GISTSMATE MEDIA reports that the Nigerian National Petroleum Company Limited (NNPCL) has said that it will sell the petrol lifted from the Dangote Refinery at a price above N1,000 per litre in the far north. NNPC spokesperson, Olufemi Soneye, disclosed this on Monday, in a statement titled, āNNPC Ltd Releases Estimated Pump Prices of PMS…
Dangote Petroleum Refinery says the claim by the Nigerian National Petroleum Company (NNPC) Limited that the refiner sold petrol at N898 per litre is misleading. In a statement on Sunday by Dangote Group, the company described the statement by NNPC as āmischievousā. GISTSMATE MEDIA earlier reported that NNPCL said it purchased fuel at N898 per…
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it purchased fuel at N898 per litre from the Dangote Refinery in Lagos. This disclosure was made by Olufemi Soneye, Chief Spokesperson of the NNPCL. According to Soneye, the NNPCL loaded over 70 trucks with premium motor spirit (PMS), also known as petrol, from the…
Trucks belonging to the Nigerian National Petroleum Corporation Limited on Sunday began loading loading Premium Motor Spirit, popularly known as petrol from the Dangote Refinery in Lagos State. Dangote Group posted videos showing loading of the product on its X handle on Sunday. The tweet attached to the videos read, āFirst set of trucks set…
Iwo, an ancient town in Osun State, is said to be the most populous local government area in the state, according to the 2006 Nigeria National census figures of 191,348. It has over 30 traditional rulers, all under the Oluwo of Iwoland, Oba Abdulrasheed Adewale Akanbi, as the only Consenting Authority and first-class paramount ruler…
Hopes for cheaper Premium Motor Spirit (PM), otherwise known as petrol, rose, last night, as indications emerged that the product may sell for between N857 and N865 per litre after the Nigerian National Petroleum Corporation Limited (NNPCL) starts lifting the product from Dangote Refinery today. It was learnt that the NNPCL, as the sole off-taker…
A surge in fraudulent activities across banking platforms in Nigeria led to a loss of N42.6 billion by Nigerian banks in three months between April and June this year. This was revealed by the Financial Institutions Training Centre (FITC) in its Q2 2024 Fraud and Forgeries report just released. Without adding the Q1 record, the…
The Federal Government has started selling crude oil to local refineries and buying petroleum products using Naira. This move will help reduce pressure on the Naira, lower extra costs and make fuel more available. This was disclosed in a statement on X by The Federal Ministry of Information and National Orientation on Saturday, September 14….
The loading of Premium Motor Spirit (petrol) from Dangote Refinery for local consumption will commence on Sunday, September 15. The Presidential Committee on the Sale of Crude Oil and Refined Products announced this at the end of its meeting in Abuja on Friday night. The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji,…
Liberiaās Vice President, Jeremiah Kpan Koung, has praised Nigerian banks for their significant contributions to Liberiaās economic growth. Speaking at the 17th Annual Banking & Finance Conference in Abuja, Koung noted that Nigerian investors own four out of eight commercial banks in Liberia, increasing market competition and efficiency. The four Nigerian-owned banks in Liberia are…