FG orders marketers to reflect global oil price drop in PMS prices
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline…
Cooking gas prices ease as supply improves
Households across parts of Nigeria are beginning to experience relief as retail prices of Liquefied Petroleum Gas, popularly known as…
Petrol Price: FG orders NMDPRA to end profiteering by oil marketers
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure that petroleum marketers do…
Nigeria earns N20trillion from five-month crude exports
Nigeria exported an estimated 148.9 million barrels of crude oil valued at about N20.22tn in the first five months of…
NMDPRA grants new import permits to seven oil marketers
Nigeria’s downstream petroleum regulator has approved a fresh round of fuel import permits for major oil marketers as concerns grow…
Cooking gas imports rise as FG tackles price surge
Liquefied Petroleum Gas (cooking gas) marketers imported 16,642.66 metric tonnes of LPG within the first 19 days of June as…
Nigeria flares 77billion standard cubic feet of gas amidst rising LPG prices
Nigeria flared approximately 76.92 billion standard cubic feet of natural gas between January and May 2026 amidst rising Liquefied Petroleum…
Oil slumps to lowest price since US-Iran conflict
Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an…
Oil exports drive Nigeria’s current account surplus to $4.98bn
Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven…
Oil prices tumble further as US,Iran sign peace pact
The United States and Iran have signed a deal to end the Middle East war, with a ceremony set for…