Wednesday, April 2, 2025
There are indications that prices of bread and other flour based food items would continue to rise as bakers and flour millers said there is no end in sight for solutions to the key drivers of the cost in the sector. Meanwhile the operators told Financial Vanguard that they would […]
The U.S. Department of Justice filed fraud charges against Air Peace’s Chief Executive Officer, Dr. Allen Onyema, and Chief Financial/Administration Officer, Mrs. Ejiro Eghagha. Air Peace has addressed these reports. The airline has declared its dedication to openness and honesty, stating that it is examining the accusations at this time […]
Ekiti State Governor, Mr. Biodun Oyebanji, on Saturday brought joy to the faces of retirees by distributing gratuity cheques to the tune of N3.5 billion on a day they were marking this year’s edition of Pensioners’ Day. At the ceremony which was marked at the Great Eagle Hall, Ikere Road, […]
Presidential candidate of Labour Party in the 2023 election, Peter Obi, has berated President Bola Ahmed Tinubu for the sudden fuel price hike from the comfort of an annual vacation. Daily Trust reports that while President Tinubu who has now headed for France was in London, the Nigerian National Petroleum […]
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 […]