Fuel

In Q1 2024, total imports amounted to N12.64tn, marking a 39.65% surge from N9.05tn in Q4 2023 and a notable 95.53% increase from N6.47tn in Q1 2023. In the latest Foreign Trade Statistics released by the NBS on Sunday, it was…

The Adamawa/Taraba Area Command of the Nigeria Customs Service (NCS) said it seized petroleum products worth N12,050,700 in just two weeks. This was disclosed by the Customs Area Controller (CAC), Comptroller Garba Bashir,…

The Oyo State Governor, Seyi Makinde, on Friday night, announced the deployment of free ‘Omituntun’ transport buses to cushion the effect of the fuel scarcity and naira crises in the country on residents of the state. Makinde announced…

As the cost of premium motor spirit continue to rise, civil servants in the Federal Capital Territory (FCT) are raising concerns over how fuelling their cars consume more than half of their monthly income. Some of the civil servants, who…

Many fuel stations within the Abuja metropolis of the Federal Capital Territory have adjusted pump prices to between N180 and N285 per litre. Our correspondent observed that queues had returned to many filling stations, especially within…

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it will do business at the price dictated by the federal government and promised to publicly declare its asset base soon. According to its CEO Mele Kyari, by the middle of…

Motorists and commuters in Lagos and Ogun states on Tuesday again, lamented the biting consequences of the lingering fuel scarcity as the situation remained unchanged from the trends experienced over the past two weeks. Checks by our…

The Federal Government said, yesterday, Nigerians, especially residents of the Federal Capital Territory, FCT, and some other cities, may continue to witness fuel queues until there was complete deregulation of petrol. Minister of State…

Global oil alliance OPEC+ on Thursday said it would increase daily output by 648,000 barrels in August. The increment is deemed inadequate to counter rising oil prices but it means OPEC+ is sticking to a plan of moderate increase despite…