The Major Oil Marketers Association of Nigeria (MOMAN) has recommended a gradual price deregulation for Premium Motor Spirit (PMS) to reduce the subsidy burden on the nation. MOMAN said the move should be supported with targeted palliatives in areas such…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and Association of Distributors and Transporters of Petroleum Products (ADITOP) have urged their members not to sell Premium Motor Spirit (PMS) above N165 per litre. This is coming after some members of…
Nigeria’s energy solutions provider, Oando has finally released its long-anticipated full-year 2019 and 2020 financial statements. The company confirmed the development in a statement issued on its website on Wednesday. The statement said the three-year delay in the release of…
The Federal Government says the 13 billion dollars Trans Sahara Gas Pipelines (TSGP) project will present a huge opportunity for Nigeria, Niger and Algeria to tap into the European markets. The project, which would run from Nigeria through Niger Republic…
No agreement in sight between the Federal Government and marketers over how much Premium Motor Spirit (PMS) also called petrol should sell. While the government insists on official N165 per litre as stipulated in the petroleum product pricing template, Depot…
Fuel queues on Monday resurfaced in most parts of Lagos State following the decision of some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to shut down their operations. Mr Akin Akinrinade, Chairman, IPMAN, Lagos Satellite Depot, Ejigbo,…
The Organisation of the Petroleum Exporting Countries (OPEC) and the Ministry of Oil of Iraq have launched a history book titled ‘OPEC 60 years and beyond: A story of courage, cooperation and commitment.’ The launch took place in Iraq on…
The Presidential Amnesty Programme (PAP) in the Niger Delta says it has sent additional 450 ex-agitators to train in oil spill response, clean-up and remediation. Its Interim Administrator, retired Col. Milland Dikio, said in a statement issued in Yenagoa on…
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, has underscored the vital role that cooperation and multilateralism could play in the future of OPEC and the energy industry. Barkindo made this known on…
By Uthman Salami The Nigerian Association of Road Transport Owners (NARTO) has commended the Federal Government over the upward review of the freight rate for Premium Motor Spirit (PMS). The President of the Association, Alhaji Yusuf Othman, disclosed last week…
