Electricity tariffs: Atiku Says Increase Ill-timed And Ill-advised
Former Vice President Atiku Abubakar has aired his displeasure at the newly increased electricity tariffs, where he called the increment ill-timed and ill-advised. He disclosed...
Tag : #OilPrice
PPMC Announce New Petrol Pump Price Of N151.56 Per Litre
The Pipeline Products Marketing Company (PPMC) has announced a new petrol pump price of N151.56 per litre. In a brief internal memo with ref: “PPMC...
Oil Prices Steady As Storms Close In On Gulf Of Mexico
Crude oil prices remained steady, on Monday, as storms closed in on the Gulf of Mexico, shutting more than half the region’s oil production. Although,...
Royal Dutch Shell Reportedly Cut Down Assets Value By $22bn
Royal Dutch Shell is writing down the value of its assets by as much as $22 billion as lower oil prices push the Anglo-Dutch company...
NNPC Tells Partners, Suppliers To Bring Down Costs To 40%
Management of the Nigerian National Petroleum Corporation (NNPC), says it has directed all its partners and suppliers to bring down their cost to between 30...
Oil Price Rises To $40 As Optimism Mounts On Production Cuts
Oil price rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts...
Stop Fleecing Nigerians, Reduce Fuel Price to N70 -PDP Tells FG
The Peoples Democratic Party (PDP) which is the major opposition party in Nigeria, has released a statement asking the Federal Government to stop fleecing Nigerians...
Oil Prices Fall As U.S. Fuel Demand Remains Weak
Oil prices edged lower on Friday after the U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions...
Why FG Won’t Allow Marketers To Wholly Determine Price Of Petrol
The Honourable Minister of State for Petroleum Resources, Chief Timipre Marlin Sylva, on Thursday, explained that the need to protect the generality of the public...
Production Cut: Sylva Expresses Appreciation To Saudi Arabia
The Honorable Minister of State for Petroleum Resources, H.E. Timipre Marlin Sylva has expressed his appreciation to the Government of Saudi Arabia over its recent...
US Oil Prices Crashes, Ends Negative For The First Time In History
US oil prices have crashed on Monday 20th April 2020, to a record low, as demand continues to plummet over the continued and compulsory stay...
OPEC-Russia Meeting To Discuss Oil Market Crisis Postponed
The OPEC and Russia meeting scheduled for Monday 6th April 2020 to discuss supply cut and the oil market crisis, has been moved to 9th...
FG Announces A Further Reduction In Pump Price Of PMS To N123
The Federal Government has announced a further reduction in the pump price of the Premium Motor Spirit (PMS) to N123.50 per litre, as the international...
NNPC Assures Nigerians Of More Than 60-days Fuel Sufficiency
Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of a 60-day fuel sufficiency as the country battles the coronavirus epidemic, where the corporation urged Nigerians...
FG Slashes The Pump Price For Petrol To N125 Per Litre
The Federal Government of Nigeria on Wednesday 18th March 2020, announced the reduction in the pump price of Petrol to N125 per litre. This new...
Crude Oil Prices Plunge To $26 Per Barrel
Oil prices have again plunged further, as it sells for as low as $26 a barrel for the first time in almost 18 years. This...
Crude Prices: UAE To Join Saudi Move To Flood The Market
The United Arab Emirates (UAE) is reported to be backing the move by Saudi Arabia to flood the market with product, as the price war...
Oil Price Jumps To $38 Per Barrel As Russia Eyes OPEC Meeting
The world over the weekend, woke up to witness one of the biggest fall in the international crude oil price in nearly 30 years, as...
Oil Price Drops To $30 As Saudi Arabia Launches Price War
The international crude oil price has crashed to more than 34%, lowest in four years, to sell for $27.34 a barrel, as Saudi Arabia takes...