By Hussein Olanrewaju Joe Ajearo, President of the Nigeria Labour Congress (NLC), has openly criticized the ongoing clash between the Nigeria National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery, attributing the turmoil to alleged government policy inconsistencies and fraudulent activities by certain vested interests. Speaking to journalists at the Murtala Muhammed Airport Terminal…
By Hussein Olanrewaju The Nigeria Employers’ Consultative Association (NECA) has praised the recent agreement between the Federal Government and Dangote Refineries regarding the sale of Premium Motor Spirit to Nigerian National Petroleum Corporation Limited (NNPC). NECA believes this deal could end petrol scarcity and reduce the pressure on foreign exchange demand in the country. In…
Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery, as they noted that the landing cost of imported PMS is now about N1,120/litre. Dealers stated that a high PMS price from the Dangote refinery would lead to the importation…
The Nigerian National Petroleum Company Limited has commenced the supply of crude oil for the test-running of the Port Harcourt Refining Company Limited, the NNPCL officials told The PUNCH on Sunday. Oil marketers confirmed the development and stated that the plant would supply refined Premium Motor Spirit, popularly called petrol, Automotive Gas Oil, otherwise known…
The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol, oil marketers stated on Sunday. It was also gathered that the sharp rise in crude oil price to about…
