Premium Motor Spirit

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Top Five Nigerian Oil Companies By Revenue Market Share

Despite the scarcity of Premium Motor Spirit (PMS) in 2022, which led to some retailers shutting down their outlets, the revenue generated by the oil sector grew by 32.61 per cent. According

Fakoyejo Olalekan

2 years ago

Business

Nigeria Becomes Africa’s Highest Generator Importer, Electricity Firms Face Financial Challenge

Nigeria has been listed as the highest importer of Premium Motor Spirit (PMS) and diesel generators in Africa by the International Renewable Energy Agency (IRENA). Also, IRENA disclosed that Nigerians spend more

Fakoyejo Olalekan

2 years ago

Fuel Scarcity: I'm Sorry, Buhari Tells Nigerians

Business·Oil & Gas

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

Despite filling stations selling Premium Motor Spirit (PMS) between N230 and N250, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said the government has no intention of increasing fuel price.

Fakoyejo Olalekan

2 years ago

Fear Of Price Hike Forces NNPC To Increase Supply To Oil Marketers

Business·Oil & Gas

Petrol To Sell For N462 Per Litre, NNPC Reveals

The cost of petrol could rise to N462 per litre without subsidy, the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, revealed. Currently, the federal

Fakoyejo Olalekan

2 years ago

Business

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government spent N283 per litre of Premium Motor Spirit (PMS) as fuel subsidy. This means Nigerian government

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

FG Sends Agencies To Shutdown Filling Stations Selling Petrol Above N165

Filling stations selling Premium Motor Spirit (PMS) above N165 will lose their license of operation, the Nigerian government, as its agencies commence joint inspection of retailers in Abuja. The threat followed statement

Fakoyejo Olalekan

2 years ago

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Top Five Nigerian Oil Companies By Revenue Market Share

Nigeria Becomes Africa’s Highest Generator Importer, Electricity Firms Face Financial Challenge

Nigerian Petrol Regulator Addresses Fuel Price Hike, As Litre Sells For N250

Petrol To Sell For N462 Per Litre, NNPC Reveals

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

FG Sends Agencies To Shutdown Filling Stations Selling Petrol Above N165

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