Friday, April 18, 2025
Petroleum marketers can now directly lift petrol from Dangote Refinery without the Nigerian National Petroleum Company Limited (NNPC) acting as an intermediary. This shift marks a significant change in fuel distribution, confirming speculations that NNPC is no longer the sole off-taker of Dangote Refinery products. In a statement on Friday, […]
The latest figures from the official pricing template have indicated that the pump price of locally produced premium motor spirit, PMS, otherwise called petrol, is now being matched with the price of imported products. But petroleum marketers are hinting that such a match would not be sustainable if exchange rates […]
Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a floating production, storage and […]
The Federal Government of Nigeria has generated N103.7bn in revenue from the Electronic Money Transfer Levies in the first half of 2024. According to data from the Central Bank of Nigeria’s statistical bulletin, this represents a 7.55 per cent increase compared to the N96.44bn collected during the same period in 2023 […]
As part of the transition towards a deregulated market structure for Premium Motor Spirit (PMS), the federal government has authorised petroleum product marketers to purchase PMS directly from local refineries. This was announced on Friday in a statement signed by Wale Edun, the Minister of Finance and Coordinating Minister of the […]
The National President, Independent Petroleum Marketers Association of Nigeria, Abubakar Garima, has stated that the Nigerian National Petroleum Company Limited owes petroleum marketers almost N15bn. Garima stated this on Thursday when he was featured on Channel TV’s Sunrise Daily. According to him, its members have yet to load a single truck since […]
A bill to create a special armed squad for the Federal Road Safety Corps (FRSC) as well as other provisions to make the agency operates better has been passed for second reading at the House of Representatives. The bill sponsored by Rep. Abiodun Derin Adesida and Rep. Olaide Lateef Muhammed […]
Prime Minister Mitchell was received and led on the tour of the Refinery by the Chairman and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote and other top ranking staff.More visitors are continuing to tour the Dangote Refinery in Lagos, with the latest being the Prime Minister Of Grenada, […]
A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or operating an existing one. According to the bill, titled “A Bill for an Act to […]
Independent oil marketers on Wednesday adjusted the pump price of petrol in the Federal Capital Territory (FCT) to reflect the price at which they bought the product from Dangote Refinery and Petrochemical Company. Checks revealed that many filling stations have adjusted their pump price of petrol to an average of N1,200 […]