By Ogaga Ariemu The Nigerian National Petroleum Company Limited, NNPCL, has again reduced its retail price for Premium Motor Spirit, PMS, to N965 per litre, DAILY POST reports. DAILY POST’s ...

By Ogaga Ariemu There are indications that the state-owned Port Harcourt Refinery has stopped operation again less than a month after its rehabilitation. A member of Petroleum Tanker Drivers, PTD, who preferred anonymity, ...

In a sign of stability in the downstream sector, the Major Energy Marketers Association of Nigeria, MEMAN, has said that the landing cost of Premium Motor Spirit, PMS, also known as petrol declined marginally to N970 in December 2024, from N971 per litre in November ...

By Ogaga Ariemu A small-sized bulb onion is now sold for between N200 and N300 in Nigerian markets ahead of this year’s Yuletide. This was revealed by a market survey carried out by DAILY POST on Tuesday in the Federal ...

By Ogaga Ariemu Nigerian economists and financial analysts said the federal government must reevaluate its policies around critical sectors such as manufacturing, agriculture, and energy sectors to bring down rising inflation. Professor Godwin Oyedokun, a don at Lead City University in Ibadan ...

By Ogaga Ariemu The Nigerian National Petroleum Company Limited, NNPCL, has reduced the price of Premium Motor Spirit (petrol) across its retail outlets in the Federal Capital Territory, Abuja, DAILY ...

By Ogaga Ariemu Nigeria’s indigenous firm, Seplat Energy Plc, has finally completed its acquisition of Mobil Producing Nigeria Unlimited, MPNU, from ExxonMobil at $800 million after over two years when the first deal was signed. The company ...

By Ogaga Ariemu Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit, PMS, from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. The 650,000 barrels per day refinery disclosed this in a ...

By Matthew Atungwu The Nigerian National Petroleum Company Limited, NNPCL, says the new Port Harcourt refinery is over 90 per cent completed. The Group Chief Executive Officer of the NNPCL, Mele Kyari, stated this on Monday when labour leaders from the Nigeria Labour Congress, NLC, and the ...

By Ogaga Ariemu The Association of Nigeria Petroleum Products Retail Outlets Owners and Dangote Refinery have signed an agreement on direct premium motor spirit sale to further reduce the price of the product. The spokesperson of PETROAN, Joseph ...

By Seun Opejobi The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has explained the essence of the tax reform bills proposed by President Bola Tinubu. Oyedele said the ...

By Ogaga Ariemu The Nigerian government has commenced deduction of N50 electronic levy from transactions made by users of Opay, Moniepoint, and other financial technology companies, DAILY POST reports. This comes as Opay and Moniepoint during ...

The Petroleum Products Retail Outlet Owners Association of Nigeria has said the Port Harcourt refinery will sell its petrol at N1,030 per litre, stating that the refinery is working as claimed by the Nigerian National Petroleum Company Limited. In a statement on Thursday night, ...

By Ogaga Ariemu The commencement of crude oil processing at Port Harcourt Refinery has attracted jubilation among Nigerians. This comes as the state-owned refinery kicked off operations on Tuesday, November 26, 2024, after being ...

By John Owen Nwachukwu A former governorship candidate in Rivers State, Pastor Tonye Cole, has said that Nigerian refineries cannot sell a litre of Premium Motor Spirit for N700 or below at this point. Cole said this on Channels ...

By Ochogwu Sunday The Nigerian National Petroleum Company Limited, NNPCL, says the revived 60,000 barrels-per-day Port Harcourt Refinery is currently producing at least 1.4 million liters of Premium Motor Spirit, PMS, everyday. ...

After several postponements, the Port Harcourt refinery has finally commenced fuel production. The Nigerian National Petroleum Company Limited confirmed this to our correspondent on Tuesday. NNPC spokesperson, Olufemi Soneye, said the loading of trucks would start ...

By Ogaga Ariemu Nigerian economists and financial experts have explained why citizens have remained poorer in the past months despite the country’s Gross Domestic Product rising by 3.46 percent in the third quarter of 2024. ...

By Ogaga Ariemu Dangote Refinery has resumed the purchase of crude oil from the United States to ramp up refining capacity and production. According to a Bloomberg report on Wednesday, the cargo conveying two million barrels of ...

The Dangote Refinery and Petrochemical is set to begin fuel exports to South Africa, Angola, and Namibia, Saturday PUNCH can confirm. A highly credible source, who confirmed this exclusively to one of our correspondents on Friday, said the management of the ...

By Williams Anuku President Bola Tinubu on Monday, took a cursory assessment of his administration in the last 17 months, saying he has been able to ramp up funds to reduce the debt servicing burden of the ...

By Francis Ugwu Dangote Refinery has alleged that an international trading company recently acquired a depot for blending and selling substandard products in Nigeria. “At the same time, an international trading company ...

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import ...

By Francis Ugwu The Independent Petroleum Marketers Association of Nigeria, IPMAN, on Friday said that the price of fuel from Dangote Refinery, as of last week, was higher than the price of the product from other sources. ...

By Ogaga Ariemu Nigeria’s petrol marketers have decried challenges faced in purchasing Dangote Refinery’s Premium Motor Spirit (Petrol) amid a fuel price hike. Abubakar Maigandi ...

The price of a bag (50 kg) local rice rose year-on-year, YoY, by 152.9 percent to N95,738 in September 2024 from N37,853 in September 2023. Data from the National Bureau of Statistics, NBS, ‘Selected Food Price Watch’ for September 2024 showed that ...

The Federal Government on yesterday banned the export of Liquefied Petroleum Gas (cooking gas) produced in country as prices continue to spike. 'My songs will make you buy bedsheets'- Ironha, who took hawking when fire razed his Yaba shop The ...

By Ifreke Inyang Nigerian business mogul, Aliko Dangote, remains the richest man in Africa. Dangote is also ranked the 65th richest man in the world. Bloomberg, in its latest Top 500 Billionaires Index released on ...

By Ogaga Ariemu Nigeria’s oil marketers have said that the Nigerian National Petroleum Company Limited is still the sole-off-taker of Dangote Refinery Petrol. Zonal Chairman, South-West of the Independent Petroleum Marketers ...

Adedeji Adeleke, the father of the award-winning superstar, David, popularly called Davido, has revealed what he went through securing the environmental permit for his power plant worth over $2 billion. The billionaire industrialist disclosed this while speaking as a ...

The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide. According to the bank, these reforms are vital for ensuring ...

By Ogaga Ariemu Nigeria’s oil marketers have said the director general of the Department of State Services, Adeola Ajayi has intervened in its complaints about the high price of Premium Motor Spirit(Petrol) by the Nigerian National ...

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 ...

Amid feedstock challenges, the Dangote Group, owners of the Dangote Petroleum Refinery, will commence crude oil production in the first quarter of next year. A senior official of the $20bn Lekki-based refinery confirmed this on Saturday while reacting to an earlier ...

By Ochogwu Sunday The Nigerian National Petroleum Company Limited, NNPCL, has again jerked up the pump price of the Premium Motor Spirit, PMS, also known as petrol to N1,030 per litre. The development was observed by our ...

By Ogaga Ariemu   The Dangote 650,000 barrels per day Lagos-based refinery has ignored oil marketers’ call on direct lifting of its Premium Motor Spirit (petrol). The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi and the President of the ...

By Ogaga Ariemu The Nigerian National Petroleum Company Limited, NNPCL, has reportedly quit its role as the sole buyer of Dangote Refinery’s Premium Motor Spirit (petrol). This is according to a ...

By Ogaga Ariemu The Minister of Finance, Wale Edun, has announced that the Nigerian government has begun the Naira-for-crude sale deal with Dangote Refinery from October 1, 2024. The minister disclosed this in a statement released on ...

By Akanni Dorcas Starting a home-based business in Nigeria is a fantastic way to earn extra income, whether you’re a student, stay-at-home parent, or just looking for a side hustle. With the right products, you can tap into local demand and create a profitable venture ...

By Ogaga Ariemu 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. ...

  Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against dealers, making it impossible for them to apply for the commodity purchase. They said marketers are still awaiting over 90 million ...

Determined to arrest the spate of divestments in the nation’s oil and gas sector, the Federal Government (FG) has announced a new fiscal regime with a wide range of tax exemptions in the industry. The Minister of Finance and Coordinating Minister of the Economy, ...

The various changes in government policies have continued to tell on Nigerians especially the recent increase in fuel pump prices across the country. This year alone, the Nigerian National Petroleum Company Limited has adjusted petrol pump prices upwards twice ...

By Ogaga Ariemu Petroleum marketers in Nigeria say they are standing in limbo over the controversy surrounding Dangote Refinery Premium Motor Spirit (petrol) pricing as released by the Nigerian National Petroleum Company Limited on Monday. ...

By Ogaga Ariemu The Nigerian National Petroleum Company Limited says it stands by its earlier disclosure that Dangote Refinery Petrol is sold to them at N897 per liter. NNPCL spokesperson, Olufemi Soneye disclosed this exclusively to DAILY ...

By Ifreke Inyang  Dangote Refinery has hit out at the Nigerian National Petroleum Company Limited (NNPCL) for claiming they bought fuel from them at N898 per litre. A statement made available to DAILY POST on Sunday and signed by Anthony ...

By Ogaga Ariemu The Dangote Refinery has announced that the first set of trucks is set to load Premium Motor Spirit (petrol) at the facility. Dangote Group disclosed this in a video posted on its official X account on Sunday. “HAPPENING NOW: ...

Hopes for cheaper Premium Motor Spirit (PM), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting the product from Dangote Refinery ...

By Seun Opejobi The Presidential Committee on the Sale of crude oil and Refined Product has announced the date for loading of petroleum products from Dangote Refinery. A member of the committee and Chairman of ...

By Ogaga Ariemu The Central Bank of Nigeria has mandated all Payment Service Providers to route all transactions from point-of-sale terminals at merchant and agent locations, physical or electronic through an authorized Payment Terminal Service ...