Nigeria’s Debt to Gasoline Suppliers Doubles to Over $6 Billion

Nigeria’s debt to gasoline suppliers has more than doubled since April, reaching over $6 billion as the state oil firm NNPC struggles to manage the disparity between fixed pump prices and international fuel costs. Despite President Bola Tinubu’s removal of fuel subsidies last year, NNPC capped pump prices due to public outcry over the rising […]

Nigeria’s Fuel Imports Slump as NNPC Grapples with Payment Backlogs

naija247news.com - 05/Jul 23:52

LAGOS, July 5 – Nigeria’s debt to suppliers of Premium Motor Spirit (PMS), commonly known as petrol, has surged past $6 billion, doubling since...

The NNPC is Becoming More Efficient and the Signs are Positive

mockinbird.com.ng - 12/Jul 13:39

Recent criticisms of the Nigerian National Petroleum Corporation (NNPC) fail to account for the complexities and challenges the organization has...

World Bank Loan Boosts Nigeria’s Foreign Reserves by $1.4 Billion

africa.com - 01/Jul 18:04

Nigeria’s foreign reserves increased by $1.4 billion in June, reaching $34.14 billion, according to data from the country’s Central Bank. With...

Egypt’s Fuel Pricing Committee to convene soon to decide on gasoline prices

egyptindependent.com - 05/Jul 03:10

The Petroleum Products Pricing Committee, which is responsible for monitoring fuel prices in Egypt and linking them to global markets, is scheduled to...

Russians warned about rising petrol prices 06:56

socialbites.ca - 04:26

Gasoline prices in Russia will rise by September; fuel prices at gas stations will rise by 5-10% compared to July. This forecast was given to...

NNPC Retail Debunks ‘Lubricants-for-Petrol’ Claims

businessjournalng.com - 05/Jul 15:32

The attention of NNPC Retail Limited has been drawn to a recent video clip making rounds on social media (X to be precise) concerning a fuel pump...

Police Man Attempts Murder Over Payment Dispute At Petrol Pump; Arrested

zeenews.india.com - 16:12

Petrol Pump Fuel Dispute: A police driver has been booked for attempt to murder after he dashed into a petrol pump employee and drove with the man on...