fuel
Court Dismisses NNPCL’s Objection in Dangote Refinery’s Suit Over Import Licenses
A Federal High Court in Abuja has dismissed an objection raised by the Nigerian National Petroleum Company Limited (NNPCL) challenging the competence of...
QncNews5 months Ago
Naira’s Downward Spiral Continues: Hits N1,554.85 at Official Market, N1,590 in Black Market
The Nigerian naira has slumped against the U.S. dollar for the fourth consecutive time across both official and parallel foreign exchange markets, raising...
QncNews5 months Ago
Trump Tightens the Screws on Russia with New Oil, Gas, and Banking Restrictions
President Donald Trump is gearing up to intensify economic pressure on Russia, targeting its oil, gas, and banking sectors with stricter measures. The...
QncNews5 months Ago
Why Petrol Imports Persist Despite Local Refining Efforts in Nigeria
Petroleum product retailers and marketers have shed light on the ongoing reliance on petrol imports, even with the operational Dangote Refinery and other...
QncNews5 months Ago
NNPC and Dangote Refinery Kick Off Talks for Naira-for-Crude Renewal
The Nigerian National Petroleum Company Limited (NNPCL) has launched fresh negotiations with the Dangote Petroleum Refinery to renew the naira-for-crude agreement, set to...
QncNews5 months Ago
EKEDC Blames Lagos Power Woes on Faulty 330kV Transmission Lines
The Eko Electricity Distribution Company (EKEDC) announced yesterday that the ongoing poor power supply in Lagos stems from a fault on the 330kV...
QncNews5 months Ago
Nigeria’s Petrol Imports Double in 2024 Despite Local Refining Gains
In a surprising twist, Nigeria’s petrol imports skyrocketed in 2024, doubling to a staggering N15.42 trillion despite significant strides in domestic refining capacity....
QncNews5 months Ago
Nigerian Air Force’s Brutal Invasion of Ikeja Electric: A Nation on Edge
On Thursday, March 06, 2025, chaos erupted in Lagos as no fewer than 12 Nigerian Air Force (NAF) personnel from Logistics Command, Ikeja,...
QncNews6 months Ago
Rivers Crisis Escalates: Militants Threaten Oil Shutdown Over Allocation Standoff
Tension gripped Port Harcourt on March 06, 2025, as the Niger Delta Rescue Movement (NDRM), a feared militant group, issued a chilling ultimatum:...
QncNews6 months Ago
Oil Prices Plummet to Three-Year Low, Signaling Mixed Outcomes for Nigeria
Oil prices have declined for the third consecutive day, dropping nearly 3% to their lowest level in three years, a development poised to...
QncNews6 months Ago
