We’ve fully Recalled Dirty Fuel in Circulation – NNPC
By Adeniyi OnifadeThe Nigerian National Petroleum Corporation (NNPC) said it has completely recalled all the contaminated fuel in the domestic market with high methanol quantities that was discovered to have been imported into the!-->!-->!-->!-->!-->…
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Fuel Price Hits N750 Per Litre In Katsina
It’s not the best of times for motorists and residents of Katsina State as the scarcity of Petrol Motor Spirit (PMS) has forced the price of a litre to rise to N750.The development has forced the major highways and streets that!-->!-->!-->!-->!-->…
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scarcity persists as many petrol stations remain shut in Lagos
The NNPC has called for patience, saying normalcy would return soonThe fuel scarcity that hit Lagos, Abuja and other cities across the country last week is yet to be resolved as Nigerians continue to queue for hours at petrol!-->!-->!-->!-->!-->…
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FG Rejects 2 Cargoes of Adulterated Petrol Imported From Belgium
Ship STI SYMPHONYFollowing the circulation of adulterated petrol in Nigeria, which damaged vehicle engines last week, the federal government has turned back two tankers carrying petrol loaded in Antwerp, Belgium, and destined for!-->!-->!-->…
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Mele Kyari Deserves Our Standing Ovation
“The deeds you do may be the only sermon some persons will hear today” - St Francis of AssisiPetroleum is a vital source of energy and essential raw material in the manufacturing process all over the world. Nigeria’s demand!-->!-->!-->!-->!-->…
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Oil Marketers Strategize To Weaken NARTO’s Strike Threat
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it is engaging the services of the Association of Distributors and Transporters of Petroleum Products, (ADITOP) to weaken threat by the National Association of!-->!-->!-->…
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NUPENG alleges plan to divert N621b road repairs fund
...Demands halt to disbursement, threatens industrial actionThe Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has alleged unscrupulous move by state governments, Federal Ministry of Works and Housing officials and!-->!-->!-->!-->!-->…
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Bad fuel: IPMAN, DAPPMA’s price war worsens scarcity
*Pump price rises to N180 per litre
*Petrol supply to stations’ll soon normalise – FG
*As technical, other committees begin workThere were indications, yesterday, that the nation’s petrol shortage would worsen this week,!-->!-->!-->!-->!-->!-->!-->!-->!-->…
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After $23bn earnings in 2021, ExxonMobil initiates $10bn share repurchase program
By YANGE IKYAA
Exxon Mobil Corporation has recorded earnings of $8.9 billion in the fourth quarter of 2021, or an equivalent of $2.08 per share assuming dilution.This resulted in full-year earnings of $23 billion, or $5.39 per!-->!-->!-->!-->!-->!-->!-->…
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Fuel Adulteration in Nigeria and Its consequences
Fuel adulteration is an illegal introduction of any foreign substance into any product leading to the non-compliance with its standard specification. Fuel adulteration is rampant in most developing countries of the world.There has!-->!-->!-->!-->!-->…
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