Nigeria Suffers Oil Export Challenges As Shell, Eni Declare Force Majeure
Shell Plc and Eni SpA have announced that they are declaring a force majeure on key oil flows. This move could disrupt supplies and is worrying investors, who are already…
Federal Government Raises Petroleum Product Freight By 25% As NNPC Announce IOCs’ Divestment From Nigeria
Alhaji Yusuf Othman, the national president of the Nigerian Association of Road Transport Owners (NARTO), has announced that the Federal Government has approved a 25 percent increase in freight rate…
Marketers to pay between N6-12 million fine for hoarding petrol. NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that fuel stations that are frustrating the Federal Government’s efforts to address the distribution gap in petrol will face…
Nigerians To Pay More for Petrol as NNPC Introduce Charges
There are strong indications that the official price of gasoline may rise above N200 per liter. The Nigerian National Petroleum Company Limited (NNPC)has implemented a N500,000 Ship-to-Ship Coordination Charge for…