Despite The Rise In Crude, Nigeria’s Oil Revenue Dropped To N945bn   Despite the steady rise in crude oil price, the country’s earnings from the commodity dropped for the fourth month. This was contained in a Central Bank of Nigeria’s (CBN’s) latest monthly economic report for...

N500bn Unpaid Claims: Fuel Crisis will Get Worse - Marketers The Independent Petroleum Marketers Association of Nigeria has advised Nigerians to prepare for the worst fuel crisis. The association asked the Federal Government to get the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay their...

Oil Marketers Disagree With Depot Owners Over Petrol Price Hike   The Independent Petroleum Marketers Association of Nigeria (IPMAN) has criticised private depot owners over the recent increase in the pump price of Premium Motor Spirit, also known as petrol, in some states. According to reports, some...

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...

Non Payment Of 10 Months Bridging Arrears Hindering Supply - IPMAN     Outstanding arrears for bridging owed petrol marketers for fuel by Federal Government’s debts to petroleum products marketers in respect of bridging cost for premium motor spirit (PMS) is now in excess of 10 months. Owing...

We Have Over 1.7bn Litres Of Petrol - NNPC   The Nigeria National Petroleum Corporation (NNPC) Limited yesterday advised consumers not to engage in panic buying of Premium Motor Spirit (PMS) as it has over 1.7 billion litres of the product. Its Group General Manager, Group Public...