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Oil Prices Soar, As Middle East Tensions Heat Up

Oil prices rose on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the...

Iran’s Oil Trade with China Stalls, as Tehran Demands Higher Prices

China's oil trade with Iran has stalled as Tehran withholds shipments and demands higher prices from its top client, tightening cheap supply for the...

Dangote Refinery to Begin Distribution of Diesel

The Dangote Petroleum Refinery has received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum...

Fuel Import: FG Lauds private Sector over CNG Initiative

Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has praised the private sector for its role in advancing the country’s compressed natural gas...

Oil Rises on Red Sea Tanker Attack, Re-Routings

Oil rose more than 1% on Monday as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions,...

Fuel : Tinubu Announces Rewards, Says Subsidy Removal Stops Nigeria from Going Under

President Bola Ahmed Tinubu has promised Nigerians worthy rewards for their sacrifices and pains, following the removal of fuel subsidy. In his maiden democracy Day...

Inject Fuel Subsidy Savings into Automobile Credit Scheme, Expert Tells Tinubu

To cushion the effect of Fuel subsidy removal on Nigerians, President Bola Ahmed Tinubu has been advised to make locally assembled/manufactured commercial vehicles affordable...

Gas Plant Explodes Near Lagos-Ibadan Expressway

An explosion has been reported near the Redeemed Christian Church of God (RCCG) along the Lagos-Ibadan expressway. According to eyewitnesses, the explosion is from a...

Why Fuel Scarcity May Persist in Nigeria – IPMAN

Unless the Federal Government pays independent marketers their bridging claims to enable them to begin lifting petroleum products from the depots,...

Fuel Pump Prices Rise Faster than Crude in US

Fuel prices in the US have surged faster than crude oil prices in the last month, as the country shipped more...

Analysis: Nigeria, Angola Responsible For Almost Half of OPEC+ Oil Supply Gap

Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen...

Ukrainian Civilians Queue for Fuel Due To Shortages

Millions of other Ukrainian civilians likely face several weeks – possibly longer – of fuel disruptions due to Moscow's attacks on...

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Our Mandate is to Make Chery Number One Vehicle in Nigeria-Joseph Omokhapue, Sales Director, Carloha

Another Motor Show held in Lagos last weekend. A bit different from the usual, 2024 Lagos Motor Show featured, this time around, classic and...

Carloha Shines with Chery at Lagos Motor Show

Amidst exhilaration and funfare, Carloha Nigeria, the nation’s authorized dealer of Chery vehicles, put up a brilliant display of the brand’s line of vehicles...

African Auto Makers Make Case for Nigeria’s Auto Policy, as VW Pledges to Return

OPEYEMI OLOTU African Automotive Manufacturers have assured Nigerian government of their readiness to invest in the country once the nation’s National Automobile Industry Development Plan...