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Tuesday, June 28, 2022

Kerosene And Gas Prices Increases By Over 80% In One Year – NBS

Within a year, the price of Liquefied Petroleum Gas, or cooking gas, increased by 88 percent while the price of kerosene increased by 86.94...

How NNPC Is Enabling Fuel Scarcity -Source

The Nigerian National Petroleum Company Limited (NNPC), has been accused of enabling the ongoing fuel scarcity in the country. BizWatch Nigeria understands that on Monday,...

TotalEnergies Shareholders Give Go Ahead To N6.18bn Final Dividend

Total Energies Marketing Nigeria Plc shareholders have authorized a final dividend of N6.18 billion for the fiscal year ending December 31, 2021. The dividend is...

Buhari Increases Freight Rate To Address Abuja Fuel Scarcity

President Muhammadu Buhari has approved an increment in the freight rate being paid to petrol transporters across the country. This move is believed to...

Marketers Blame Abuja Fuel Scarcity On Alarming Diesel Costs

Tunji Oyebanji, the former chairman of the Major Oil Marketers Association of Nigeria (MOMAN), has blamed the lingering Abuja fuel scarcity on the alarming...

Diesel price May Hit N1,500/Litre As 75% Of Filling Stations Close

About 75 per cent of filling stations across the country are currently out of business due to their inability to purchase diesel required to...

NNPC supplies 1.523bn Litres Of Fuel As Abuja Queues Continues

The evacuation of Premium Motor Spirit (PMS), popularly called petrol, by the Nigerian National Petroleum Company Limited (NNPC), show that the oil firm evacuated...

Brains and Hammer Establishes Beach Resort For Oil Companies

Brains and Hammers, a real estate development firm, has opened the 'Coopeast Beach Resort,' a 101-unit mixed-use complex. According to a release, the project began...

NNPC Earns N1.7tn From Crude Oil Sales In 12 months

The Total revenue made by the Nigerian National Petroleum Corporation (NNPC) from crude oil sales in one year has been put at N1.7trn. The corporation’s...

Shell Ready For Proposed Sale of Nigeria Oilfields This Week

Shell Plc will receive two final offers this week for its onshore oil and gas fields in Nigeria. Nigerian companies Heirs Oil and Gas...

NNPC To Disburse N874bn This June As Subsidy Crashes At N1.82tn

Operators in the oil and gas sector and stakeholders are uncomfortable with the continued rise in the amount spent on subsidising Premium Motor Spirit,...

Federal Government to Sanction Oil Companies Over Law Violation

The Federal Government has said it will sanction oil and gas companies that fail to comply with the Human Capacity Development provisions contained in...

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