•Fuel queue in Lagos Black market racketeers are currently taking advantage of the few day’s strike actions by tanker drivers, as the price of Premium Motor Spirit popularly known as petrol skyrocketed, hitting ₦1000 per litre in some parts of Lagos States. Our patrol team today observed that most filling stations in Lagos State, Ogun [&hellip...
Many Nigerians are still feeling the negative impact of fuel subsidy removal despite assurances by the federal government that the decision was made for the good of the country. Dry season farmers who use fuel-powered water pumps to irrigate their farmlands are among poor Nigerians who bear the brunt of the fuel subsidy removal, reports [&hell...
•Dangote Refinery The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters. Nigerians have been eagerly looking forward to the release of products from the $20bn Dangote refinery after it was inaugurated in Ma...
•Hilda Dokubo Nollywood diva cum politician, Hilda Dokubo, has called on Nigerians to be ready for a new way of life characterised by prolonged fasting and extensive trekking. In a video shared on her Instagram account on Thursday, accompanied by the caption, “Whilst we celebrate our victory, let us prepare for a new lifestyle of […]...
•El Al Israel Airlines Airline Operators of Nigeria, AON, has lamented what it termed existential threats, saying scarcity of Forex, skyrocketing price of Jet-A1, now N1,300 per litre and difficulty in acquiring aircraft due to country risk, among others, are some of the challenges faced by members. The operators, who called for urgent interve...
•Dangote refinery Indications have emerged that lingering regulatory approvals have stalled Dangote Petrochemical Refinery’s plan to release aviation fuel (Jet A1) and diesel for sale in the Nigerian market in January, findings have shown. One week after the January 31 timeline set by the management of Africa’s largest refinery to begin sale o...
The federal government yesterday said the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon. It disclosed this at a briefing in Abuja, as oil marketers expressed worry that the recent crash of the naira against the United States dollar might lead to [&hellip...
Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have berated the Nigerian National Petroleum Company Limited for alleged delay in the supply of petroleum products. As a result, the marketers said they had been forced to boycott the NNPCL to source fuel from private depot owners at a higher cost. [&he...
•Dangote Refinery The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers Association of Nigeria confirmed yesterday that with the registration, they would commence ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have warned Nigerians against panic-buying and dismissing reports of a planned hike in the pump price of petrol also called Premium Motor Spirit (PMS). According to reports, fuel marketers clashed with the Nigerian Nati...

