Saturday, 2nd July 2022
Breaking News:


21 May 2021
Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream sector of the petroleum industry,...
7 Apr 2021
Tragedy was averted yesterday when a tanker with registration number MKA-663ZF conveying 44,000 litres of PMS crashed on a Toyota Camry at 5-Star Bus Stop, which led to heavy gridlock
25 Mar 2021
Indications have emerged that Nigerians may likely pay more for petrol in April. This was disclosed Thursday by the Group General Manager (GMD) of the National Petroleum Corporation (NNPC), Mele Kyari while reacting to a question about the status of petrol's pump price in the country. Kyari spoke during the weekly presidential ministerial media briefing…
18 Mar 2021
The Department of Petroleum Resources (DPR) has signed an agreement with over 27 operators in the downstream sector to check fluctuations in the pump price of Premium Motor Spirit
16 Mar 2021
Despite not being captured in the 2021 budget, an average of N155 billion is being paid by the Federal Government to subsidise 2.9 billion litres of Premium Motor Spirit...
18 Jan 2021
The Federal Government faces tough choices between control of escalating commodity prices and boosting economic growth as the inflation rate returns to the 2017 level when it almost hit 20 per cent.
31 Dec 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) has warned marketers of Premium Motor Spirit (PMS) and other petrol products against profiteering during the new year celebration and beyond.
9 Dec 2020
At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor Spirit (PMS), stakeholders in the petroleum industry are divided over a new price of N162 agreed between the Federal Government and the Organised Labour yesterday.
21 Nov 2020
With the latest increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol, Nigerians have, no doubt, begun to feel the pressure that comes with deregulation.
18 Nov 2020
Industry stakeholders, yesterday, expressed concerns over the state of Nigeria’s petroleum downstream and of other African countries in the face of emerging global issues.
8 Nov 2020
Senate Probes Alleged Breach Of Local Content Laws, Others Senate’s investigation into allegations of abuse of the Nigerian coastal and local content laws has recorded a twist, following fresh revelations that $120m is lost yearly to such abuses. Moreover, the delay by the Senate in concluding the investigation, which began a year ago, is generating…
3 Sep 2020
Barely two days after electricity tariff was increased by about 300 per cent, oil marketers yesterday fixed the pump price for Premium Motor Spirit (PMS), popularly called petrol


22 mins ago
Missiles rained down on Ukraine killing many civilians and wounding dozens in built up areas as the weekend began, prompting President Volodymyr Zelensky to accuse Russia of state "terror". Strikes on a southern resort town left 21 dead and dozens wounded after missiles slammed into flats and a recreation centre in Sergiyvka, 80 kilometres (50…
42 mins ago
More than two dozen crew members are unaccounted for after their ship broke into two during a typhoon in the South China Sea on Saturday, with rescuers scrambling to find them, officials say. An engineering vessel that was 160 nautical miles southwest of Hong Kong "suffered substantial damage and broke into two pieces" and the…
48 mins ago
At least five people were killed and 19 injured when a strong earthquake shook southern Iran early Saturday, the state news agency IRNA reported. The 6.0 magnitude quake hit 100 kilometres (60 miles) southwest of the port city of Bandar Abbas in Hormozgan province, the US Geological Survey said. The quake struck just a minute…
1 hour ago
Protesters stormed Libya's parliament in the eastern city of Tobruk on Friday and set parts of it ablaze, venting their anger at deteriorating living conditions and months of political deadlock. Black smoke billowed as men burned tyres and torched cars after one protester had smashed through the compound's gate with a bulldozer and others attacked…
1 hour ago
Six Nations champions France stretched away in the second half to beat a spirited Japan 42-23 on Saturday in steamy conditions in the first Test at Toyota Stadium. With temperatures soaring to 33 degrees and humidity at 55 percent at kick-off, France struggled to impose themselves in the first half as Japan fought back from…