In a significant development for motorists and the economy, petroleum marketers across Nigeria have announced a reduction in the pump price of Premium Motor Spirit (PMS),...
The development comes as global oil prices surged nearly 3 per cent over the past week, driven by escalating geopolitical tensions in the Middle East, particularly
The Transmission Company of Nigeria (TCN) has disclosed that it is owed a staggering N457 billion for services rendered within the Nigerian Electricity Supply Industry (NESI)...
Nigeria, Africa’s largest oil producer, imported N1.19 trillion worth of crude oil in Q1 2025 due to insufficient domestic supply to local refineries, according to the...
Crude oil prices held their ground on Monday despite a slight dip, as markets remained buoyed by hopes of progress in ongoing U.S.-China trade negotiations. Traders...
In early 2025, we experienced a major shift,” said Olivier Lassagne, CEO of Mocoh, in an interview with Platts. “We lost much of our petrol business...
In a strategic move that signals intensifying competition in Nigeria’s petroleum sector, the Nigerian National Petroleum Company (NNPC) Limited has reduced the pump...
