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Barely three weeks after raising the price of Premium Motor Spirit, popularly known as petrol, Nigerians were outraged when the Nigerian National Petroleum Company Limited on Tuesday adjusted the pump prices of the commodity, as…

The International Monetary Fund has reported that the naira is showing signs of stabilisation, attributing this to recent interest rate hikes and efforts by the Central Bank of Nigeria to address foreign exchange backlogs. The…

The Nigeria Labour Congress and the Organised Private Sector have called for the immediate reversal of the hike in the pump prices of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum…

Transportation costs are set to skyrocket in the Federal Capital Territory following the hike in the price of petrol by some stations of the Nigerian National Petroleum Company Limited in Abuja on Wednesday. The stations of the…

The Federal Government has denied a report suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited to sell fuel at N1,000 above the approved pump price. The report claimed…

Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country. The PUNCH reports…

The landing cost of Premium Motor Spirit, also known as petrol, was N1,117/litre as of Tuesday, July 16, 2024, the Major Energies Marketers Association of Nigeria announced on Wednesday. MEMAN disclosed this during a webinar…

The Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil, popularly called diesel, from N1,200/litre to N1,000/litre. It announced this in a statement issued on Tuesday by its…

The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. Punch reports. This came as Presidency warned currency speculators to desist from…

The naira has hit a record low at the parallel section of the foreign exchange market. The local currency closed at N1,415 on Thursday compared to N1,365 to the greenback exchanged on Wednesday, January 24, 2024. Currency traders,…