The Nigerian Petroleum Products Marketers Association of Nigeria has announced a plan to reduce the premium motor spirit price from Monday following Dangote Refinery’s latest fuel ex-depot price reduction. The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST in an interview on Friday. This comes as […]

Financial experts and economists have raised concerns over Nigeria’s N149.39 trillion debt profile at the end of the first quarter of 2025 without a commensurate impact on the country’s infrastructure, economy, and the well-being of citizens. The Debt Management Office debt figure released last Friday showed that Nigeria’s debt stock increased by N27.72 trillion, or […]

Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre. This comes as petroleum product marketers plan an emergency meeting to drop fuel prices from Tuesday. The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST during an exclusive interview on […]

The Federal Competition and Consumer Protection Commission (FCCPC) is set to arraign MultiChoice Nigeria Limited Chief Executive Officer, John Ugbe and other executives of the firm for impeding its investigation and failing to comply with lawful summons. This is according to a charge sheet marked FHC/ABJ/CR/197/2025, filed by the FCCPC legal team led by Barrister […]

Again, the financial transparency of the Nigerian National Petroleum Company Limited is under public scrutiny over missing N210 trillion in its 2017-2023 audited financial statements. On Wednesday last week, at a session of the Senate Committee on Public Accounts chaired by Aliyu Wadada, the Nigerian public was blown open to the missing N210 trillion on […]

The Nigerian National Petroleum Company Limited, NNPCL, has increased its premium motor spirit price. DAILY POST correspondent who went round NNPCL retail outlets in Abuja on Monday gathered that the state-owned oil firm has jerked up the fuel pump price to N945 per litre from N895. This was the case in NNPCL filling stations along […]

Following the United States of America strike, which hit Iran’s three nuclear sites—Natanz, Isfahan, and Fordo, on Saturday, the global oil prices are expected to spike further in the coming days. US President Donald Trump on Truth Social described the attack as a ‘spectacular military success.’ He added, “Key nuclear enrichment facilities have been completely […]

The Nigerian Senate on Wednesday, raised an alarm over the missing N210 trillion in the Nigerian National Petroleum Company Limited audited financial statement from 2017-2023.DAILY POST in this report outlined basic information that Nigerians need to have about the missing money. Why is there’s missing N210tn in NNPCL-CFO Segun The Chairman of the Senate Committee […]

Fear has gripped petroleum product marketers and retailers as Dangote Refinery fixed August 15, 2025, to begin distribution of premium motor spirit and automotive gas oil (diesel) nationwide. This comes as Dangote Refinery at the weekend announced a plan to begin distribution of petrol and diesel nationwide. DAILY POST reports that part of the refinery’s […]

Global oil prices experienced an immediate spike after Israel announced an attack on Iran as tension escalated in the Middle East region, sparking fear of a Premium Motor Spirit price surge in the Nigerian local market. This is the case as prices of Brent, NYMEX Light Sweet, and West Texas Intermediate (WTI) crude futures were […]