petroleum

  1. Nigeria Business News

    Business OPEC Heads of Delegation extends proposed 1.5m/bpd cut to year end – Vanguard News

    https://www.vanguardngr.com/2020/03/opec-heads-of-delegation-extends-proposed-1-5m-bpd-cut-until-end-of-2020/ Get more: Nigeria Business News
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    Business Oil marketers canvass for total deregulation of petroleum downstream sub-sector – The...

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DAPPMA) have called for the total deregulation of the downstream sub-sector of the country’s oil and gas industry. The marketers under the aegis of IPMAN and DAPPMA told the...
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    Business CBN boosts agriculture, airlines, petroleum, others, with $262.5m forex.

    HOPE MOSES-ASHIKE The Central Bank of Nigeria (CBN) on Friday bolstered activities in the agricultural, airlines, petroleum products and raw materials and machinery sectors with a total of $262.5 million in the inter-bank Foreign Exchange Market. The intervention was the CBN’s first Retail...
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    Business Oil price hits $70 per barrel, raises hope for N8.6trn 2018 budget.

    By Udeme Akpan THE price of crude oil has risen from $68 to $70 per barrel in the international market as a result of rising demand, thus raising hope for the implementation of the nation’s N8.6 trillion 2018 budget. Oil money A survey of the market by Vanguard showed that … via Vanguard News...
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    Business Nigeria's Petrol Diverted to Chad, Cameroon, others - Kachikwu

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu yesterday revealed that over 30 per cent of Premium Motor Spirit (PMS) otherwise known as petrol is being diverted to neighbouring countries, including Chad and Cameroun. Kachikwu, who spoke at a town hall meeting in Lagos...
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    Politics I Never Said Petrol Will Sell For N40 per Litre - Prof Tam David-West

    A former Minister of Petroleum, Prof Tam David-West has denied reports that he said the Buhari government would crash the price of petroleum to N40 if elected. The former minister, who spoke to Daily Sun on the phone, said at no time did he make such a comment and that he must have been...
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    Business FG Releases Petrol to Independent Marketers

    The Federal Government has commenced the release of Premium Motor Spirit (PMS) known as petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN). This is contained in a statement issued by Mr Lawson Ngoa, the Secretary, IPMAN Reconciliation Committee, on Sunday in Abuja. It...
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    Business Nigeria's Fuel Scarcity: We Are Responsible - IPMAN

    The Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Reconciliation/Interim Management Committee, Lawson Ngoa in a statement yesterday heaped the blame for the petroleum product scarcity on the door step of leadership tussle in IPMAN. The lingering leadership...
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    Metro Nigerians Join Tinubu to Blast Ibe Kachikwu Over Fuel Scarcity Statement

    Nigerians on social media space have joined the former governor of Lagos State and national leader of the All Progressives Congress, APC, Asiwaju Bola Tinubu yesterday, blasted Ibe Kachikwu, Minister of State, Petroleum, for telling Nigerians that he “was not trained as a magician”, a reference...
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    Business Nigeria's Fuel Crisis: Ibe Kachikwu Apologises To Nigerians

    Minister of state for Petroleum Resources and Group Managing Director of NNPC, Ibe Kachikwu, has apologized to Nigerians over the lingering fuel scarcity. He also assured that the fuel situation will soon be allayed. See tweets:
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    Business Akwa Ibom: 3 Refineries To Begin Operations

    Governor Udom Emmanuel of Akwa Ibom State has disclosed that three private refinery operators have indicated interest to start operations in the state just as he warned marketers against contravening the miscellaneous code which he said, is punishable by law. The Governor also advocated for the...
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    Business Kachikwu Orders Special Fuel Supply During Yelutide

    The Minister of State for Petroleum, Dr. Ibe Kachikwu has given assurances that from 2016, the country’s oil sector will experience a turn around that will allow the refineries work effectively and then petroleum products will be available to Nigerians at affordable prices. He said that as a...
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    DPR Sanctions 99 Filling Stations

    The Department of Petroleum Resources (DPR) said it has sanctioned about 99 filling stations for committing various offences and taking undue advantage of consumers in view of the prevailing fuel scarcity. The DPR in a statement, noted that some of the retail outlets aside being shut, were...
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    Metro Nigerians Criticise Buhari As Fuel Scarcity Bites Harder

    Nigerians have been grappling with fuel scarcity for some days now and are still not sure when it will come to an end. Scarcity of petrol has continued to bite harder. In spite of this, Nigerians have taken to the social media to blast President Mohammadu Buhari and marketers over fuel crisis...
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    Business Petrol Price Rises To N200 Per Litre in Umuahia, Black Market N300

    Some independent petroleum marketers in Umuahia are selling petrol for between N170 and N200 per litre even as the seeming scarcity of the commodity lingers on. However, at the black market located at strategic points in the Abia state capital, the commodity sells for N300 per litre. A...
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    Metro [Full Gist] Alison Madueke Cries Out About Her Ordeals

    This is an apt metaphor for the melodramatic scoop which is the cover of the first edition of what I believe will be a catalyst for unbiased investigative reporting in Nigeria. The Boss had long been conceptualised as a Leadership newspaper to occupy the void created by lack of true and credible...
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    Metro [PUNCH] I Never Stole Nigeria’s Money – Alison-Madueke

    A former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has said she did not use her position to steal Nigeria’s money. Alison-Maduekwe, who looked frail told the Publisher of Ovation Magazine and TheBoss Newspaper, Dele Momodu, said she performed her duties to the best of her...
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    Politics [List] Here Is Buhari's Policy For Oil Sector

    President Muhammadu Buhari’s overall plan for Nigeria’s oil and gas sector for the next four years was on Wednesday made known by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Kachikwu who doubles as the Group Managing Director of the Nigerian National Petroleum Corporation...
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