Private Premium Motor Spirit (PMS) depots have crashed the prices of fuel amidst speculations of a rise to N700 per litre this month. The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Saturday denied plan by the association to increase the pump price of petrol to N700 per litre this month. On the contrary, The Nation confirmed that private depots …

The Human and Environmental Development Agenda (HEDA) has identified the oil and gas sector as the most corrupt sector in the nation’s economy. The non-governmental organisation, which said it is committed to promoting good governance, combating corruption and adjudicating for environmental justice, frowned at how state governors relax and accept any amount given to them as monthly allocations from the …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied reports that it plans to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. IPMAN Chairman for South West zone, Alhaji Dele Tajudeen told the News Agency of Nigeria in Ibadan on Friday that the price of the product would not be …

The Federal Government has so far saved about N400 billion as a result of the removal of subsidy on Premium Motor Spirit (popularly called petrol) since 29th May when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated that there was a high possibility for the cost of petrol to rise in July, going …

Troops of 5 Battalion operating under 16 Brigade, Nigerian Army, have captured a suspected militants’ and illegal bunkerers’ armory at Azuzuama community, Ijaw South Local Government Area of Bayelsa State. The gun house was reportedly captured on Sunday after the troops subdued the suspects with superior firepower, forcing them to flee in disarray, Army spokesman Brig.-General Onyema Nwachukwu said yesterday. …

Federal Government representatives and Labour leaders will today resume talks on petrol subsidy removal palliatives, it was confirmed yesterday. Both parties are expected to harmonise some of the demands put forward by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC). According to the Permanent Secretary, Federal Ministry of Labour and Employment, Kachallom Daju, the parties will reconvene at the presidential Villa, …

As the Nigerian National Petroleum Company Limited (NNPCL) hands-off the monopoly of petrol importation, petroleum marketers have demanded immediate release of their outstanding supplies of Premium Motor Sprit otherwise known as petrol worth N30.96 trillion by the National oil company. At the Suleja/Abuja Secretariat of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the marketers commended the Federal Government for …

The Nigeria-Morocco Gas Pipeline Project has advanced with the signing of four Memoranda of Understanding (MoU) to ensure progress and strategic direction of the 25 billion dollar Trans-Atlantic gas pipeline project. According to a report by the News Agency of Nigeria (NAN), the four MoUs were signed on Friday in Abuja at the Economic Community of West African States (ECOWAS), Headquarters during …

Prominent Niger Delta leader and former agitator, Mujahid Asari Dokubo, on Friday in Abuja, alleged that the bulk cases of oil theft recorded in the oil-rich region are traceable to the Nigerian Army and Navy. “The military is at the centre of oil theft and we have to make this very clear to the Nigerian public that 99 per cent …

The Federal Government, on Wednesday, confirmed that other oil marketers have joined in the importation of Premium Motor Spirit (PMS), popularly called petrol, following the recent removal of subsidy on the commodity. It revealed that about three mega oil marketers were currently expecting PMS cargoes in July, while many others had applied for licences to import the product, as the …