Petroleum Products

The Department of Petroleum Resources (DPR), has cautioned owners of filling stations against the increase in hawking and begging activities at the filling stations in Zamfara.

Independent Petroleum Marketers Association of Nigeria (IPMAN), in Akwa Ibom State, has impounded petroleum products suspected to be adulterated and handed them to the Nigerian Security and Civil Defence Corps (NSCDC).

The House of Representatives has called on the Federal Government, through the Nigerian Customs Service to lift the ban on the sales of Premium Motor Spirit (petrol) within 20km to the country’s borders.

Telecoms operators (Telcos) under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON) has warned that the directive given by Nigerian Customs Service to suspend the supply of petroleum products to filling stations within 20km of all border areas, could crumble telecoms operations in the country with serious adverse effect on service quality.

In what may be described as a final offensive in its fight against smuggling, the federal government through the Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Thursday announced the suspension of diesel and petrol supply to filling stations within 20 kilometres radius to all Nigerian borders.

The federal government, through the Nigeria Customs Service, has directed that petroleum products should not be supplied to fuel stations within 20km of the borders.

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Wednesday revealed that the country in the last 10 years lost $42 billion to crude oil theft.

The Federal Government has pledged to support the 650,000 barrels per day capacity Dangote Refinery and Petrochemicals Plant with crude oil feedstock and other necessary inputs to the success of the project.

The Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, Tuesday lamented the widening scourge of corrupt practices pervading the country.

The National Union of Petroleum and Natural Gas Workers (NUPENG), has raised the alarm over the worsening state of roads , especially Federally owned ones across the country. This was even as it condemned the rising wave of harassment of its members by touts, popularly called area boys.

The Lagos Chamber of Commerce & Industry (LCCI) has frowned at the disruptions and losses that businesses and individuals have suffered as a result of the border closure. It said corporates, large number of informal sector players and individuals doing legitimate businesses across the borders have become victims of the new directive.

The Nigerian Army on Saturday said ten Boko Haram key Commanders have been captured by troops of the Operation Lafiya Dole following the bombardment of criminal enclaves in Borno State.

The Nigerian National Petroleum Corporation (NNPC) has raised the alarm on the increasing menace of oil pipeline vandalism which hit a record high of 228 pulverized points in July.

Sudan has received half of three billion dollars in aid promised by Saudi Arabia and the United Arab Emirates in April.

The Central Bank of Nigeria (CBN) on made an intervention of 311.5million dollar in the retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenored forwards segment of the inter-bank foreign market.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday raised the alarm over imminent scarcity of petroleum products in the country.

The implementation of the proposed reduction of the federal government’s equity holding in the joint ventures in the oil industry is one of the priorities of the Minister of State for Petroleum Resources, Timipre Sylva.

The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo on Thursday resolved to pump N100 billion into the National Livestock Transformation Plan.