The Nigerian National Petroleum Company (NNPC) Limited has slashed the cost of refilling cooking gas across the country, as depots also make adjustments.
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Alhaji Aliko Dangote, praised NPA for efficiently implementing the Federal Government's policy on domestic sales of crude oil and processed goods in naira.
Barely 24 hours after Dangote Refinery reduced its ex-depot petrol prices to N820 per litre from N840, depot owners have responded with cost cuts.
Countries across Africa are preparing for the projected oil boom, and Nigeria is taking its position in the offshore production which is expected to take the lead.
The number of active oil rigs is a key indicator of the volume of oil exploration and production activities in the country. It has grown almost 500% in 4 years.
Dangote is expanding its operations by building a 1.6 million barrel fuel storage facility in Namibia to supply gasoline and diesel to Southern African markets.
Several days after Dangote Refinery reduced its ex-depot prices, marketers and filling stations have slashed their prices, selling below the refinery's rate
FG is working towards a cost-reflective tariff to address the N4 trn debt in Nigeria's power sector while ensuring energy security and sustainable economic growth.
Energy watchdog, the Energy Governance Alliance (EGA) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its outstanding revenue.
FG plans to implement cost-reflective tariffs and targeted subsidies to tackle N4 trillion power sector debt, ensuring long-term sustainability and energy security.
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