Crude-oil-lagospost.ng

Nigeria’s oil revenue drops to N945b

Irrespective of the steady rise in crude oil price, the country’s earnings from the commodity dropped for the fourth month. This was conveyed in...
Fuel-retailing-lagospost.ng

Subsidy hits 45% of fuel import bill in Q1 – NBS report

The National Bureau of Statistics has disclosed that Nigeria spent N1.51tn(45%) on the imports of premium motor spirit, also known as petrol, in the...
OPEC -Lagospost.ng

Oil prices fall as OPEC increases production quota

Oil prices on Friday fell after Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses...
Totalenergy-lagospost.ng

TotalEnergies to sell 10% stake in NNPC, SPDC JV

Oil major, TotalEnergies, has confirmed it is selling off its 10 per cent stake in the Nigerian Joint Venture with Shell Petroleum Development Company...

Shun panic buying, 2.5bn litres of PMS in stock, NNPC assures Nigerians

The Nigerian National Petroleum Company Limited (NNPC) has assured worried Abuja residents that the petrol queues that sprang up over the weekend will be...
queues - lagospost.ng

Queues return to petrol stations in Lagos, Abuja, Kano

Petrol stations in Lagos, Abuja and Kano have begun experiencing long queues. Although no long queues were recorded in Lagos during the weekend, some...
petrol subsidy-lagospost.ng

Fuel subsidy records 307% increase amid transport fare hike

The report has recorded that the amount spent on fuel subsidy monthly rose from N60.39bn in March 2021 to N245.77bn in March 2022, which...
FG-Risk-lagospost.ng

‘FG to commence campaign on disaster risk awareness’ – Minister

The Federal Government has said it will commence a disaster risk information awareness to inform the public of the consequences of illegal oil bunkering. This...
IPMAN-lagospost.ng

IPMAN appeals to government to check operations of illegal refineries

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the government at all levels to make serious attempts to check the operations...
World-Bank-lagospost.ng

‘Fuel subsidy puts Nigerian economy at high risk’ –World Bank

The World Bank has said that increasing fuel subsidies will put the Nigerian economy at a high risk as subsidy payments could significantly impact...
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