News
Imported toxic fuel recalled—NMDPRA
Nigerian Midstream, Downstream petroleum regulatory authority has admitted the presence of toxic fuel in some petrol depot and filling stations in Nigeria. In a statement issued by the regulator it said “The Nigerian Midstream and Downstream Petroleum Regulatory Authority (The Authority) wishes to inform the general public that – limited quantity of Premium Motor Spirit (PMS), commonly known as Petrol, with methanol quantities above Nigeria’s specification was discovered in the supply chain.
“Methanol is a regular additive in Petrol and usually blended in an acceptable quantity. To ensure vehicular and equipment safety, the limited quantity of the impacted product has been isolated and withdrawn from the market, including the loaded trucks in transit. Our technical team in conjunction with NNPC Ltd and other industry stakeholders, will continue to monitor and ensure quality petroleum products are adequately supplied and distributed nationwide.
The source supplier has been identified and further commercial and appropriate actions shall be taken by the Authority and NNPC Ltd. NNPC Ltd and all Oil Marketing Companies have been directed to sustain sufficient distribution of Petrol in all retail outlets nationwide. Meanwhile, NNPC has intensified efforts at increasing the supply of Petrol into the market in order to bridge any unforeseen supply gap”.
-
Economy2 days agoBayelsa bans illegal mining activities
-
Finance2 days agoCBN confirms 82 BDCs fully licensed under revised guidelines
-
Economy2 days agoMiners kick against northern governors’ proposed ban on mining activities
-
Uncategorized2 days agoCentral bank body BIS raises concerns of gold and stocks double bubble
-
News22 hours agoNASS members vow to delay Tinubu’s 2026 budget over constituency projects funding
-
Uncategorized2 days agoVisiting US lawmaker say rescue of 100 children a positive security step forward
-
Economy22 hours agoAfrexim says Africa must raise factoring volumes to at least €240bn to support SME led transformation
-
Finance2 days agoNigeria’s foreign reserves hits $45bn, rose by $374.66m in one week
