Motorists and businesses across Nigeria are facing another increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol, following fresh price adjustments by refiners, depot operators, marketers, and the Nigerian National Petroleum Company (NNPC) Limited. The latest increase has pushed petrol prices in several parts of the Federal Capital Territory (FCT) and […]
Motorists in parts of Nigeria’s capital have encountered closed pumps and empty forecourts at several MRS filling stations after a week-long disruption in petrol supply, highlighting the immediate effects of recent changes in the country’s downstream petroleum market. Field observations by LMSINT MEDIA indicate that multiple MRS retail outlets across Abuja and surrounding areas have […]
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For years, successive government interventions have sought to restore free movement along Lagos’ Apapa and Kirikiri corridors. Yet, long queues of petroleum tankers continue to dominate the roads, slowing commercial activities, delaying cargo movement, and leaving commuters trapped in hours of traffic. Industry stakeholders say the recurring congestion is no longer simply a traffic management […]
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Security forces have intensified efforts to combat crude oil theft in the Niger Delta after uncovering a suspected illegal crude oil refining site hidden inside the Orashi National Forest in Rivers State. The operation, carried out in Ahoada West Local Government Area, led to the recovery of equipment believed to have been used for illicit […]
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Shell’s $5 billion Bonga North Deep Offshore investment underscores Nigeria’s position as a top oil and gas destination, boosted by fiscal reforms and strategic incentives. Nigeria Welcomes Shell’s $5 Billion Oil and Gas Investment A significant development has bolstered Nigeria’s oil and gas sector: Shell’s $5 billion Final Investment Decision (FID) for the Bonga North […]
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Oando’s Q3 2024 results paint a picture of resilience and transformation in the face of adversity. Despite facing a 5% production decline due to sabotage and theft, the company achieved a remarkable 36% revenue growth, hitting ₦3.2 trillion. These results showcase Oando’s ability to navigate turbulent waters, leveraging strategic acquisitions and operational efficiencies to maintain […]
