Large consignments of petrol imported by major oil marketers are expected to arrive in Nigeria next week and are expected to force down the commodity’s price, both major and independent dealers stated on Sunday. Following the recent unification of the country’s exchange, which improved operators’ trust, crude oil refiners were currently distributing refined petroleum goods […]
The nomination of Jean-Marc Cordier as the head of the Nigerian National Petroleum Corporation Limited’s oil trading division has sparked a variety of worries among operators and professionals in the sector. The company’s Chief Corporate Communications Officer, Garba-Deen Muhammad, revealed that Cordier would lead NNPC Trading Ltd, a subsidiary of NNPCL, in a statement released […]
There is growing concern as scarcity of Premium Motor Spirit, popularly called Petrol, grew worse across the country on Thursday, as massive queues were witnessed in Ibadan, Abuja, Lagos, Port Harcourt, Calabar, Warri, Nasarawa, and Minna, among other places. Marketers alluded to inaccessibility to the product as only two depots were dispensing the commodity in […]
The Federal Executive Council (FEC), at its first meeting in 2023 on Wednesday, approved the proposal by the Federal Ministry of Works and Housing for the Nigerian National Petroleum Company Limited (NNPCL) and its subsidiaries to invest N1.9 trillion for the reconstruction of 44 selected federal roads across the country.
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