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Dangote Refinery Begins Diesel, Aviation Fuel Production

….Approves 7 Marketers For Product Lifting The Dangote Refinery, the largest single-train refinery in the world, has commenced the refining of Automotive Gas Oil (also known as diesel) and Aviation fuel (Jet AI) about seven months after its inauguration seven months ago. The refinery began operations in the early hours of Friday following the earlier […]

Budgeting Latest News Oil & Gas Planning & Economic Development Transportation

10 Ships Laden With Petrol, Other Items Berth At Lagos Ports

The Nigerian Ports Authority (NPA) on Wednesday disclosed that 10 ships loaded with Premium Motor Spirit (PMS), also known as petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar had arrived Lagos ports to finally berth. The port regulator also hinted that another 20 ships at the ports were discharging fuel, bulk […]

Banking Budgeting Latest News Oil & Gas

Fuel Scarcity: IPMAN Seeks N500Bn Bridging Claims’ Payment To Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to immediately pay marketers their bridging claims estimated at about N500 billion to enable them commence the lifting of petroleum products from the nation’s depots in order to end fuel scarcity. The IPMAN Public Relations Officer, Mallam Yakubu Suleiman, was quoted […]

Economy News Extra Latest News Oil & Gas

Again, NNPC Allays Consumers’ Fear Over Fuel Scarcity

The Nigeria National Petroleum Corporation (NNPC) Limited  has advised fuel consumers nationwide not to engage in panic buying of Premium Motor Spirit (PMS), saying it has over 1.7 billion litres of the product in stock. The corporation’s Group General Manager, Group Public Affairs Division, Malam Garba Deen Muhammad, in a statement  confirmed that apart from […]

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NNPC, EFCC, Others To Jointly Combat Petroleum Products’ Smuggling, Theft

The Nigerian National Petroleum Corporation (NNPC) on Thursday hinted that it was collaborating with the Economic and Financial Crimes Commission (EFCC), security agencies and relevant downstream and upstream stakeholders in the petroleum industry to combat the increasingly worrisome problems of petroleum products’ smuggling and crude oil theft in the country. The corporation’s Group Managing Director, […]

Economy News Extra Latest News Oil & Gas

NNPC, Marketers, Others Agree On Sustained Products’ Supply

The Nigerian National Petroleum Corporation (NNPC) on Sunday disclosed that it had fast-tracked agreements with petroleum products bulk purchase nationwide with a view to ensuring uninterrupted products’ availability throughout the yuletide and beyond across the country. The corporation’s Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, gave this hint in a statement, indicated that […]