Petrol Scarcity, Ploy To Hike Price - Marketers
The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as only few filling stations dispensed the commodity.
But despite the scarcity and queues, which had lingered for several...
Oil Price Rebounds To $66 Ahead Of OPEC Meeting
Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum Exporting Countries (OPEC) that may see some supply returned to a fast-tightening market.
US crude rose 2.2...
NNPC, IPMAN Caution Against Panic Buying As Fuel Queues Return
The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have cautioned motorists against panic buying as fuel queues returned in Abuja and Lagos.
The Economic Confidential gathered that many filling...
Nigeria Loses N151.78bn Crude Oil Monthly – NNPC
Nigeria is currently losing an average of 200,000 barrels of crude oil daily, the Nigerian National Petroleum Corporation stated on Wednesday.
Brent, the oil against which Nigeria’s crude is priced, was $66.75 per barrel on Wednesday, while the...
Senate Gives Accountant-General 24 Hours To Clarify N528bn In NNPC Financials
The Senate on Tuesday gave the Office of the Accountant General of the Federation 24 hours to provide information on N528bn not captured in the Nigerian National Petroleum Corporation financial statement.
The Senate Public Account...
$2.6bn Pipeline Project: Reps Grill NNPC, Contractors
The House of Representatives has begun investigation of alleged breach of Nigeria’s laws on local content in the execution of the Federal Government project to construct a gas pipeline from Ajaokuta to Kano.
The House Committee on Local Content,...
