HydroCIS, a data provider, recently conducted a comprehensive analysis comparing the demand patterns for petrol and liquefied petroleum gas (LPG) in July 2023. The findings of this study have unveiled insights into the consumption trends of these two essential commodities, prompting further exploration into the underlying factors driving these fluctuations. According to the data provided…
Electric bikes have become more popular in the past year and if you have been thinking of buying one in Nigeria, then you have likely been doing your research. And while it’s easy to get caught up in all of the specs, features, and prices of the vast amount of electric bikes currently in the market,…
Fuel pump prices in Nigeria could see a reduction if global crude prices keep tumbling. This week, global crude prices have seen a reduction as the market reacts to weakening economic data out of China. It has been said that when global crude oil prices rise, fuel pump prices in Nigeria will rise as well….
In a significant move, the United Nations Children’s Agency, UNICEF, has unveiled plans to allocate a substantial sum of $270 million to reinforce Nigeria’s endeavors in humanitarian aid and poverty reduction. The commitment comes alongside the announcement of setting up an emergency operation center to manage crises effectively. During a meeting held in Abuja, UNICEF…
The Independent Petroleum Marketers Association of Nigeria ,IPMAN has urged the Federal Government to leverage homegrown technology to address the refining challenges in Nigeria’s petroleum industry. In an interview with NAN on Tuesday, Mr. Chinedu Anyaso, the Chairman of IPMAN’s Enugu Depot Community overseeing Anambra, Ebonyi, and Enugu States, expressed his commendation for President Bola…
Major and independent petroleum product marketers in Lagos State have shut down their dispensing outlets over speculation of possible hike in pump price of Premium Motor Spirit (PMS), commonly called petrol. Our correspondent reports that most filling stations have shut down while few in operation recorded unprecedented long vehicular queues. TotalEnergies outlet by Abule (Sheraton…
In spite of the immediate benefits of the Nigerian National Petroleum Company Limited ,NNPCL $3 billion commitment letter and term sheet for an emergency crude oil repayment loan, JOSEPH INOKOTONG writes on the need for full disclosure. The announcement by the Nigerian National Petroleum Company Limited (NNPCL) last week that it had secured a $3…
The days where you see a car owner comfortably sitting in his car with full tank of Fuel and the air conditioner on while he or his driver drives is gradually disappearing. The picture in vogue is a car owner and five persons clustered in a car, which windows are wound down for ventilation Economy&Lifestyle…
Some experts in the Oil and Gas industry have expressed concern that the cost of converting vehicles to use Compressed Natural Gas, CNG may not be affordable for many Nigerians. The experts, who spoke in separate media interviews said the government may have to subsidize the cost to encourage Nigerians to embrace the CNG as…
President Bola Tinubu has assured Nigerians that there will be no further increase in the pump price of petrol, despite the deregulation of the product. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, made this known in Abuja while briefing journalists after he had a closed-door meeting with the president on Tuesday….
