We’ve Lost Our Most-valued Crude Oil Customers – FG Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also stated that international oil companies...

IPMAN Commences Strike In Abuja, Suleja Over N50bn Claims The Independent Petroleum Marketers Association of Nigeria (IPMAN), Abuja and Suleja Depot Unit, announced a halt in supply due to a N50 billion unpaid bridging claim by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). But...

FG Stakes N52.7bn To Clear Petrol Bridging Debt   To sustain the supply of premium motor spirit (PMS) in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that it has paid over N22 billion as part of the backlog owed to...

FG Can’t Regulate Rising Cooking Gas Price - Sylva   The Federal Government has said it has no direct control over the rising prices of Liquefied Petroleum Gas, popularly called cooking gas, and cannot regulate it at will. It, however, stated that it was making efforts to...

Fuel Depots To Pay NNPC’s Shipping Charges In Naira   The Nigerian National Petroleum Corporation has agreed to accept naira payments from depot owners for the use of its vessels for transporting petroleum products to their facilities, as part of efforts to ensure smooth supply and...

The suspension of the petrol subsidy and the adoption of price modulation regime from January have fetched N2.6 billion into a Federal Government special account in the Central Bank of Nigeria (CBN). The former Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Farouk Ahmed, who...