Breakdown of petrol landing cost in Nigeria
*NO WONDER THEY DO NO WANT DANGOTE REFINERY.
Here’s a breakdown of the costs that make up the landing cost of Premium Motor Spirit (PMS), also known as petrol, in Nigeria, totaling N1107 per liter:
1. FOB cost: N434.322. Freight!-->!-->!-->!-->!-->!-->!-->…
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Aradel Holdings Announces Support for Young Professionals
By Adaobi Rhema Oguejiofor
Aradel Holdings, a leading independent integrated Oil & Gas firm, has announced its support and participation at the upcoming Young Professionals (YP) Port Harcourt Mentoring Programme.
The!-->!-->!-->!-->!-->!-->!-->…
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OPEC clears Dangote, details real reason for Nigeria’s high fuel costs
The Organization of Petroleum Exporting Countries, OPEC clarifies concerns in Nigeria over increased fuel prices, where local oil producers like Dangote Refinery have faced scrutiny.
OPEC urges a change in perspective regarding the!-->!-->!-->!-->!-->…
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NNPC Authorizes Major Marketers to Lift Petrol from Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPC) has authorized major marketers to lift petrol from Dangote Refinery, but independent marketers remain excluded. The new arrangement raises concerns over pricing and access,!-->!-->!-->…
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Truck with NNPC inscription caught with stolen crude?
FILE: NNPC distribution truck.
A truck with the logo of the Nigerian National Petroleum Company Limited has been confiscated by security agents for conveying stolen crude oil in the Niger Delta.
The truck was among several other!-->!-->!-->!-->!-->…
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Production of new low-sulphur crude hits 996,070 barrels – FG
Olufemi Soneye
The daily average production of Utapate, Nigeria’s new low-sulphur crude oil grade, has risen to 32,000 barrels per day, the Federal Government has said.
It disclosed this in a report obtained on Wednesday from the!-->!-->!-->!-->!-->…
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Yoruba Stakeholders Assembly Lauds NNPC’s Efforts At Stabilizing PMS Price
A socio-cultural group, Yoruba Stakeholders Assembly, has reacted to the recent misinformation surrounding the pricing of Premium Motor Spirit (PMS) in the country, commending the efforts of the Nigerian National Petroluem Company at!-->!-->!-->…
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Valuechain Appoints Gabriel Mbaga As Member, Editorial Advisory Board
H.E. Gabriel Mbaga Obiang Lima
By Adaobi Rhema Oguejiofor
Former Minister of Finance, Equatorial Guinea, His Excellency, Mr. Gabriel Mbaga Obiang Lima, has been appointed to join the Valuechain Editorial Advisory Board, effective!-->!-->!-->!-->!-->…
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Onuesoke Faults NNPC Over Middleman Role Between Dangote Refinery, Marketers
A Peoples Democratic Party (PDP) chieftain, Chief Sunny Onuesoke who is the former Delta State gubernatorial aspirant, has faulted the Nigeria National Petroleum Company Limited (NNPC) over what he said is their middleman role in the!-->!-->!-->…
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CBN To Re-introduce Controversial Cybersecurity Levy
The Central Bank of Nigeria (CBN) has disclosed its intention to re-introduce and enforce the payment of the controversial Cybersecurity Levy on electronic transactions by Nigerians.
The CBN made this known in its Monetary, Credit,!-->!-->!-->!-->!-->…
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