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1 week ago | 
punchng.com | Okechukwu Nnodim |Solomon Odeniyi |damilola aina |Dare Olawin |Dele Ogunyemi
P’Harcourt, Warri, Kaduna refineries’ MDs arrested Kyari, 13 senior ex-NNPCL officials face probeThe Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities.
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Jan 18, 2025 | 
punchng.com | Okechukwu Nnodim |Dare Olawin
Oil marketers have declared that filling stations should not be blamed for the hike in the pump prices of Premium Motor Spirit, popularly called petrol, as queues for the commodity surfaced in various locations on Saturday. Many filling stations in Lagos, Ogun, Abuja, and Port Harcourt, among others, were closed on Saturday, as dealers explained that they were monitoring developments to make adequate price adjustments.
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Jan 17, 2025 | 
punchng.com | Okechukwu Nnodim |damilola aina |Dare Olawin
The pump prices of Premium Motor Spirit, popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners. Dealers confirmed that PMS prices would continue to rise since the major component in fuel production, crude oil, has been on the upward swing lately.
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Dec 6, 2024 | 
punchng.com | Okechukwu Nnodim |damilola aina |Dennis Naku
The Petroleum Products Retail Outlets Owners Association has concluded arrangements with the Dangote Petroleum Refinery to directly lift petroleum products for distribution to depots and retail outlets of PETROAN members nationwide. PETROAN announced this on Saturday as the Port Harcourt Refining Company reportedly commenced exporting low sulphur straight-run fuel oil, with its first shipment to Dubai, United Arab Emirates.
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Dec 3, 2024 | 
punchng.com | Okechukwu Nnodim |Olasunkanmi Akinlotan
Various court processes have stalled the grounding of about 60 private jets that operate in Nigeria without the payment of duties running into several billions of naira, it was gathered on Tuesday. On October 14, 2024, The PUNCH reported that the Federal Government, through the Nigerian Customs Service, would ground over 60 private jets owned by very important persons in the country over unpaid import duty beginning from that day.
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Nov 20, 2024 | 
punchng.com | Okechukwu Nnodim |Dirisu Yakubu |Dare Olawin
Electricity distribution companies have listed the conditions for accepting the National Assembly’s N500bn recapitalisation plan for each of the 11 Discos nationwide. This is as the distribution companies also said they were not under the control of the House of Representatives but the Nigerian Electricity Regulatory Commission.
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Nov 17, 2024 | 
punchng.com | Okechukwu Nnodim |Dare Olawin |damilola aina
The Dangote Petroleum Refinery has offered to supply 60 million litres of Premium Motor Spirit, popularly called petrol, to the Independent Petroleum Marketers Association of Nigeria weekly, which translates to 240 million litres monthly. It was gathered from the association that the refinery agreed to give 60 million litres of PMS to IPMAN members weekly, depending on patronage.
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Nov 15, 2024 | 
punchng.com | Okechukwu Nnodim |Dare Olawin
The Nigerian National Petroleum Company Limited and other marketers imported more than two billion litres of Premium Motor Spirit (petrol), within 42 days from October 1 to November 11, 2024. As dealers intensified the importation of PMS, Automotive Gas Oil (diesel), and Aviation Turbine Kerosene (jet fuel), domestic refiners opposed the development and called on the government to halt the issuance of import licences to marketers.
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Nov 14, 2024 | 
punchng.com | Okechukwu Nnodim |damilola aina
The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company Limited in collaboration with stakeholders, has raised crude oil production to 1.8 million barrels per day. The average price of Brent, the global benchmark for crude in 2024 is around $81 per barrel. This is slightly lower than the 2022 price of $101 per barrel, but relatively stable compared to the 2023 price of $82 per barrel.
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Nov 7, 2024 | 
punchng.com | Okechukwu Nnodim |Dare Olawin |damilola aina
Robert Dickerman, Managing Director/ Chief Executive Officer (CEO) of Pinnacle Oil and Gas Ltd The Standards Organisation of Nigeria and the Nigerian Midstream and Downstream Petroleum Regulatory Authority certify the imported Premium Motor Spirit, popularly called petrol, that is imported into Nigeria, oil marketers have said. They disclosed this on Thursday in response to claims by the Dangote Petroleum Refinery that off-spec petroleum products were imported into the country by dealers.
