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NSE All-Share Index drops further by 0.22 per cent

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LAGOS - Activities on the Nigerian Stock Exchange (NSE) on Wednesday remained on a downward trend with the All-Share Index dropping further by 0.22...

Price Stability: Expert commends CBN for adopting “float’’ exchange rate mechanism

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Lagos- A financial expert, Mr Sewa Wusu, on Wednesday commended the Central Bank of Nigeria (CBN) for adopting the ``float’’ exchange rate mechanism to ensure...

Oil stakeholder expresses optimism over gradual rebound of crude oil price

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LAGOS - Mr Seyi Gambo, a former Publicity Secretary of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN), on Thursday said that the...

Oil price: Reps’ committee to meet Okonjo-Iweala on 2015 budget

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Abuja-The House of Representatives on Wednesday set up a special committee to meet the Minister of Finance, Dr Ngozi Okonjo-Iweala, over the sliding oil...

South Africa’s Sasol signals dividend cut on low oil price

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By Zandi Shabalala and Ed Stoddard JOHANNESBURG (Reuters) - South African petrochemicals company Sasol signalled it could cut its dividend to save cash due to the...

Council chairman urges petrol marketers in Ogoja to comply with N87...

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Ogoja- Mrs Rita Ayim, Chairman, Ogoja Local Government Area, Cross River, has urged petroleum products dealers in the area to sell petrol at N87...

Petroleum marketer slashes price of kerosene to N110 per litre

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KANO - Alhaji Auwalu Rano, a major independent petroleum marketer in Kano, has slashed price of kerosene from N140 to N110 per litre. The Manager,...

International crude oil price crucial to Nigeria’s stock market growth in...

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LAGOS - The Association of Stockbroking Houses of Nigeria (ASHON) on Monday said that developments in the global crude oil market remain a critical...

NLC canvasses for N50 petrol pump price

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ILORIN - Mr Faruq Akanbi, Chairman of the Nigeria Labour Congress (NLC), Kwara Chapter, on Monday advocated the reduction of the pump price of...

How Fashola got it wrong on fuel price

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By Ngozi Okonjo-Iweala ‎ There have been a number of comments and opinions expressed on the pump price of Premium Motor Spirit (PMS) since its announced...

Diesel price cannot be reduced under current exchange rate — MOMAN

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LAGOS - The Major Oil Marketers Association of Nigeria (MOMAN) on Friday said that the pump price of diesel can not be reduced, until...

Slide in oil price: Solid minerals can save the economy, says...

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ABUJA - The Miners Association of Nigeria (MAN) said on Wednesday in Abuja that solid mineral remained the alternative to the nation’s economic success...

Oil price recovers as dollar weakens against euro

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LONDON - Oil prices steadied above 48 dollars a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro. Brent crude...

Naira devaluation increases drug price – Pharmacist

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ABUJA - Mr Osasogie Eboigbe, a Pharmacist with Biogenerics Nig. Ltd., said on Tuesday that the recent devaluation of Naira had increased the cost...

New pump price: NSCDC seals 10 petrol stations in Ondo State

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AKURE - The Nigeria Security and Civil Defence Corps (NSCDC), Ondo State Command, says it has sealed 10 filling stations for failing to sell...

HURIWA lauds FG for reducing petrol pump price

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ABUJA - A Non-Governmental Organisation, Human Rights Writers’ Association of Nigeria (HURIWA) on Wednesday lauded the Federal Government for reducing the pump price of...

Marketers in Kebbi sell petrol above pump price

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BIRNIN KEBBI - In spite of the reduction in the pump price of premium motor spirit from N97 to N87 per litre, independent petroleum marketers...

New fuel price: DPR seals 10 petrol stations in Kwara

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Ilorin- The Department of Petroleum Resources (DPR) on Tuesday shut down 10 petrol stations in Ilorin, the Kwara capital, for refusing to dispense fuel at...

Price Reduction: Motorists decry closure of petrol stations

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PORT HARCOURT - Some motorists in Port Harcourt on Tuesday decried the scarcity of petrol, following the N10 reduction in the pump price of...

Petroleum marketers defy directive on N87 pump price

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SOKOTO - Petroleum marketers in Sokoto and its environs have continued to retain the N97 old pump price of petrol, contrary to the N87...