The Nigerian National Petroleum Corporation (NNPC) has generated N1trn as revenue from the sales of white petroleum products between September 2015 and August 2016. The NNPC revealed in its latest financial and operations report that the sales were made through its downstream arm, the Pipelines...

The Federal Government said the country was saving $4.5 million daily, (about N1.395 billion) from the deregulation of petroleum products. This came as indications emerged that more tank farms were running out of petroleum products in Apapa area of Lagos as a result of...

The federal government and the organised Labour yesterday agreed to set up a 16-man committee to look into the various issues that emanated from the hike in the price of petrol. The issues include the review of the pump price, the agitation for a new...

The Nigerian National Petroleum Corporation, NNPC, weekend, stated that the newly re-opened Port Harcourt and Warri refineries are now producing seven million litres of Premium Motor Spirit, PMS, also known as petrol per day. According to an NNPC statement in Abuja, Minister of State...

The Federal Government has commenced the release of Premium Motor Spirit (PMS) known as petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN). The development is contained in a statement issued by Mr Lawson Ngoa, the Secretary, IPMAN Reconciliation Committee, and made available to newsmen...

• NPMC distributes 40m litres daily to filling stations • Kachikwu unveils short, long term solutions to ending fuel scarcity • Gov Bello warns marketers against sharp practices. The weeks of agonising pains of fuel scarcity nationwide may afterall be over in a few days as about...