Fuel import: PPPRA engages central bank on forex for oil marketers

Fuel import: PPPRA engages central bank on forex for oil marketers

The Petroleum Products Pricing Regulatory Agency (PPPRA), Monday said it is engaging with the Central Bank of Nigeria (CBN) on ways to make foreign exchange accessible to private oil marketing companies seeking to import Premium Motor Spirit (PMS), also known as petrol, and other petroleum …..

FG offers discounted crude oil below $4 amid glut

FG offers discounted crude oil below $4 amid glut

In a desperate effort to offload and sell stranded barges of oil, the Federal Government, yesterday, offered oil traders huge discounts on Nigerian crude oil grades below the $10 mark, as glut and energy imbalance triggered by the coronavirus hit the oil industry. Latest prices …..

Oil prices rally as Nigerian crude sells below $10

Oil prices rally as Nigerian crude sells below $10

Oil prices showed signs of recovery Wednesday morning, modestly reversing some of the losses posted this week after storage in the U.S. rose less than expected. There are hopes that demand will go up as a couple of countries in Europe and some U.S. cities …..

30-04-2020

30-04-2020

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29-04-2020

29-04-2020

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Be ready to pay higher for fuel –PPPRA

Be ready to pay higher for fuel –PPPRA

Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place, the Petroleum Products Pricing Regulatory Agency said on Monday. The PPPRA is also engaging with the Central Bank of Nigeria to determine the applicable foreign …..

28-04-2020

28-04-2020

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27-04-2020

27-04-2020

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Twelve New Facts to Know About Current Oil Market, Price

Twelve New Facts to Know About Current Oil Market, Price

What is the current market price of Nigeria’s Bonny Light? The price of Bonny Light, Nigeria’s premium oil grade is currently hovering at $16.94 per barrel in the international market. Why the sudden rise in price, barely a week after it had dropped to as …..

25-04-2020

25-04-2020

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