Economy

Petrol rose 55% to N257/litre in January - National Bureau of Statistics

Many Nigerians are still paying far above N185 per litre approved pump price of petrol amid fuel scarcity, a report of the National Bureau of Statistics has indicated. The members of the Major Oil Marketers Association of Nigeria, and NNPCL Retail outlets, sold the product at N185 per litre to consumers, while members of the Independent Petroleum Marketers Association of Nigeria on the other hand…
Read more
Energy

Addax workers start strike, oil production sheds 22,000bpd

Workers of Addax Petroleum Development Nigeria have embarked on strike in protest against anti-labour practices by the firm, causing possible reduction in Nigeria’s crude oil production by 22,000 barrels per day. Addax, owned by China’s Sinopec Group, has four Oil Mining…