IPMAN Cries Out as Price of Petrol Truck Increases Petrol truck cost has risen from N7 million in May to N25 million right now. This is according to Akin Akinrinade, the Chairman of the Independent Petroleum Marketers Association of Nigeria in the Satellite Depot branch. Punch...

Tinubu Should Not be Petroleum Minister - Sanusi Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has called for a proper audit of the Nigerian National Petroleum Company Limited (NNPCL), noting that this call was what cost him his job at...

Dangote Refinery Receives First Shipment of Crude Oil, to Commence Production The are indications that the Dangote Refinery located in Lagos is set to commence production of refined petroleum products. According to industry sources and tanker tracking Data, S&P Global, the much expected production of refined...

Customs Federal Operations Unit Seizes N873m Vehicles The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja said it intercepted 13 units of imported vehicles, nine trailer loads of foreign rice, and 18,100 litres of premium motor spirit worth N873m. The acting Customs Area Controller in...

NNPCL Seals Gas Deals for Local, International Markets The Nigerian National Petroleum Company Limited has announced that it had signed two major agreements to deliver Liquefied Natural Gas to the domestic gas market and the international LNG market. It said the agreements were signed during two...

NGX Rebounds with N305bn Gain after Free Fall The Nigerian Exchange Limited sustained its bullish sentiments on Wednesday as it closed in the green zone with N305bn added to equity investors’ wealth. Investors had gained N166bn on Tuesday after a loss of N259bn on Monday following...