Border closure: Nigeria saves N2b daily from smuggled 10 million litres of petrol
Over 10 million litres of Premium Motor Spirit (PMS), better known as petrol is now being saved due to the ongoing partial border closure ordered by the Federal Government codenamed “Exercise Swift Response.”
Consumption of cooking gas hits 78,000 metric tonnes
Approximately 78,000 metric tonnes of Liquefied Petroleum Gas (popularly called cooking gas) are consumed in the country, the Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed.
PPPRA denies scarcity of aviation fuel as stock hits 83m litres
Nigeria currently has eighty-three million, eight hundred and ninety-eight thousand, five hundred and eleven litres of Aviation Turbine Kerosene (ATK), generally called ‘aviation fuel’, the Petroleum...
No plan to remove fuel subsidy now, FG insists
Finance Minister Zainab Ahmed yesterday reiterated government’s resolve not to remove fuel subsidy.
Operators now leveraging cost-effective, sustainable oil production approach
James Shindi is the Chief Executive of Brevity Anderson, organisers of the annual Nigeria Petroleum International Summit (NIPS). In an interview with the Head of Energy & Solid Minerals Desk, STANLEY OPARA, he speaks on the fate of the oil/gas industry in the current election year, the PIGB and NIPS. Excerpts; Giving the fact that…
Nigeria’s poor economy and the blame game
A declaration the other day by President Muhammadu Buhari, after a meeting with the 36 state governors that the Nigerian economy is in a bad shape, though worrisome did not come to many as a surprise. This newspaper did call attention recently to the deteriorating state of the economy in a number of editorials including…
PPPRA rules out hike in petrol price, begs marketers
The Petroleum Products Pricing Regulatory Agency (PPPRA) has ruled out plans to increase the pump price of Premium Motor Spirit (PMS) also known as petrol.
Forex irregularities scare marketers off kerosene importation
Oil marketers in Nigeria are still reluctant to resume the importation of Dual Purpose Kerosene (DPK), after abandoning the venture for over two years on the grounds of unprofitability.