Some residents of Sabo Market, Orile Igbon, along the Ogbomoso-Ilorin expressway in Oyo State last night allegedly attacked firefighters for preventing them from siphoning fuel from a fallen petrol-laden tanker. The tanker, carrying 33,000 litres of Premium Motor Spirit (PMS), had suffered a tyre burst, resulting in a spillage and subsequent f...
•Dr. Olukemi Afolayan The National Orientation Agency (NOA), Oyo State Directorate, has warned Nigerians of the dire consequences of scooping fuel from fallen tankers. According to Dr. Olukemi Afolayan, Oyo State Director, in a statement by Head, Media, Oyo State NOA Isiaka Kehinde, “Scooping fuel from a fallen tanker can be deadly, causing fi...
•Petrol stations …Being Nigerian Tribune Editorial today Not a few Nigerians, especially motorists and vehicle owners, were delighted when the price of fuel which had continually spiked was reduced by two of the major suppliers of the product, namely the Nigeria National Petroleum Corporation Limited ( NNPCL) and Dangote Refinery Ltd, to...
•Dangote Refinery The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. A report by Bloomberg yesterday, quoting data sourced from Vortexa, Kpler, Precise Intelligence,...
•Filling stations Petrol consumption has drastically reduced in Nigeria with filling stations recording sharp drop in patronage as reports from across the country indicate. This is largely connected to the high cost of premium motor spirit (PMS), also known as petrol, with a litre selling as much as N1,200 in some parts of the country, [&helli...
Residents of the Akamkpa area of Cross River State were seen scooping fuel from a fallen tanker on the roadside. This was disclosed in a statement and video shared on X.com by The Cable today. The statement reads, “TRENDING VIDEO: Residents scoop fuel from a fallen tanker in Akamkpa, Cross River” In the video, the […]
The federal government has officially announced the termination of fuel and foreign exchange subsidies, marking the end of a long-debated policy. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this declaration during the presentation of the Nigeria Development Update by the World Bank in Abuja today, Thursday, Oc...
•Dangote Refinery The federal government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement today, the Minister ...
Some traders and commuters in the Federal Capital Territory (FCT) have frowned at the increase in the pump price of Premium Motor Spirit (PMS) by the NNPC Ltd. The NNPC Ltd Retail Management approved the upward review of PMS pump price from N617 per litre to N897 per litre effective from today, Tuesday, September 3, […]
•Minister of Finance and Coordinating Minister of the Economy, Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600 million on fuel importation monthly. He stated that the high import bill is due to neighbouring countries, up to Central Africa, benefiting fro...