Local Refineries: PETROAN Says Crude Producers Divert 500,000 barrels Daily  The Petroleum Products Retail Outlets Owners Association of Nigeria has alleged that oil producers are diverting the daily 500,000 barrels of crude oil meant for local refineries. The association said this while commending the Nigerian Upstream...

19 Illegal Gas Stations Seized in Delta - NMDPRA The Nigerian Midstream and Downstream Petroleum Regulatory Authority has sealed 19 illegal Liquefied Petroleum Gas and Category D cooking gas outlets in Delta State. Category D LPG operators are those who refill gas from licensed plants for...

FG Hikes Import Supervision Charges by 4% The federal government has raised the Comprehensive Import Supervision Scheme from one per cent to four per cent. The increment, which is embedded in the Comprehensive Import Supervision Scheme, rose from one per cent to four per cent at...

Nigeria’s 5G Connections Jump to 4m in 2024 - NCC The Nigerian Communications Commission (NCC) has revealed that 5G connections in the country increased to four million in December 2024. According to NCC data, this represents 2.46% of the country’s total active subscriptions for telephone services,...

Banks Active Accounts Hit 331.6M in One Year Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of 122.3 million accounts from 209.3 million in January 2024. In January, 2024, Nigeria recorded 209.3 million...

Fuel Price Drops by N27/litre at Private Depots The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday. The amount was a difference of N27 from N952 offered by the highest-selling depot last Friday. Marketers said this reduction was influenced...