Global shipping fleet braces for chaos of $60bn fuel shock

Little more than 2 1/2 years from now, the global fleet of merchant ships will have…

CBN to sell dollars to fuel importers, airlines

The Central Bank of Nigeria (CBN) said on Tuesday it will offer dollar forwards to be…

Shell to fuel world’s first LNG-powered Aframax tankers

Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the…

Court jails another fuel subsidy fraudster 10 years

An Ikeja Division of the Lagos High Court has convicted Rowaye Jubril and his company, Brila…

Adeosun, Kyari, Kachikwu on FG’s committee to ensure fuel remains at N145/ltr

The federal government has set up a committee to see to the coordination of Petroleum Equalisation…

Adeosun, Kyari, Kachikwu on FG’s committee to ensure fuel remains at N145/ltr

The federal government has set up a committee to see to the coordination of Petroleum Equalisation…

Modular refineries, panacea to fuel importation, says IPMAN scribe

  The National Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Danladi Pasali, on Friday said…

Heavy fuel oil spill reaches Australia’s Sydney Harbour

Some 150 litres of heavy marine fuel oil reached Australia’s Sydney Harbour at Gore Bay, Greenwich, following an…

Make fuel available for Christmas, NUPENG boss tasks FG

President, National Union of Petroleum and Natural Gas Workers (NUPENG), Igwe Achese has advised President Muhammadu…

Fuel import consumes 30% of Nigeria’s forex – Adeosun

The Minister of Finance, Mrs Kemi Adeosun, on Friday said that 30 per cent of the…

Man found in Sapele river says he crashed when ‘fuel finished in his private jet’

A man, who confessed to newsmen that he was ‘flying’ from Benin Airport, Edo State, to…

Airlines decry low passenger traffic, high cost of fuel

Some domestic airlines in Nigeria have decried “continuous decline in passenger traffic” and increasing cost of…