Dangote Petroleum Refinery, sole producer of petrol being off taken and distributed for Nigerians, has declared that the government should end subsidy, a move that would cause imminent surge in the prices of the product to as high as N1,800 litre. The Founder of the 650,000 barrels per day capacity refinery, Alhaji Aliko Dangote, who […...
•Bags of cement The joint committee of the House of Representatives investigating arbitrary rise of cement price in the country, has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market. The committee resolved to visit production plants of the companies after going though [&h...
The national average retail price for Premium Motor Spirit otherwise known as petrol increased year-on-year, YoY, by 37.44 percent to N750.17 per litre in June 2024 from N545.83 per litre recorded in the corresponding period of 2023. On a month-on-month, MoM basis, the average retail price decreased by 2.53 per cent from N769.62 per litre [&he...
•Fuel scarcity in Nigeria Fresh queues for Premium Motor Spirit, popularly called petrol, surfaced in Abuja, parts of Niger and Nasarawa states yesterday following the closure of many filling stations operated by independent marketers. Dealers closed their retail outlets due to their inability to access petrol as a result of the hike in the ex...
•Garri The price of cassava flakes, popularly known as garri and rice have recorded more than a 50 per cent increase in Enugu metropolis. Our correspondent, who conducted a market survey today in Enugu, observed that prices of foodstuffs such as garri and rice have increased by 50 per cent in the metropolis, reports NAN. […]
The average price of Premium Motor Spirit (PMS), also known as petrol, shot up by 223.21 per cent to approximately ₦770 per litre in May 2024 from ₦238.11 per litre recorded in the corresponding period of 2023, according to data from the National Bureau of Statistics (NBS). The statistics bureau disclosed this in its report, […]
Nigeria’s oil and gas industry stakeholders have commended President Bola Tinubu over his administration’s economic policies, attributing the recent reduction in price of diesel to the gains of the policies. According to them, the president’s fuel subsidy removal and unification of various foreign exchange rates which initially signposted econ...
•Dangote refinery The Dangote Petroleum Refinery has listened to the calls of oil marketers as regards the reduction in the price of Automotive Gas Oil, popularly called diesel. Yesterday, the refinery announced a reduction in the price of diesel from N1,200/litre to N1,000/litre, a development that triggered excitement among operators in the ...
•Dangote As the Nigerian National Petroleum Company, NNPC Limited, moves to end petrol scarcity in Lagos and its environs, Dangote Refinery and oil marketers have intensified efforts at taking final decisions on pricing and delivery of petrol to filling stations nationwide. Dangote Refinery, which can refine 650,000 barrels per day, bpd of cru...
•Kerosene queue Poor Nigerians will have to pay more to get their meals cooked, as the rise in inflation rate to 31.70 per cent in February, has led to an equal increase in price of Household Kerosene (HHK), to N1,340 per litre. Data from a newly released report, ‘National Household Kerosene Price Watch’ for February […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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