With only four days remaining until the September 15, 2024, deadline set by the Nigerian National Petroleum Company Limited (NNPC) to begin lifting Premium Motor […]
Category: Economy
Economy
Dangote Refinery to Export Petrol if NNPC and Local Traders Block Domestic Sales, Says Vice President Edwin
The Dangote Petroleum Refinery has indicated that it may be forced to export its Premium Motor Spirit (PMS), commonly known as petrol, if the Nigerian […]
Aliko Dangote Presents First Sample of Petrol from Lagos Refinery, Commends Tinubu Administration
Aliko Dangote, President of Dangote Group, has presented the first sample of Premium Motor Spirit (PMS), commonly known as petrol, produced at his refinery. The […]
PETROAN President Warns of Imminent Petrol Price Hike Despite Dangote Refinery’s Commencement of Production
The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gilly-Harry, has issued a warning about a potential increase in the […]
Federal Government Debunks Reports of Directing NNPCL to Sell Fuel at N1000
The Federal Government has refuted viral reports suggesting that the Ministry of Petroleum ordered the Nigerian National Petroleum Company Limited (NNPCL) to sell fuel at […]
Nigeria Poised to Strengthen Economic Ties with Indonesia, Says Minister of Information
Nigeria has signaled its commitment to enhancing bilateral relations with Indonesia, particularly in areas of trade, investment, and knowledge exchange. The Minister of Information and […]
Lagos State, Shipping Firm Launch Panels Over Coastal Damage
The Lagos State Government and a shipping company have initiated separate investigations into the destruction of a multibillion-naira coastal groin at the Mayegun Waterfront Scheme. […]
FCCPC Orders Price Cuts Amid Concerns Over Market Practices
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month ultimatum for traders and market stakeholders to reduce exploitative pricing practices. At a […]
Nigeria Signs Major Deal with Boeing to Revamp Aviation Sector
The Nigerian government has signed a landmark Memorandum of Understanding (MoU) with Boeing to elevate the country’s aviation sector. Announced by Tunde Moshood, Special Assistant […]
Petrol Prices Soar as Independent Marketers Sell at N900 to N1,000/Litre Amid Fuel Supply Crisis
Petrol prices have skyrocketed in many parts of Nigeria, with independent oil marketers selling Premium Motor Spirit (PMS) at rates ranging between N900 and N1,000 […]