Author: Friday Omosola

Long queues have resurfaced at fuel stations across Nigeria following the Nigerian National Petroleum Corporation’s (NNPC) recent fuel price hike. The New Daily Prime reports that the NNPC raised its pump price from ₦617 to ₦897 per liter on Tuesday, due to the corporation’s massive $6.8 billion debt to international suppliers. While some NNPC stations implemented the new prices immediately, independent filling stations were selling fuel between ₦930 and ₦950 per liter as of Tuesday. By Wednesday and Thursday, the prices had skyrocketed, with some independent stations selling fuel for over ₦1,000 per liter. The sudden increase left many commuters…

Billionaire Femi Otedola has highlighted the transformative impact of starting petroleum production at the Dangote Refinery in Lagos. On Tuesday, Aliko Dangote, President of the Dangote Group, announced the official production of petrol at the facility, which has a capacity of 650,000 barrels per day, during a press conference. He proudly stated that the quality of the Dangote Refinery’s Premium Motor Spirit will match that of the United States and other parts of the world. Mr. Dangote indicated that the release of petrol to the public would depend on an impending agreement with the Nigerian National Petroleum Company Limited (NNPC),…