Udeme Akpan

1 week ago | nigeriaworld.com | Udeme Akpan

Downstream sector operators have adjusted the prices of Premium Motor Spirit (PMS), also known as petrol, and other petroleum products due to the continued fall in crude oil prices. The downward adjustments, Vanguard gathered, was also driven by competition as local producers battle imported products. According to Petroleum Price NG, Nipco and Rainoil adjusted their pump prices to N841 per litre from over N842 per litre.

2 weeks ago | nigeriaworld.com | Udeme Akpan

THE Nigerian National Petroleum Company (NNPC) Ltd has sacked many senior staff members, as Bayo Ojulari, the new boss moves to effect major changes in the organization. Checks by Vanguard, yesterday, showed that those affected included Bala Wunti, former chief of National Petroleum Investment Management Services (NAPIMS), Ibrahim Onoja, managing director of the Kaduna Refinery and Lawal Sade, the chief compliance officer and former managing director of NNPC Trading.

2 weeks ago | allafrica.com | Udeme Akpan

Nigeria's gas output has jncreased 15,6 percent month-on-month, MoM, to 227,931.65 million standard cubic feet, mscf, in March 2025. But on year-on-year, YoY basis, the nation's gas output recorded a marginal increase to 227,931.65 mscf in March 2025, from 198,353.62 mscf, recorded in the corresponding period of 2024.

4 weeks ago | nigeriaworld.com | Udeme Akpan

In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per litre, marking a 3.5 per cent decrease. This price adjustment follows the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks.

1 month ago | nigeriaworld.com | Udeme Akpan

THE price of Nigeria’s Bonny Light yesterday dropped to $69.90 per barrel from more than $75 per barrel in the global market, indicating a decrease of 6.8 percent. The development was fuelled by announcement of sweeping new tariffs by US President Donald Trump and the decision of the Organisation of Oil Producing Countries, also known as OPEC+ group, to increase its unwinding of output cuts in May 2025, expected to increase supply to the market.