The Independent Petroleum Marketers Association of Nigeria (IPMAN) National Public Relations Officer (PRO), Alhaji Okanlawon Sulaiman Olanrewaju has said that the current price which the NNPC is imposing on marketers is too high and may cause another round of fuel scarcity. Speaking with journalists in Ilorin on Friday, he stated that NNPCL wants to sell […]
The management of Enugu Electricity Distribution Company (EEDC), has announced that it will embarked on a massive disconnection of indebted customers in south east region of Nigeria. The announcement was contained in a statement signed and made available to Journalists in Awka on Friday, by the Company’s communication officer, Mr Emeka Ezeh. The statement read […]
The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement on Friday, the Minister of Finance and Chairman […]
The federal government has asked a high court sitting in Abuja to issue a bench warrant for the arrest of Hathiramani Ranesh, managing director of Dana Air. Mojisola Okeya, counsel to the attorney-general of the federation (AGF), made the oral application on Thursday before Obiora Egwuatu, the presiding judge. The application followed Ranesh’s absence in […]
The National President of the Independent Marketers Association of Nigeria, Abubakar Garima, has revealed that the Nigerian National Petroleum Company Limited is currently asking oil marketers to buy petroleum products from its depot at N1,010 per litre in Lagos State. He stated that the price peg is significantly higher than what the oil company paid […]
Aliko Dangote says Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products. The Chairman of Dangote Refinery and Petrochemicals Company Limited made this assertion during his keynote address […]
Foreign investors bypassed 26 states as Nigeria’s capital importation reached $2.60bn in the second quarter of 2024, representing a robust increase of 152.81 per cent year-on-year compared to $1.03bn in Q2 2023. This was revealed in the latest capital importation report for the second quarter of 2024, released by the National Bureau of Statistics on […]
Nigeria’s capital importation reached $2.60bn in the second quarter of 2024, representing a robust increase of 152.81 per cent year-on-year compared to $1.03bn in Q2 2023. This is according to the latest capital importation report from the National Bureau of Statistics released on Tuesday. Despite this substantial annual growth, the figure marks a decline of […]
The Nigerian Communications Commission has withdrawn its recently issued press statement regarding the operations of Starlink, a satellite internet service provider. In a brief message addressed to media outlets on Tuesday, the NCC acknowledged that the statement was released in error, urging editors and journalists to retract any related publications. “Kindly note that this press […]
Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to buy the product directly from the facility. The current fuel cost was effected in August when the NNPCL adjusted the pump price from […]
