Petrol Scarcity Set To Worsen As NNPCL Admits $6bn Debt To Petrol Suplliers
Oil giant Nigeria National Petroleum Company Limited (NNPCL) yesterday admitted that its financial strain may affect the sustainability of petrol supply. Its admittance came on the heels of reports that it is indebted to suppliers to the tune of about $6 billion. According to the reports, supply agents have been reluctant to make the product […]
Dangote Refinery Prepares To Roll Out Petrol
The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. Industry sources confirmed to our correspondent that the product would hit the market soon. The sources, who pleaded anonymity, […]
Federal Government Sets To Shut Culpable Filling Stations as petrol hits N1,000/litre
Many filling stations operated by independent oil marketers have now fixed the pump prices of Premium Motor Spirit, popularly called petrol, at between N900 and N1,000/litre. Owners of these stations seem not to care about the cost of the product at retail outlets operated by the Nigerian National Petroleum Company. Petrol prices at NNPC stations […]
Breaking News: Residents Raise Alarm As Fire Guts Sterling Bank PLC In Oju-Ore, Ota
Report reaching VOA News right now has it that fire is currently razing Sterling Bank PLC at Baby’O, Ota in Ado-Odo/Ota local government area of Ogun state. According to a source, who confirmed the incidence to our Correspondent, said that cause of the fire accident is still unknown as at the time of providing the […]