Petroleum marketers have stated that the Nigerian government has entirely eliminated the subsidy on Premium Motor Spirit (petrol), which has led the Nigerian National Petroleum Company Limited (NNPCL) to raise the price of petrol to N1,030 and N998 per litre in Abuja and Lagos, respectively. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of…
President of Dangote Group, Aliko Dangote, has said his 650,000 barrels per day capacity refinery was built without a single incentive from the Nigeria government. Dangote disclosed this at the ongoing Crude Oil Refinery Owners Association of Nigeria Summit in Lagos. The Africa richestman, who was represented by the Executive Director, Dangote Group, Engr Mansur…
The Apapa Port Command of the Nigeria Customs Service said it collected N1.6 trillion in revenue by the end of the third quarter of 2024, compared to the N1.172 trillion collected as total revenue for the year 2023. The Command’s spokesperson, Usman Abubakar, disclosed this in a statement on Monday. Commenting on the development, the…
More problems loom for Nigerians as Nigerian oil marketers have hinted that there may be a fresh Premium Motor Spirit (Petrol) price hike amid escalating tensions between Israel, Iran and other parties. The President of the Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry, disclosed this on Friday in an exclusive interview According to…
