The nation’s fragile economy faces another crisis as the Nigerian Ports Authority (NPA) is restraining the berthing of ships contracted by the Nigerian National Petroleum Corporation (NNPC) for non-payment of N5 billion debt.
This is coming just as Nigerians are grappling with the possibility of...
Though attempts have been made to assure Nigerians that there are no plans to increase the pump price of Premium Motor Spirit, popularly referred to as petrol, The PUNCH has gathered that the actual price at which the product should sell at filling stations...
Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said.
According to them, the United States dollar hit an all-time high last week, as...
Three out of six ships waiting to berth in Lagos ports would discharge Premium Motor Spirit (PMS), otherwise known as petrol, the Nigerian Ports Authority (NPA) has said.
The remaining three ships would berth with kerosene, bulk fertilizer and bulk gas.
Thirty eight ships laden with...
The drop in Nigeria’s crude oil revenue in the first quarter of 2016, put at N53.72bn, is higher than the total amount the nation lost in the whole of 2015 (N51.3bn) as a result of incessant attacks on pipelines conveying petrol.
Nigeria’s crude oil export...
...Insists petrol can sell for N40 per litre
FORMER Minister of PetroÂleum and Energy, Prof Tam David-West, has blasted the Federal Government for inÂcreasing the price of Premium Motor Spirit (PMS) from N86.50kobo per litre to N145, saying it is unjustifiable. It is nonsense.
In an...
