Nigeria misses OPEC quota, produces 1.38m bpd in March
In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.
Petrol queues resurface in Abuja over fear of price hike, scarcity
Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. The News Agency of Nigeria (NAN) reports that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on Sunday. A private car owner, Mr […]
Gas feedstock sales to NLNG rises to $486.77m
By Obas Esiedesa Revenue from gas feedstock sales to Nigeria LNG Limited rose marginally by 0.12 per cent in the first eight months of 2021 to $486.77 million compared to $486.17 million recorded over the same period last year. Latest reports by the Nigerian National Petroleum Corporation, NNPC, showed that feedstock sales to NLNG in […]
Fuel scarcity: IPMAN constitutes task force to check hoarding — Official
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has constituted a taskforce to check hoarding of products by fuel station operators. The Chairman of IPMAN, Kano Zone, Alhaji Bashir Danmallam, made the disclosure on Monday in Kano in a statement issued to newsmen. He said that the task force would work in collaboration with the […]
Fuel Supply: Don’t panic, NNPC tells motorists, others
The Nigerian National Petroleum Corporation (NNPC) has advised the public not to engage in panic buying of Premium Motor Spirit, commonly known as petrol. The NNPC said it was also not aware of any plan by government to cause an increase in the pump price of petroleum. A statement on Monday by Garba Muhammad, Group […]
FG has no plan to raise petrol pump price, says NMDRA
By Obas Esiedesa – Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDRA) on Friday disclosed that there is no imminent plan by the Federal Government to raise the pump price of premium motor spirit (petrol). The Chief Executive Officer of the Authority, Engr. Farouk Ahmed in a statement in Abuja cautioned oil marketers […]
