DPR fines oil marketer N1.2bn for petrol diversion

The Department of Petroleum Resources (DPR), said it fined one oil marketing company, A.Y. Maikifi, based in Kano, the sum of N1.2 billion for diverting 115 truckloads of the products Mr. Mohammed Saidu, Head, Public Affairs Unit, DPR Abuja Zone, disclosed this in Abuja, on Wednesday while addressing newsmen. He said that about 162 truckloads of Premium More...

by Uchenna Ajah | Published 6 days ago
By Uchenna Ajah On Monday, February 12th, 2018
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Petrol: NSCDC arrests station manager in Nasarawa

The Nigerian Security and Civil Defence Corps (NSCDC) has arrested Mr. Kasim Lamido, the manager of Lamido Petroleum, a filling station in New Nyanya, Nasarawa State, for diverting 26,000 litres of petrol. Petrol More...

By Uchenna Ajah On Saturday, February 10th, 2018
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DPR seals fuel stations in Niger

The Department of Petroleum Resources (DPR) has sealed at least 13 fuel stations in Niger State for selling petrol above government approved price of 145 Naira. Some were also sealed for hoarding the product. This More...

By Uchenna Ajah On Saturday, February 10th, 2018
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Nigeria, Angola set to open giant oilfields

Nigeria and Angola, two Organization of Petroleum Exporting Countries (OPEC) member countries – will bring giant oil fields online this year, testing their commitment to cap output amid a global push to curb More...

By Uchenna Ajah On Wednesday, February 7th, 2018
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DPR shuts down fuel stations over pump price in Kano (PHOTOS)

The Department of Petroleum Resources (DPR) has clamped down on two petrol stations for selling at N218 which is above the approved pump price in Kano. See more photos below; .CHANNELS TV TweetPrint  More...

By Uchenna Ajah On Monday, February 5th, 2018
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Oil prices continue declines from last week

Oil prices on Monday extended declines from the end of last week amid a wider market sell off and a stronger dollar, with Brent crude falling to its lowest in nearly a month.. Oil prices continue declines from last More...

By Uchenna Ajah On Sunday, February 4th, 2018
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Stop controlling petrol distribution, RTEAN tells FG

Road Transport Employers Association of Nigeria (RTEAN), has urged the Federal Government to stop controlling the distribution of petrol and ensure end to products scarcity in the country. Alhaji Musa Isiwele, More...

By Uchenna Ajah On Sunday, February 4th, 2018
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Fuel scarcity: NNPC deploys 870m litres of PMS

The Nigerian National Petroleum Corporation (NNPC) said it has deployed a total of 870 million litres of Premium Motor Spirit (PMS) popularly known as petrol to cater for the needs of Nigerians. The Corporation’s  More...

By Uchenna Ajah On Friday, February 2nd, 2018
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Lack of crude forces Kaduna refinery closure – NNPC

Kaduna oil refinery has temporarily shut down because of a lack of crude, the Nigerian National Petroleum Corporation (NNPC) said on Thursday. Reuters reports that “ NNPC is now making arrangements to supply More...