly reliant on electricity, backup power solutions have become essential. Among all the options we have, two...

House Of Reps Set To Investigate Petrol Pump Price Increase

CHEMICAL & PETRO-CHEMICAL
The House of Representatives has decided to form an ad hoc committee to study the reasons that led to the increase in Premium Motor...

Subsidy Removal: NLC Blasts FG’s Move Use ₦‎500bn As Palliatives

CHEMICAL & PETRO-CHEMICAL
The Nigeria Labour Congress (NLC) lambasted the Federal Government's (FG) intention to distribute ₦‎500 billion as palliatives to Nigerians and government personnel to mitigate...

Breaking News: Kyari Blames Market Factors For Petrol Price Hike

[ MAIN ]
Mele Kyari, Group Chief Executive Officer of Nigerian National Petroleum Company Limited, has blamed the hike in petrol pump prices in Nigeria on market...

Nigeria’s Daily Petrol Consumption Drops By 35%

CHEMICAL & PETRO-CHEMICAL
Nigerians consume 46.38 million litres now on a daily basis, representing a 28 per cent drop from the 65 million litres daily consumption recorded...

NNPCL Starts $8bn International Gas Pipeline

CHEMICAL & PETRO-CHEMICAL
Mele Kyari, chief executive of the Nigerian National Oil Company Group, announced on Thursday that NNPCL will build a new international gas pipeline worth...
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