FG clarifies: No immediate plan to implement 5% petrol surcharge
The Federal Government has assured Nigerians that it has no immediate plans to introduce the five per cent fuel surcharge provided for in the newly signed Tax Administration Act 2025.…
Fuel scarcity looms as PETROAN, NUPENG move to shut down operations over Dangote monopoly fears
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has issued a three-day forewarning of suspension of lifting and dispensing petroleum products, starting from the early hours of Tuesday.…
NNPC boss raises alarm: ‘Cabal after my life over oil sector reforms’
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC) Limited, Bayo Ojulari, has alleged that his life and those of his management team are under serious…
Report: NNPC boss Ojulari faces sack over deals with opposition-linked money laundering scandal
The tenure of Bashir Bayo Ojulari as Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited may be nearing an unceremonious end, TheCable has learnt. Despite…
Port Harcourt Refinery not for sale—NNPC clarifies
The Nigerian National Petroleum Company (NNPC) Ltd has ruled out sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The…
NNPC unveils ambitious plans for stock exchange listing by 2028
Bayo Ojulari, the group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, has announced plans for the company to be listed on the stock exchange by…
Dangote increases petrol prices to ₦880 per litre amid distribution efforts
Dangote Petroleum Refinery has raised its ex-depot price for premium motor spirit (petrol) to N880 per litre, marking a N55 increase from the previous rate of N825. Abubakar Shettima, national…
Tanker drivers in Lagos threaten to halt operations over e-call-up fee dispute
Tanker drivers in Lagos State are poised to cease loading petroleum products on Monday, citing the exorbitant N12,500 per truck fee for the E-Call Up system designed for the Lekki-Epe…
Dangote: Nigerians pay 55% less for petrol than neighbours
Aliko Dangote, President of the Dangote Group, emphasized the significant advantages of local petroleum refining during the visit of Omar Touray, President of the Economic Community of West African States…
Tinubu signs executive order to enhance cost efficiency, attract oil and gas investments
In a bold move to boost the nation’s oil and gas sector, President Bola Ahmed Tinubu has announced the Upstream Petroleum Operations Cost Efficiency Incentives Order (2025). This new Executive…