Nigerian National Petroleum Corporation (NNPC)
The goal of NIPCO Gas Limited to construct 35 CNG stations across the country has been accomplished, according to Nagendra Verma, its managing director.
Gabriel Ogbechie, the managing director of Rainoil Limited, says that the Nigerian government now pays about N600 billion monthly as a subsidy for petrol.
The Nigerian government has threatened to revoke the licenses of oil wells that have remained unused, saying that the country is losing about $30bn and oil output
The Dangote refinery has released a statement and video showing oil marketers lifting diesel at the facility as marketers demand a price crash from N1,250/ litre.
Cooking gas price is crashing from a high of N1,500 per kilogramme it sold a few weeks ago to N1,100 following the appreciation of the naira against the dollar.
The Nigerian National Petroleum Company Limited (NNPCL) has said it recoups all of its expenses from the products it brings into the nation, denying fuel subsidy.
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.
Nigerian National Petroleum Corporation (NNPC)
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