Nigerian National Petroleum Corporation (NNPC)
Some filling stations have started reducing petrol prices as the naira strengthens against the US dollar, offering hope to Nigerians battling with inflation.
The Nigerian government has said that crude oil producers in the country must prioritize local refineries before exporting the product to other countries.
The federal government, through the Nigeria Upstream Petroleum Regulatory Commission, has enforced new regulations requiring oil producers to sell their crude oil.
Libya overtook Nigeria as Africa's biggest oil-producing country for the month of March, with Nigeria coming second with 1.23mbpd of crude oil daily.
NIPCO Gas announced the completion of four new gas stations in Lagos to begin the sale of compressed natural gas to motorists in the state at a reduced cost.
Over 30 crude oil cargoes belonging to Nigeria are reportedly waiting for buyers in the international market as they go for crude oil from a rival African country
The Bola Tinubu administration has not abandoned the flotation of the naira and is not defending it like previous administrations, Reno Omokri has said.
Oil marketers are pushing for a diesel price review with the Dangote refinery, based on the current price of N1,225 and N1,300, at which it sells the product.
Cooking gas, sometimes referred to as liquefied petroleum gas, or LPG is now more expensive at N14,150 for a 12.5 kilogram, a 38 per cent YoY increase.
Nigerian National Petroleum Corporation (NNPC)
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