The Nigerian National Petroleum Company Limited (NNPCL) has filed a preliminary objection against a lawsuit initiated by Dangote Petroleum Refinery and Petrochemicals FZE, which seeks exclusive...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has finalized an agreement with Dangote Refinery to directly source petroleum products, including petrol, diesel, and kerosene. This...
Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, on Wednesday, ordered President Bola Tinubu’s administration to fix the prices of goods and petroleum products in...
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Wednesday, announced the completion of phase 1 of the rehabilitation of the Port Harcourt...
A Joint Task Force comprising personnel of the Nigerian Army and the Nigerian Navy on Thursday destroyed illegally refined petroleum products in Akwa Ibom State. The...
The Minister of State for Petroleum Resources, Timipre Sylva, on Monday said Nigerians should rather be proud that the Federal Government was set to resume the...
Oil marketers in Nigeria now have the liberty of importing petroleum products alongside the Nigerian National Petroleum Corporation (NNPC) as the liberalisation policy of the downstream...
The Nigerian Navy has confirmed the seizure of no fewer than three barges allegedly involved in illicit oil deal on Onne waterways, Rivers State, which may...
President Muhammadu Buhari, in the early hours of today (Tuesday), delivered an Independence Day speech to mark the 59th independence anniversary of the Federal Republic of...
Nigeria’s land borders are to remain closed until the country is able to agree with its neighbours on existing ECOWAS protocol on movement, the Comptroller General...
Again, Nigerians have been assured that there is no impending fuel scarcity. This is as the Independent Petroleum Marketers Association of Nigeria (IPMAN) and National Union...
The Nigerian National Petroleum Corporation, NNPC, has taken over assets worth N771 million belonging to oil marketers who underpaid for petroleum products supplied them from the...
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, have suspended its shutdown directives to its members. The association also directed its members to recall...
The importation of petroleum products into the country increased by five percent in the third quarter of 2018 from 5.3 billion litres in the second quarter...
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has petitioned President Muhammadu Buhari and Minister of State for Petroleum Resources Ibe Kachikwu over the...
The Minister of Finance, Mrs. Kemi Adeosun has insisted that the federal government is not paying subsidy on petroleum products in the country. She stated on...
There are fears that the price of petroleum products may again shoot up, as marketers have raised an alarm that the present situation as it concerns...
The Department of Petroleum Resources (DPR) on Saturday said that it has cancelled the reservation of petroleum products for institutions, and “special customers,” also known as...
Diamond Bank Plc and Standard Chartered Bank Limited topped forex utilisation list for last week with combined $38.34 million disbursement to their customers. The two lenders, which respectively...
A Federal High Court, Lagos, presided over by Justice Ibrahim Buba, Friday, convicted 14 foreigners bunkering and dealing illegally in petroleum products in Nigeria. Justice Buba...
Unable to source refined petroleum products from the Nigerian National Petroleum Corporation, marketers of the product in the country have resorted to neighbouring countries such as...
Claims by Nigeria’s National Petroleum Corporation (NNPC) that the process by which it supplies refined petroleum products for domestic consumption leads to losses that translate into...
