
Pascal Oparada
5011 articles published since 29 Nov 2021
5011 articles published since 29 Nov 2021
Major marketers and filling stations have increased their petrol prices despite the steep drop in crude oil prices. However, some marketers project a price drop soon
The Dangote Refinery has confirmed receiving the 4,000 CNG-powered trucks as it prepares to commence nationwide fuel distribution this month and reduce prices.
India has emerged as one of the top buyers of Nigeria's oil after ditching Russian crude amid US sanctions, while Dangote Refinery has continued to import.
FBNQuest, a subsidiary of First HoldCo has reportedly taken over Ikeja Electric, First Independent Power Limited (FIPL) Egbin Power via a court order.
The drop in global crude oil costs has led to cuts in depot prices as OPEC+ increased production output. Nigerians expect corresponding cuts in filling stations.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to license 220 dormant oil blocks across Nigeria's offshore and onshore areas.
The Nigerian government has rolled out free gas cylinder distribution nationwide, targeting about five million homes in the next five years to promote clean cooking.
Data from the National Bureau of Statistics (NBS) shows that palm oil imports have reduced by 26%, driven by a surge in local production, leading to a price drop.
Delta state has continued to lead Nigerian states as the country's top oil-producing state with 100 million barrels in 11 months, while Lagos recorded no output.
Pascal Oparada
Load more