Increasing Oil Price Pushes Petrol Landing Cost Above N180
The landing cost of Premium Motor Spirit (petrol) being imported into the country will rise further on the back of the recent increase in global oil prices.
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu,...
Amid Oil Marketers' Threat, NNPC Says There's Sufficient Petrol
The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this season regardless of the recent threat and ultimatum by oil marketers, stating...
Oil Marketers Want Petrol Prices Reviewed Regularly
The Major Oil Marketers Association of Nigeria has said the pricing template for Premium Motor Spirit should be reviewed regularly to ensure that the price of the commodity reflects the reality on the ground.
It was reported last week...
Petrol: Subsidy To Exceed $3.85bn Estimate
A bi-monthly update report on the state of Nigeria’s economy prepared by Lagos-based economic research and analyses firm, Financial Derivatives Company (FDC), has disclosed that with the rising prices of crude oil at the international market, petrol subsidy will...
Buhari Pushes For ECOWAS Single Currency By 2020
President Muhammadu Buhari has told West African countries to intensify effort towards achieving a single currency in the sub-region by year 2020.
He gave the charge at the West African Monetary Zone 2018 mid-year statutory meetings held in...
Nigerians Paid More For Petrol, Kerosene In August - NBS
Many Nigerians paid more for petroleum products, including Premium Motor Spirit (petrol) and household kerosene, last month, according to data from the National Bureau of Statistics.
The average price paid by consumers for petrol increased by...
