Tag: local refining

Petrol marketers retain old prices despite N95 Gantry reduction by Dangote Refinery

Business Damilola Bayonle -
The Nigerian fuel market is experiencing a striking disparity as petrol marketers retain old prices, even after a significant...

MAN applaud 15% import tariff on petrol, diesel as a patriotic boost for local refining

Business Damilola Bayonle -
The Manufacturers Association of Nigeria (MAN) has endorsed the Federal Government’s approval of a 15 per cent import tariff...

OPEC tells Nigerian producers to stop crude exports

Business Damilola Bayonle -
The Organisation of Petroleum Exporting Countries (OPEC) has urged Nigerian oil producers to stop exporting crude oil and instead...

Tinubu’s 15% import duty on petrol and diesel: Impact on average Nigerians and economy

Business Damilola Bayonle -
President Bola Tinubu’s approval of a 15% import duty on petrol and diesel has set the stage for another...

CBN pumps $1.25bn into fuel import to stabilise market and strengthen Naira

Business Damilola Bayonle -
In a move aimed at ensuring steady fuel supply and stabilising the downstream petroleum market, the Central Bank of...

Shun imported fuel: Reno Omokri champions local refining to boost Nigeria’s economy

Business Damilola Bayonle -
Former presidential aide and social commentator Reno Omokri has called on Nigerians to shun imported fuel and embrace products...

Naira-for-Crude Policy Under Review: Finance Minister, NNPCL Meet

News Damilola Bayonle -
The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to...