State governments have called for a forensic audit of crude oil-backed loan deals worth about $8.8bn, raising concerns over transparency and declining revenue to the Federation Account. The demand was made during a retreat organised [Read More!]
Global oil prices climbed above $100 per barrel on Thursday as renewed attacks linked to the conflict involving Iran intensified fears of a severe disruption to global energy supplies. The surge in prices came despite [Read More!]
Oil marketers have warned Nigerians to prepare for a possible rise in petrol prices to about ₦1,500 per litre as tensions in the Middle East continue to disrupt global energy markets. The warning was issued [Read More!]
The Dangote Petroleum Refinery has explained that the cost of fuel in Nigeria is heavily influenced by global crude oil prices and other international market factors. The management of the refinery said its operations are [Read More!]
Nigeria may experience another wave of rising costs of transportation, food, and basic services after the Dangote Petroleum Refinery increased the price of Premium Motor Spirit (petrol) to N1,175 per litre. The new price applies [Read More!]
Long queues have started appearing at some filling stations as motorists rush to buy cheaper petrol amid rising pump prices across Nigeria. Many consumers were seen lining up at stations operated by MRS Oil Nigeria [Read More!]
A fresh disagreement has emerged between fuel marketers and the Dangote Petroleum Refinery over the cost of petrol, following recent price increases linked to rising global crude oil prices amid tensions in the Middle East. [Read More!]
The Federal Airports Authority of Nigeria has confirmed the full restoration of flight operations at Murtala Muhammed International Airport following a fire outbreak that disrupted activities at Terminal One on Monday evening. FAAN said the [Read More!]
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