NNPC Vows To Increase Production As Brent Crosses $105/barrel   Brent, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday, as it rose to the highest price ever recorded since about 14 years following the ongoing war in Ukraine after it...

Oil spills: Court orders CBN to release 82 billion judgment debt to Akwa Ibom communities An absolute garnishee order has been granted to the Central Bank of Nigeria by Justice Taiwo Taiwo of the Federal High Court in Abuja, ordering the release of N81.9 billion...

Nigeria's Fuel Crisis Worsens With Oil Prices Dropping Friday , 18-02-2022's oil price drop came as fuel scarcity continues to plague Nigeria, West Africa's largest economy. After climbing to $92.94 on Thursday, Brent crude future fell 1.52 percent to $91.46 at 10:30 AM Nigerian Time. According...

NNPC New Charge on Marketers to Lead to Higher Petrol Prices In a report published by The Leadership newspaper, marketers are raising the price of PMS at the pump to reflect the new charges to the NNPC. The report stated that the Nigerian National Petroleum...

Private Depots Hike Fuel Rates, More Filling Stations May Sell Above N180/litre   The cost of Premium Motor Spirit, popularly called petrol, may hit or exceed N180/litre in most filling stations in coming weeks if nothing is done about a recent hike in its ex-depot price...

Queue To End In A Few Days, Says NNPC- Fuel Scarcity The Nigerian National Petroleum Corporation Limited has assured Nigerians that the company had placed significant orders of over 2.1 billion litres of methanol-free petroleum to ensure that the long queues of petroleum end in...