Fuel: Mass Supply Begins In Lagos, Three Others In January   A special joint arrangement by the Nigerian National Petroleum Company Limited and 30,000-member independent petroleum marketers will lead to mass supplies of Premium Motor Spirit, popularly called petrol in Lagos, Calabar, Port Harcourt and Ogara...

Modular Refineries Can’t Refine Fuel Due To Price Regulation, Says NNPC   The Nigerian National Petroleum Company Limited (NNPC) on Wednesday explained that one of the key reasons modular refineries in Nigeria were not producing Premium Motor Spirit, popularly called petrol, was because of the regulated...

An official statement from the Federal Government of Nigeria has been issued to explain the current fuel shortages in the country. According to the government, it identified extremely high levels of methanol in one of its public supplies but claimed that it had been...

Petrol Subsidy: FG To Continue Bridging Cost Payment   The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed has disclosed that the Federal Government will continue to pay the cost of bridging petrol to ensure its availability...

NNPC Dismisses Price Hike Rumour, Admits Hitches In Depots   The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any hike in the pump price of the product. The Economic Confidential had reported on...

Fuel Marketers Quarterly Revenue Increase By N88.94bn       The total revenue reported by five of the major oil marketing companies in the country rose by 55.6 per cent in the second quarter of this year, signaling a gradual recovery from the COVID-19 pandemic amid the challenges...