The Nigeria Employers’ Consultative Association (NECA) has expressed support for the Federal Government’s 15 per cent import tariff on petrol and diesel, saying it will strengthen the Naira, encourage investment, and boost domestic refining. Mr. Adewale-Smatt Oyerinde, NECA Director-General, said in a statement on Sunday that the policy is timely and essential for protecting local…
The Nigeria Customs Service (NCS) said on Friday it intercepted a tanker loaded with 60,000 litres of petrol, suspected to be diverted to the border area in the state. The tanker, suspected to be enroute to the border area for smuggling, was intercepted on the Jibia Road on September 30 by the NCS’s special…
The comptroller-general of the Nigeria Customs Service, Bashir Adeniyi, said Operation Whirlwind intercepted 39,425 litres of petrol worth N39.4 million within Lagos-Ogun axis. Mr Adeniyi disclosed this on Friday at a news conference in Lagos organised following recent petroleum product seizures by Operation Whirlwind at the Federal Operations Unit, Ikeja. Represented by the national coordinator…
Dr Titus Okunronmu, a former Director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Dangote Refinery for reducing pump price of petrol from N885 to N870. Okunronmu made the commendation in an interview with the News Agency of Nigeria (NAN) in Ota,Ogun on Tuesday. NAN reports that Dangote Refinery had on May…
Dangote Petroleum Refinery & Petrochemicals has assured Nigerians of petrol price stability despite ongoing fluctuations in global crude oil prices. The company emphasised its commitment to maintaining affordable and reliable fuel prices, even as crude prices rise internationally, nothing that despite the fluctuations in global crude oil prices, it has consistently reduced the price of…
Some Ibadan residents have expressed anxiety over an anticipated increase in prices of items following Dangote Refinery’s move to stop the transaction of petroleum products in Naira come March 31. The respondents shared their minds in separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Tuesday. A graphic designer, Mr Oluyemi Ojeyemi,…
The Forward Operating Base (FOB) Badagry of the Nigerian Navy has intercepted 13,800 litres of petrol and 71 bags of foreign rice in multiple operations along Badagry creeks. The Commanding Officer of FOB Badagry, Navy Captain Oyeleye Omotayo, in a statement on Sunday in Badagry, Lagos State, confirmed that the seizures occurred between March 7…
For the second time this month, Dangote Petroleum Refinery has again announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N890 to N825 per litre. This follows a N60 reduction earlier on February 1, a move aimed to provide relief to Nigerians, particularly during the Ramadan season,…
