The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from Monday following Dangote Refinery’s latest fuel ex-depot price reduction. The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST in an interview on Friday. This comes as…
Nigeria’s active crude oil rigs have increased from 44 last week to 46, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This growth reflects ongoing efforts to boost the country’s oil production capacity and attract greater investment into the sector. NUPRC Chief Executive Gbenga Komolafe announced this development during a recent workshop for media…
Nigeria’s trade with BRICS countries jumped to N5.41tn in the first quarter of 2025, more than three times higher than the N1.54tn recorded from exports to the United States. This was according to an analysis of data from the National Bureau of Statistics’ foreign trade statistics report. The significant rise shows a major shift in…
Dangote Petroleum Refinery has reduced its ex-depot price of premium motor spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre. The reduction comes a week after the refinery dropped its ex-depot price from N880 to N840 per litre. In a statement on Tuesday, Anthony Chiejina, Dangote Group’s spokesperson, said the…
The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit price. DAILY POST correspondent gathered that the NNPCL retail outlets in Abuja on Saturday slashed their petrol pump price to N910 per litre from N945. This was the case in NNPCL filling stations in Zone 6, Kubwa Expressway, Wuse Zone 4, and…
The Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre. Spokesman for the Dangote Group, Anthony Chiejina, confirmed the price adjustment to The PUNCH on Monday night, saying the new rate took effect on June 30. “PMS price has been reduced from…
President Bola Tinubu on Thursday signed into law four tax reform bills on key areas of Nigeria’s fiscal and revenue framework. The bills passed by the National Assembly were signed during a ceremony held at the Aso Rock Presidential Villa, Abuja. The government has announced that the implementation of the new tax laws will commence…
President Bola Tinubu has on Thursday signed the four tax reform bills recently passed by the National Assembly into law. Tinubu gave the presidential assent to the bills during a short ceremony at the Presidential Villa, attended by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President. The…
The Nigeria Export Processing Zones Authority, the Federal Government’s One-Stop-Shop Committee on Crude Sales in Naira, and the Dangote Refinery and Petrochemicals Free Zone Enterprise have agreed to fast-track the implementation of a presidential directive aimed at achieving full energy security through the naira-denominated sale of crude to local refineries. The strategic alliance, forged on…
The Nigerian National Petroleum Company (NNPC) Limited on Monday increased prices of fuel from N910 to N945 in Abuja and from N870 to N915 in Lagos. The new pump price increase reflects a N35 and N45 hike in the amount previously sold in Abuja and Lagos respectively. It was observed that some fuel stations in…