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Fuel scarcity in Nigeria: Obiano Hails Stanel Group’s Steadfastness

Governor Willie Obiano of Anambra State has commended the Chairman of Stanel Group, Mr Stanley Uzochukwu, for fuel availability, accurate metre and for maintaining official pump price of N145/litre in Awka while other stations either have no product or selling above N185/litre in the wake of fuel scarcity in the country. Stanel World, Akwa is witnessing unprecedented crowd and queue ...

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Nigerian National Petroleum Corporation Uncovers 144 Trucks of Hoarded Petrol

Security agents and Nigerian National Petroleum Corporation (NNPC) monitoring team have discovered 144 trucks of petrol not streamed by some marketers in Kano. The NNPC Group General Manager, Public Affairs Division, Ndu Ughamadu, made this known in a statement in Abuja on Friday. Ughamadu stated that the team was set up to rapidly end petroleum products supply gaps in parts ...

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Ekiti Fuel Marketers Dare NNPC, Adjust Metres above N145 per litre

As against several appeals to Nigerians that the federal government has no plans to increase pump price of petroleum motor spirit (PMS) in the country, many independent fuel marketers in Ekiti state from Wednesday adjusted their pump to prices ranging between N150 per litre to N165 per litre, above the supposed official maximum price of N145 per litre. Motoring World’s ...

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Dangote Plans to Crash Fuel pump Prices in Nigeria

Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He said that the refinery would lower the prices of ...

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Unremitted $250m: Nigerian Lawmakers Give Oil Firms 2 Weeks Ultimatum

Nigeria’s lower legislative chamber’s (House of Representatives) Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to Federal Government’s coffers. Jerigbe Agom, the Chairman of the committee, gave the ultimatum at the ongoing sitting over unremitted funds in the industry. According to the Chairman, Nigeria ...

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Luxurious Sedan, Kia Stinger set to make Nigeria Debut

Kia Motors Nigeria is set to introduce the revolutionary and uniquely built luxurious sedan, Kia Stinger to the market in 2018. As contained in a statement released on Tuesday, the company’s decision was buoyed by the brand’s continued offering of what it describes as best-in-class premium sedans. “The appealing style of Kia Stinger,” it states, “set the world aflutter with ...

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Lagos-Ibadan rail line to be completed in 2018

… As Amaechi, Ambode Agree on demolition of Jibowu, Costain Bridges in Lagos The Nigeria’s Minister of Transportation, Rotimi Amaechi, has said that the Lagos-Ibadan standard gauge rail line would be completed in December 2018 and set for commissioning in Jan 2019. Amaechi said this during the end of the year news briefing and inspection of Lagos-Ibadan standard gauge rail ...

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Lagos-Nigeria’s Tourism Sector Gets Backing of Private Sector

…As Sponsors Queue Up For One Lagos Fiesta The drive by the Lagos State Government to create a private sector driven tourism economy has earned the full confidence of multinational companies, notable entrepreneurs’ business owners and managers alike across the State. This was the general consensus at a stakeholders review meeting held with sponsors of the Lagos Street Carnival and ...

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Weststar Nigeria Ends Distributorship of Jeep, Fiat, Chrysler, Others

…Says New Nigerian Franchise Dealer to be Announced Soon F ollowing Weststar’s plans to consolidate and expand the Mercedes-Benz business in Nigeria, Weststar Associates Limited and FCA have agreed to mutually terminate its distributorship agreement, effective from Monday, 5th December 2017. According to Mr. Mirko Plath, Managing Director/CEO, Weststar Associates Limited,the mutual arrangement between both parties,“ said is in line ...

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