The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited to ensure it is not sold at a higher price than imported fuel. IPMAN argues that such a disparity would be counterproductive to the nation’s drive for energy…
The Nigeria National Petroleum Company Limited has released another version of the breakdown of the estimated price of petrol bought from the Dangote refinery. GISTSMATE MEDIA earlier reported that in a statement on Monday morning, the NNPC gave a chart breakdown of the refined petrol product it bought from the refinery on Sunday, September 15….
Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points. This represents the second consecutive monthly slowdown in inflation after easing in the previous month. This is according to the Consumer Price Index (CPI) report published by the National Bureau…
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, ‘NNPC Ltd Releases Estimated Pump Prices of PMS…
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…
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…
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,…
Liberia’s Vice President, Jeremiah Kpan Koung, has praised Nigerian banks for their significant contributions to Liberia’s 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…
GISTSMATE MEDIA reports that the Federal Government of Nigeria has disclosed that N625 Billion has been given to states through NG-CARES Scheme. Abdulkarim Obaje, the national coordinator of the Nigeria COVID-19 action, recovery and economic stimulus (NG-CARES), says about N625 billion has been disbursed to all 36 states through the scheme. Obaje spoke on Thursday…
