Consumer spending on petrol to hit N672.39bn in June

Nigerians spend a huge amount on petrol monthly and the figure is likely to grow further because of uncertainties surrounding the importation of the...

PENGASSAN propose PEF Merger with DPRA under PIB

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has proposed that the Petroleum Equalisation Fund (PEF) should be merged with the...

Federal Government yet to pay petroleum marketers 2013 subsidy claims

The Nigerian government has failed to pay oil marketers their subsidy claims for the 2013 fiscal year, executive secretary of the Petroleum Products Pricing...

NNPC resumes pumping of petroleum products to Ibadan after pipeline explosion

The Management of the Nigerian National Petroleum Corporation, NNPC, Sunday said it had successfully clamped the ruptured point along the Mosimi–Ibadan line and resumed...

NSC Boss Wants Nigeria’s Petroleum Products Carried on Basis of CIF

The campaign for Nigeria to carry her crude oil and petroleum products on the basis of Cost, Insurance and Freight (CIF) has received a...

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