NNPCL Increases Petrol Price to N950 per litre  The Nigerian National Petroleum Company Limited has raised the pump price of Premium Motor Spirit also known as petrol to N925 per litre at its retail stations in Lagos and N950 per litre in Abuja. The new price...

Again, Dangote Refinery Reduces Petrol Price to N860/litre  Dangote Petroleum Refinery has reduced the ex-depot price of premium motor spirit (petrol) for the second time in February, cutting it from N890 to N825 per litre. This N65 per litre reduction follows an earlier N60 per litre...

NNPC Limited vs. Dangote Fuel: Understanding Octane Ratings, Engine Efficiency, and Market Propaganda By Onogwu Muhammed As a holder of a Chemical/Petroleum Technology degree, I find it necessary to add my voice to those of various chemists and analysts who have criticized the poorly scripted propaganda...

Investors Dump Equities Amid Anxieties Over CBN’s Rate Call         Nigerian equities closed at the weekend with a net loss of N604 billion as anxieties over the likely decisions of the Central Bank of Nigeria (CBN) on benchmark interest rate and other monetary policy tools fuelled...

NGX Declines Further By N301bn On Losses By Blue Chips       Major blue chips posted price depreciation on the Nigerian Exchange (NGX) on Wednesday, forcing the market capitalisation to drop by N301 billion in one day. Specifically, the market capitalisation which opened at N20.339 trillion lost N301...

Oil Firms Spent N2.64bn On Transportation In Nine Months         The total expenses made on transportation and freight costs of oil products by four major oil marketing companies in the country in the first nine months of the year amounted to N2.64bn. This is in contrast to...