Local News
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373PMS: Reps Probe NMDPRA’s Handling of 5% Fuel User Charge
The House of Representatives has initiated a probe into the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the implementation and...
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454FG Inaugurates $60m LPG Extraction Gas, 20mw Gas to Power Plants in Rivers
The federal government has inaugurated a 12million cubic feet gas extraction plant and 20 megawatts gas power plant in Otakikpo, Ikuru, in...
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1.1KImported Petrol Landing Cost Drops to ₦797.66/Litre
The landing cost of imported Premium Motor Spirit (petrol) dropped to N797 per litre on Monday, amid plans by oil marketers to...
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697
House Committee Recovers ₦28.7b from Two Oil Companies
The Public Accounts Committee of the House of Representatives has announced that two oil companies owing the Federation Account have collectively refunded...
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680Petroleum Industry Act: ₦300b Paid to Host Communities –FG
The federal government has urged the host communities to leverage on 3% Host Communities Development Trusts (HCDTs) to boost oil and gas...
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405States Plan ₦28.8tr Spending on Infrastructure
State governors have outlined ambitious plans to boost capital expenditure in states to address the infrastructure deficit in their various domains. The...
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384Again, Dangote Lowers Petrol Loading Cost to ₦815/Litre
The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at...
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423Petrol: Marketers Struggle with Low Margins Amid Price Fragmentation
Petroleum marketers and importers in Nigeria’s downstream sector are grappling with shrinking profit margins as fragmented pricing disrupts the market, forcing many to...
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817‘Leather Industry can Generate ₦23b Yearly’
The Federal Government has decried the neglect of the leather industry, saying the sector can employ over 700,000 citizens. The Minister of...
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891
Marketers Project ₦800/Litre as Imported Petrol’s Cost Drops
The price war in the downstream oil sector intensified on Tuesday as major oil marketers moved to offer a lower price against...
