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Against the backdrop of the full deregulation of the nation’s downstream oil sector, major oil marketers have said fierce competition will moderate the pump prices of petrol.
Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this...
The US imposed sanctions on 11 entities and three executives Thursday for allegedly aiding an Iranian energy firm that was blacklisted in January, and helping Iran export petroleum products .
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
Libya's state oil company said on Tuesday that it has halted crude exports at its Zawiya terminal due to falling production after an attack in which four workers were kidnapped.
Liverpool boss Jurgen Klopp was very happy with the way his team responded to a drubbing at the hands of Aston Villa.
Former Barcelona chief Ariedo Braida admits he tried to sign Inter Milan star Nicolo Barella for the Catalans.
The United Kingdom High Commission has announced that its center’s across the country has reopened.
Most of the looted palliatives in warehouses across the nation were awaiting distribution to over 2 million vulnerable households, the private sector-led Coalition Against COVID (CACOVID) has explained.
Two minors and four other suspects were paraded on Monday by police in Ekiti State in connection with arson attacks on three police stations in the State.
The National Bureau of Statistics (NBS) has revealed that a total of 31.41 per cent of goods imported into Nigeria are from China.
The PDP in Lagos on Monday faulted Governor Babajide Sanwo-Olu’s alleged claim that it will take N1 trillion to restore all properties and facilities destroyed by hoodlums during the violence that trailed the #EndSARS protests in the state.
Gov. Okezie Ikpeazu of Abia has called on the protesting youths in the state to sheathe their swords and allow the government time to redress their grievances.
Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said.
The police in Adamawa State have arrested 120 suspected hoodlums who allegedly looted items from government and private warehouses on Sunday under the guise of the #ENDSARS protest.