petrol
1 Feb
The Nigeria Customs Service (NCS) says it has seized illicit goods with a Duty Paid Value (DPV) of N77.476 million in Ogun between Jan. 1 and Jan. 27. The Area Comptroller, NCS Ogun 1 Area Command, Mr Mohammed Shuaibu, made this known in an interview with the News Agency of Nigeria (NAN) on Saturday in…
22 Jan
Predicts Drop in PMS Price Lauds Tinubu’s Efforts in Ensuring Energy Security The National President of the Independent Petroleum Marketers' Association of Nigeria (IPMAN), Abubakar Shettima, on Tuesday, called on the federal government to privatise the nation's public refineries for optimum performance. Nigeria, the sixth-largest producer of crude oil in the world, has four public…
20 Jan
The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Abubakar Shettima, on Monday, urged Nigerians not to panic over the news of an increase in the price of Premium Motor Spirit (PMS). There have been reports of a hike in the fuel pump price. Shettima allayed Nigerians' fears in Ibadan at…
17 Jan
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has dismissed claims of an impending increase in petrol prices nationwide. According to IPMAN Chairman, Bashir Salisu Tahir, in an interview with Voice of America, it is market forces that now determine prices since the country now has refineries. He assured the public that the operation of…
4 Jan
Governor Babagana Zulum of Borno State has announced plans to subsidise the cost of a litre of petrol at N600 for farmers in communities affected by Boko Haram insurgency. Zulum announced the subsidy on Friday evening in Bama town when he flagged off the distribution of farm inputs to over 5,000 farmers hitherto displaced by…
29 Nov
Experts have expressed deep concern over the recent surge in petrol prices in Nigeria, which has reached unprecedented levels. They argue that the current pricing, exceeding N1,100 per litre, is unsustainable and poses a significant threat to the nation's economy and the well-being of its citizens. Mojeed Dahiru and Ayo Akinfe, who were guests on…
28 Nov
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says the Port Harcourt Refinery Company Limited has not released any new purchase price for Premium Motor Spirit (PMS). Dr Billy Gillis-Harry, National President of PETROAN, made this known in a statement on Wednesday. The News Agency of Nigeria (NAN) reports that the refinery, operated…
22 Nov
The Nigerian Navy, Forward Operating Base (FOB), Ibaka has arrested three suspected oil thieves carrying 2,000 litres of petrol with the intention of smuggling it to the Republic of Cameroon. The Commanding Officer of the Base, Navy Capt. Uche Aneke disclosed this while handing over the suspects seized items, and other goods to the Nigeria…
11 Nov
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery for the direct supply of petroleum products. IPMAN National President, Abubakar Maigandi, announced the partnership at a press briefing in Abuja on Monday, following a meeting of the Association's National Working Committee. Garima stated that this collaboration aims to ensure…
10 Nov
Some residents of Kano have abandoned their cars to embrace trekking, the use of bicycles, electric bikes, and commercial tricycles for mobility as the price of petroleum jumps to N1,150 in the state. A News Agency of Nigeria (NAN) correspondent observed on Sunday that there were fewer cars on the road and more than usual…
3 Nov
The Dangote Refinery has warned Nigerians that any imported cheaper petrol than theirs is substandard. Dangote issued this warning on Sunday night in a statement signed by Group Chief Branding and Communications Officer, Anthony Chiejina, saying that the company had lately refrained from engaging in media fights but was constrained to respond to the recent…
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