Diesel Prices Hit N545/litre

LAGOS MARCH 7TH (NEWSRANGERS)-The price of Automotive Gas Oil, popularly known as diesel, is currently sold at N545 in some fuel stations across Lagos. This is an increase of over 113% from the N225 which the commodity was for sold in January 2021. This was confirmed from findings made by Nairametrics on Saturday across fuel…

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Passengers Experience Massive Flight Disruption As Fuel scarcity Hits Airlines

LAGOS MARCH 3RD (NEWSRANGERS)-Passengers have been experiencing massive flight disruptions over scarcity of aviation fuel known as Jet A1, Daily Trust report. Apart from the scarcity, the product also hit N440 per litre this week and there are indications the price could increase further in days ahead. Our correspondent learnt that many airlines have been…

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Shell’s Gas To Power Nigeria’s Biggest Fertiliser Company

  LAGOS  MARCH 3RD (NEWSRANGERS)-Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners – Nigerian National Petroleum Corporation Limited (NNPC), Totalenergies EP Nigeria Limited, and Nigerian Agip Oil Company (NAOC) – on Wednesday signed an agreement for a daily supply of 70 million standard cubic feet of…

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Oil Prices Jumps Above  $105 Per Barrel After Russia Attacks Ukraine

LAGOS FEBRUARY 24TH (NEWSRANGERS)-Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another…

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Nigeria Loses Over N200bn As Clearing Agents Protest Bites Harder

LAGOS FEBRUARY 24TH (NEWSRANGERS)-Protests by freight forwarders and customs brokers at the Lagos Port, which began at the weekend, may have cost the country over N200 billion as port activities remained paralysed as of yesterday evening. Port expert and President of National Council of Managing Directors of Licensed Customs Agents, Mr. Lucky Amiwero, told New…

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