The Independent Petroleum Marketers Association (IPMAN) has issued a stern warning that it will shut down its 30,000 stations nationwide if the Federal Government's outstanding debt of N200 billion isn't settled promptly. 

Yesterday, Dangote Petroleum Refinery further reduced the prices of both diesel and aviation fuel to N940, N980 per litre respectively.

Nigeria, Africa's largest oil producer, may not reap a windfall from the recent rise in oil prices at $100 per barrel. 

If Oil Disappeared Tomorrow…. By Haitham Al Ghais, OPEC Secretary General If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded....

If Oil Disappeared Tomorrow…. By Haitham Al Ghais, OPEC Secretary General If oil disappeared tomorrow, there would be no more jet fuel, gasoline or diesel. Internal combustion engine automobiles, buses, trucks, lorries and coaches would be stranded. Airplanes powered by jet fuel would be grounded....

OPEC: Oil Output Reaches 6 Month Low, Nigeria's Revenue At Risk The latest data from the Organisation of the Petroleum Exporting Countries (OPEC) states that Nigeria’s oil revenue is under threat after crude oil production plummeted to 1.32 million barrels per day (mbpd) in February. This...