Industry

Hours after reports that the price of liquefied natural gas, also known as cooking gas, will increase in the coming days, the retail price of the commodity has risen to N800 per kilogram, findings have shown. Stakeholders in the…
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Following the recent hike of the Premium Motor Spirit (PMS), also known as Petrol or fuel after the removal of the subsidy by President Bola Tinubu-led government, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has…
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A breakdown shows that the Port Harcourt, Kaduna, and Warri refineries gulped $25bn in Turn Around Maintenance in the last six years However, a new report showed that Nigeria had spent billions of dollars on the maintenance of its…
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MRS Oil Nigeria Plc, a Nigerian firm focused on oil marketing and predominantly owned by the affluent entrepreneur Sayyu Dantata, has unveiled its financial outcomes for the initial six months of 2023. The results showcase a remarkable…
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...VAT suspension will cushion the harsh economic effects of the fuel subsidy removal Taiwo Oyedele, the Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms has told President Bola Tinubu to suspend Value Added…
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*Say “We Are Going to Try” *President Bola Ahmed Tinubu sat with Ngozi Okonjo-Iweala to discuss some of the challenges Nigerians are facing *One of the subjects of discussion was the impact of the rising price of petrol across…
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L-R Mr Emmanuel Omuojine, Managing Director, Rainoil Gas; Dr Gabriel Ogbechie, Group Managing Director (GMD); Mrs Godfrey Ogbechie, Group Executive Director, Rainoil Ltd. and Dr Jude Nwanlune, Managing Director, Rainoil Logistics…
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Despite rising investments in conventional oil and gas exploration, discovered volumes are falling to new lows. That’s what Rystad Energy research shows, the company highlighted in a new release sent to Rigzone, adding that its…
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Image Source: The Street Journal Nigeria’s demand for Premium Motor Spirit (PMS), otherwise known as petrol, from Europe fell by almost 30 per cent as a result of the scrapping of fuel subsidy by President Bola Tinubu. This is…
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A military coup in Niger leading to the overthrow of the democratic government which has forced the shuttering of borders has ended planned exports of Nigerian petrol across the continent as demand decreases at home. Prior to…
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