The Dangote Refinery said it has exported Premium Motor Spirit (petrol) to four African countries including Cameroon, Angola, Ghana, and South Africa.
https://www.youtube.com/watch?v=Z9ttLLtYKw4
The Nigerian National Petroleum Company (NNPC) Limited has announced that there has been no change in the price of premium motor spirit (PMS), petrol and diesel at its retail stations.
The International Monetary Fund (IMF) has urged the federal government to fully eliminate subsidies for fuel and electricity, highlighting that these financial supports are not only expensive but also ineffective in benefiting the populations most in need of assistance.
Nagendra Verma, the Managing Director of Nipco Gas Limited has said that fuel costs N620 per litre in Abuja, meanwhile compressed natural gas for cars in Abuja costs N213 per scm (standard cubic meter).
The price of petrol skyrocketed from N187 to N500 per litre, and then to N617 and many motorists could no longer afford to fill their tanks.
The Nigerian government is working hard to seek dollar supplies from foreign investors as exchange rate volatility persists in the Wake of Naira Unification
Private firms in Nigeria will have the opportunity to import fuel starting from June 2023, as the Nigerian National Petroleum Company Limited (NNPCL) plans to end crude oil swap contracts and switch to cash payments for fuel imports.
The December 2022 Handbook of Statistics by UNCTAD has shown that fuels made up 47% of Africa's exports in 2021
NNPC has raised an alarm over the decision of most of the refineries supplying petrol to Nigeria shutting down their operations due to clamour for green energy.
The Nigerian National Petroleum Corporation Group has urged Nigerians to disregard rumours of petrol shortages and not engage...
Yemi Osinbajo, the Vice-President of Nigeria has called for the right for Africa to manufacture its own vaccines...
