Time to prohibit petroleum product imports – By Magnus Onyibe …C0NTINUE READING HERE >>> In 2011, the Chinese, demonstrating their strategic foresight, established a refinery in Niger Republic, which borders Nigeria to the northeast. This refinery, with a capacity of 20,000 liters per day and a cost of $5 billion, was completed swiftly and produces … Read more
NACCIMA raises concerns over hike in petrol prices …C0NTINUE READING HERE >>> The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has expressed concern over the increase in petrol pump prices in Lagos and Abuja. Mr Dele Oye, National President, NACCIMA, made this known in a statement on Wednesday in … Read more
NLC stance on latest hike in petrol price …C0NTINUE READING HERE >>> The Nigeria Labour Congress (NLC) has said that the latest increase in the pump price of petrol will further deepen poverty as production capacities dip. The Congress added that the increase would lead to more jobs lost with multidimensional negative effects, … Read more
How Nigeria imported 20.30bn litres of petrol in 2023 …C0NTINUE READING HERE >>> The National Bureau of Statistics (NBS) says 20.30 billion litres of Premium Motor Spirit (PMS) also known as petrol was imported in 2023. The NBS stated this in its Petroleum Products Distribution Statistics for 2023 released in Abuja on Tuesday. … Read more
Allow Dangote to sell petrol directly to marketers, Catholic Archbishop tells FG …C0NTINUE READING HERE >>> The Catholic Archbishop of Ibadan Archdiocese, His Grace, Most Rev. Gabriel Abegunrin has urged the government to allow Dangote Refinery to sell petrol directly to marketers. The Archbishop made the remark on Wednesday in Ibadan at a news briefing … Read more
Only NNPC will buy Dangote petrol – Minister of Finance …C0NTINUE READING HERE >>> The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has revealed that only the Nigerian National Petroleum Company (NNPC) Limited will buy the Premium Motor Spirit (PMS) produced by the Dangote Refinery. Advertisement TheNewsGuru.com (TNG) reports Edun … Read more
Dangote makes fresh revelation on contract with NNPC …C0NTINUE READING HERE >>> Dangote Group has disclosed that it is yet to finalise contract with the Nigerian National Petroleum Company (NNPC) Limited in order to commence lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery. TheNewsGuru.com (TNG) reports Dangote Group had … Read more
Dangote make fresh revelation on contract with NNPC …C0NTINUE READING HERE >>> Dangote Group has disclosed that it is yet to finalise contract with the Nigerian National Petroleum Company (NNPC) Limited in order to commence lifting of Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Refinery. TheNewsGuru.com (TNG) reports Dangote Group had … Read more
Dangote Refinery can only prodice 36% of petrol demand …C0NTINUE READING HERE >>> Dangote Refinery Consulting firm Energy Aspects Ltd is forecasting about 90,000 barrels a day of petrol (PMS) production for the Dangote oil refinery in the fourth quarter of 2024. Advertisement At full output, the refinery is expected to be able to produce … Read more
Motorists, commuters, traders react over new price of petrol …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company Ltd. (NNPCL) has increased the price of petrol from N585 to between N855 and N890 per litre. Correspondents, who monitored the situation in Lagos metropolis, observed that in the midst of ongoing fuel shortages and crises, marketers … Read more