Reps Probe, Direct NNPC Limited to Suspend OVH Acquisition The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy Marketing, the company behind the Oando Retail brand in West African countries. This call was a sequel...

Tinubu Should Sell 15% Of NNPC Shares To Settle debt, Says Sanusi   A former Governor of the Central Bank of Nigeria, Muhammad Sanusi II, said the mounting debt profile of the country is no longer sustainable in the face of current harsh economic realities created...

Naira Devaluation, Others Hiked Fuel Price - Marketers Oil Marketers on Wednesday blamed the recent price increase in Premium Motor Spirit, commonly known as petrol to the naira devaluation and the current rise in crude oil prices. The Chairman of the Major Oil Marketers Association of...

Fuel Hike: Masses are Suffering, We'll Down Tools, NLC warns FG Nigeria Labour Congress (NLC) has warned that it may be forced to withdraw from the dialogue with the federal government over the hardship its removal of fuel subsidy has visited on Nigerians. This followed yesterday’s...

Fuel Hike: ‘Nigerians are Being Deceived, Punished Unnecessarily" — NLC The president of the Nigeria Labour Congress (NLC), Joe Ajaero says Nigerians are being deceived on the issue of petrol pricing. Speaking on Politics Today, a Channels TV programme, Ajaero said the masses are being punished...

UPDATE: Marketers Explain N617 PMS Price, Say it won't Reach N700 The pump price of Premium Motor Spirit (PMS), popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil...