Future of oil declining… it won’t last forever, Osinbajo warns

Future of oil declining… it won’t last forever, Osinbajo warns

Vice-President Yemi Osinbajo has said the profitability of Nigeria’s oil is gradually declining. Speaking during the second national council on Niger Delta meeting held in Akure, Osinbajo said the planThe post Future of oil declining… it won’t last forever, Osinbajo...
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Trouble looms for Nigeria as China plans to ban petrol, diesel vehicles

Trouble looms for Nigeria as China plans to ban petrol, diesel vehicles

China, world’s biggest car market, plans to ban the production and sale of diesel and petrol vehicles, further threatening the future profitability of oil — Nigeria’s major revenue source.  The post Trouble looms for Nigeria as China plans to ban petrol...
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Reduction of petrol by N2 ridiculous – PENGASSAN

Reduction of petrol by N2 ridiculous – PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria had described as ridiculous the reduction of the price of... Read » Reduction of petrol by N2 ridiculous – PENGASSAN on YNaija ...
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Is petrol still subsidized?

Is petrol still subsidized?

PETROLEUM marketers  have announced, in their communiqué of  August 29, 2017, that they would commence mass retrenchment, unless government pays their over $2bn outstanding invoices, and also settles interest charges, on delayed payment and related exchange...
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BREAKING: NNPC ‘crashes petrol, cooking gas prices’ nationwide

BREAKING: NNPC ‘crashes petrol, cooking gas prices’ nationwide

The Nigerian National Petroleum Corporation (NNPC) says sustained strategic intervention in the efficient supply and distribution petroleum products has led to significant fall in the prices of premium motor spiritThe post BREAKING: NNPC ‘crashes petrol,...
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Petrol prices to fall, says Kachikwu

Petrol prices to fall, says Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Thursday said that owing to the competition inherent in the Premium Motor Spirit (PMS) price modulation, the product’s prices will crash  in the next four to six months. He urged Nigeria...
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‘Why Nigeria may phase out diesel, petrol vehicles’

‘Why Nigeria may phase out diesel, petrol vehicles’

If Nigeria that depends greatly on revenue from oil is to ban the use of petrol and diesel vehicles, it amounts to suicide if nothing crops up to take the place of oil in the national revenue matrix. ...
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NSCDC nets 71,500 litres of adulterated petrol in A’Ibom

NSCDC nets 71,500 litres of adulterated petrol in A’Ibom

Kunle Falayi and agency report The Nigerian Security and Civil Defence Corps in AkwaIbom has impounded 71, 500 litres of adulterated petrol at an illegal petroleum dump site in Ikot-Udoma, Eket Local Government Area. The NSCDC Commandant in the state, Mrs.Obia...
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UK to ban sale of petrol and diesel cars by 2040

UK to ban sale of petrol and diesel cars by 2040

Britain said Wednesday it will outlaw the sale of new diesel and petrol cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough. ...
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France to end sales of petrol, diesel vehicles by 2040

France to end sales of petrol, diesel vehicles by 2040

France will end sales of petrol and diesel vehicles by 2040 as part of an ambitious plan to meet its targets under the Paris climate accord, new Ecology Minister Nicolas Hulot announced Thursday. “We are announcing an end to the sale of petrol and diesel...
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