254 firms Bid to Buy Nigerian Crude

Not less than 254 indigenous and foreign owned entities submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil term contracts. The opening of the bids was beamed live on a national television network. It was also witnessed by officials of the Department of Petroleum Resources (DPR), Nigeria Extractive Industries Transparency Initiative ...

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Nigerian Students Enforce sale of fuel at N145 per Litre

…Vow to Clamp Down on Stations Selling Above Official Pump Price Following failure of the Department of Petroleum Resources (DPR) to stop illegality in sales of petrol across Nigeria, The National Association of Nigerian Students (NANS) on Tuesday took it upon themselves to stop impunity of those it described as criminally minded marketers, by visiting erring filling stations, compelling them ...

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Fuel Crisis in Nigeria: Ekiti Residents Accuse DPR Task Force of Bribery

..Decry Continuous Fuel Price Hike in the State …Call on Governor Fayose to Step in Residents of Ekiti State of Nigeria have decried the continuous sale of fuel across the state above federal government’s official pump price, blaming the Department of Petroleum Resources (DPR) of complicity and corruption. The accusation was made by several callers to an Ekiti State FM ...

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Nigerian Vehicle Franchisees, Manufacturers Panic,  as Sales Stagnate

MANNY PHILIPSON The persistent decline in sales volume of new vehicles year-on-year could prompt fresh round of rationalization and unprecedented upsurge in the price of new automobiles, stakeholders warned. They are worried that the combined new vehicle deliveries have continued to plunge, from more than 50, 000 units sold in 2014 to less than 10,000 units at the close of ...

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Revenue: Nigerian Customs Service Hopes To Exceed Record of 2017

The Nigeria Customs Service (NCS) has expressed the hope to exceed 2017 record of revenue collection performance in 2018, appealing for support from all Nigerians. The Public Relations Officer, Mr Joseph Attah, told newsmen on Friday in Abuja that the NCS received Federal Government support in 2017 “and this would translate to more patrol vehicles and equipment to perform even ...

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4501 Loaded Petrol Tankers Vanish In December

…As NNPC Insists that Fuel Price Remains at N145 per Litre The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru said 4501 petrol trucks were simply untraceable, vanishing from the Nigerian radar, during the biting fuel supply crisis. “Due to massive diversion, hoarding, panic buying and smuggling, coupled with the information that three Direct Sales Direct ...

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Fuel Scarcity: Nigerian Gov. Shut Down Over 80 Petrol Stations

More than 80 petrol filling stations have been shut in Delta state for selling above official price and hoarding. The stations were sealed by Department of Petroleum Resources (DPR), Warri Zonal Office, since fuel scarcity begun in December, 2017. Mr Antai Asuquo, the Warri Zonal Operations Controller, said on Wednesday in Warri that the filling stations were sealed in Warri, ...

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Petrol Scarcity: Buhari summons Kachikwu, Baru, DSS, Others

Presidency on Tuesday in Abuja summoned critical stakeholders in the nation’s oil sector and the leadership of security agencies in the country over the fuel scarcity crisis, which lingered through Christmas celebration in Nigeria. The News Agency of Nigeria (NAN) reported that the meeting, presided by the Chief of Staff to the President, Alhaji Abba Kyari, was held behind closed ...

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Nigerian Soldier Arrested for Hijacking Petrol Tanker

The Police Command in Oyo State of Nigeria has arrested a soldier serving at 81 Battalion, Makola, Ibadan, for allegedly hijacking a fuel-laden truck along Akobo, Iwo road. The Commissioner of Police in the state, Mr Abiodun Odunde, made the disclosure in Ibadan while presenting the suspects to newsmen at the command’s headquarters in Ibadan on Friday. Odunde said that ...

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