The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to […]
Dangote To Meet Marketers Over New Price Of Petrol Read More »
Abubakar Garima, National President, Independent Petroleum Marketers Association of Nigeria, IPMAN, has disclosed that Nigerian National Petroleum Company Limited, NNPCL, is owing IPMAN almost N15 billion. Garima stated this on Thursday while fielding questions on Channels Television’s The Morning Brief programme. ”Roughly now, they are owing us (IPMAN) getting to N15 billion,” Garima replied, when
New Update on NNPCL Released Read More »
The Nigerian National Petroleum Company Limited has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. The NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based
Breaking: NNPC Announces New Update On Dangote Refinery Read More »
The Federal Government has said that the conversion of vehicles using fuel to gas will reduce transportation cost which will culminate to affordable cost of living by the masses. At the launch of the initiative and the signing of agreements with various partners in Benin, the Edo State capital on Saturday, the Head of Commercial
Hardship: How CNG Vehicles Will Drastically Reduce High Transportation Read More »
The Executive Vice Chairman, Federal Competition and Consumer Protection Commission (FCCPC), Tunji Bello, has said that the commission never issued any ultimatum to traders in the country to crash food prices. Bello made this known while speaking at a One-Day Stakeholders’ Engagement on Exploitative Pricing, held in Lagos on Wednesday. The FCCPC boss stated that,
FCCPC Speaks On Food Prices, Highlights Better Initiative For Nigerians Read More »
There are indications that Nigerians are in for harder times as the Nigerian National Petroleum Corporation Limited (NNPCL) has increased its pump price to N855 per litre. This comes just as the NNPCL management admitted that it was facing a debt challenge to the tune of $6 billion from its supply chain abroad. While the
Reactions Trail Social Media as NNPCL Increases Fuel Price Read More »
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) plays a crucial role in overseeing the distribution and sale of petroleum products in Nigeria. Recently, there has been discussion around the potential banning of petrol sales in jerrycans at filling stations. While the rationale behind such a policy—mainly safety concerns and the prevention of fuel
The Motive Behind Banning of Jerrycans At Filling Stations Read More »
The Nigeria Deposit Insurance Corporation says it has disbursed the insured deposits of N5 million each to 82.36 per cent of the total customers of the defunct Heritage Bank. It also noted that 17.64 per cent of the insured deposits still pending payment mainly belong to depositors with accounts that have Post-No Debits instructions or
How Popular Organization Surprised Bank Customers With #5million For Compensation Read More »
The President of Dangote Group, Aliko Dangote, has disclosed that his friend who earlier warned him against investing in Nigeria is now taunting him for ignoring his advice. Dangote disclosed this in an interview with newsmen on Sunday just as reports quoted the Nigerian Midstream and Downstream Petroleum Regulatory Authority as claiming that diesel from
Refinery: My Friend Who Warned Me Against Investing In Nigeria Now Laughs Read More »
The President of Dangote Group, Aliko Dangote, has said that he will sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the
Frustration: Dangote Voices Out On Selling Refinery To NNPCL Read More »
