The Petroleum Products Retail Owners Association of Nigeria (PETROAN), has urged President Bola Ahmed Tinubu to be cautious with its proposed implementation of the ban on foreign goods imports. This comes as PETROAN said the ban on foreign goods, which heralded the Nigeria First Policy, may lead to an increase in the prices of premium motor spirit and other imported …

A man has tragically lost his wife after an extended delay during her operation at Jummai Babangida Aliyu General Hospital, caused by a power outage and fuel shortage in the hospital‘s generator. The incident was confirmed through a series of posts he shared on his Facebook page. In one post, he wrote, ‘Inna lillahi wa Inna lillahi rajiun. Kasaa. I …

Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum products, as they imported 6.38 billion litres of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in five months. But independent marketers and retailers, through their various associations, kicked against the development, as the importation of these commodities gulped about N6tn, a development …

Officials of the Dangote refinery have said the controversial fuel allegedly bought from a filling station belonging to the Nigerian National Petroleum Company Limited (NNPCL) did not emanate from the refinery. The officials, who spoke to Sunday PUNCH on condition of anonymity, said Nigerians testified to the quality of the Premium Motor Spirit (PMS) from the Dangote refinery because they …

The National Orientation Agency (NOA), Oyo State Directorate, has warned Nigerians of the dire consequences of scooping fuel from fallen tankers. The state director, Dr. Olukemi Afolayan gave this warning in a press release made available to newsmen in Ibadan by the state head of media, Isiaka Kehinde . According to Dr. Olukemi Afolayan, Oyo State Director, “Scooping fuel from …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the price of petrol will drop to N935 per litre by Monday in view of Dangote Refinery’s new arrangement. IPMAN said the new price was necessitated by the reduction in Dangote Refinery’s fuel ex-depot price and uniform arrangement, which would enable marketers to sell at N935 in their outlets …

Nigeria is a major crude oil producer. It currently produces about 1.3 million barrels of crude per day. In the best of times, it can pump somewhere around 1.8 million barrels of the black gold daily. That number could cross the 2 million mark if we decide to end crude oil theft and illegal bunkering. These will not happen because …

Aliko Dangote, chairman of the Dangote Refinery and Petrochemical Company, says his company has the capacity to meet the country’s local demand and urged marketers to stop importing the product. Dangote said this while addressing State House correspondents after a meeting with President Bola Tinubu to review the sale of crude in naira to local refiners at the Presidential Villa …

The Lagos State Traffic Management Authority (LASTMA) has warned motorists queuing for fuel at various filling stations to avoid traffic congestion that inconveniences other road users. The General Manager of LASTMA, Olalekan Bakare-Oki, gave the warning on Sunday as he deployed additional officers to monitor traffic around fuel stations across Lagos. This is according to a statement by LASTMA’s Director …

The Oodua People’s Congress (OPC) has called for dialogue between the government and leaders of the August planned protest against economic hardships faced by Nigerians. The OPC urged President Bola Tinubu on the need for immediate reversal of increased electricity tariff and reduction of food and fuel prices as a goodwill gesture. OPC gave its counsel in a statement on …