For a country that its total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9 million, the Federal Government is only rubbing salt in the wound if yearly losses…

Petrocam Trading Nigeria Limited has unveiled its intentions about local refining saying that the firm does not have any plans of investing in refinery in Nigeria until there is deregulation. The company’s Admin and Sales Manager, Eyo Oghogho who made this revelation in Lagos at the official inauguration of its ninth solar powered and eleventh…

The navy has disclosed that the country lost about 23.1 million litres of Automotive Gas Oil (AGO), known as diesel, as a result of illegal oil refining in 2018. Giving the 2018 scorecard of the Navy during the first quarter media dialogue at Navy Headquarters (NHQ), the Chief of Naval Staff (CNS), Vice Admiral Ibok…

No fewer than 22 vessels laden with petroleum products are expected to berth at Lagos ports this week to boost fuel supply. The products, including Premium Motor Spirit (PMS) known as petrol, Automated Gas Oil (AGO) known as diesel, Jet A1 (Aviation fuel) and base oil are in 32 cargoes. Statistics released by the Nigerian…

Nigeria’s Mohammed Barkindo yesterday emerged the Secretary - General of the Orgnisation of Petroleum Exporting Countries (OPEC). He took over from Libya’s Abdalla Salem El Badri after a meeting...