FEC Approves Continuation Of Naira-for-crude Initiative
The Federal Executive Council has formally ordered the full implementation of the previously suspended Naira-for-Crude agreement with local refiners. The Minister of Finance Wale Edun at a meeting with representatives of the Dangote Refinery yesterday said the naira-for-crude initiative is still in effect and will continue for as long as it aligns with the public […]
Federal Government Bans 60,000 Litres Petrol Tankers from March 1
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has banned 60,000 litres petroleum tankers from operating on Nigerian roads, effective March 1, to mitigate truck-in-transit incidents. Its Chief Executive, Ahmed Farouk, announced the ban yesterday, while briefing newsmen shortly after its Stakeholders Technical Committee Meeting, where he added that by the fourth quarter of […]
