Oil prices gained more than 2% on Wednesday; buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested stronger demand. Brent crude oil futures were up $1.68, or 2.44%, at $70.48 a barrel by 9:54 a.m. ET (1454 GMT). U.S. West Texas Intermediate crude…
Dangote Petroleum Refinery has trimmed N25 off the gantry price of Premium Motor Spirit (PMS), dropping its ex-depot rate from N799 to N774 per litre in a move set to heighten competition in Nigeria’s downstream market. The refinery notified marketers of the adjustment on Tuesday, confirming that the new nationwide price takes immediate effect. “This…
OPEYEMI OLOTU Nigeria’s heavy-duty truck market has a bold new contender. Versat Automobile Limited has officially stormed the automotive landscape with the launch of C&C Trucks, signaling a major shake-up in commercial transportation for logistics, construction, mining and infrastructure players across the country. Founded in 2024, Versat Automobile Limited is stepping into the market with…
OPEYEMI OLOTU The National Automotive Design and Development Council (NADDC) has fired a bold shot across the bow of Nigeria’s public service landscape with the official launch of its Service Charter, a move widely seen as a turning point for transparency, efficiency and customer-focused governance in the automotive sector. Unveiled on February 6, 2026, the…
