Seven Major Marketers Get Approval to Sell Dangote Fuel The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers...

Petrol Ex-depot Price Rises by 7.6% to N608/Litre   The Ex-depot price of petrol, yesterday, rose by 7.6 per cent to N608 per litre from N565 per litre in Lagos and environs. A visit to private depots in Lagos showed that independent marketers, who lift at N608...

Fuel Hits N685/litre in North Filling stations, particularly those operated by independent marketers, now dispense Premium Motor Spirit, popularly called petrol, at prices that are higher than the bands approved by the Federal Government, with some filling stations in the North selling as high as...

FG Says Car, Fuel Imports Gulp $46bn Annually The Special Adviser to the President on Economic Affairs, Tope Fasua, on Tuesday, urged the Central Bank of Nigeria to reduce the number of bureau de change operators in Nigeria from over 5,000 to about 200. Fasua, a...

Crude Hits $94, Marketers Eye Fresh Fuel Price Hike The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol,...

Water Transportation Fare Increases By 45%, According To NBS   The average fare paid for water transport in June 2023 rose to N1,366.22, a 44.84 per cent rise from N943.26 in June 2022, the National Bureau of Statistics (NBS) has disclosed in its latest report. The NBS...