Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has requested the privatisation of Warri and Kaduna refineries The association said the move would boost gains in the downstream petroleum industry PETROAN also demanded that the government release an N100 billion grant to local businesses to cushion the effects of subsidy removal Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade. The Petroleum Products Retail Ou...

… Urges FG To Increase Investments In CNG, Other Infrastructure The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is seeking a N100bn grant from President Bola Tinubu to save over 10,000 oil marketers from running out of business in 2025. The downstream players also urged the federal government to invest heavily in Compressed Natural Gas (CNG) infrastructure and other critical infrastructure, such as refineries, pipelines, and storage facilities. The recommendations...

The Coalition of Northern Groups (CNG) has strongly criticized the Presidency for its recent comments targeting Bauchi State Governor Bala Mohammed following his objections to the proposed tax reform bills under review at the National Assembly. In a statement by its National Coordinator, Comrade Jamilu Aliyu Charanchi, the CNG expressed dismay over the response by President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare. The group described the Presidency’s reac...

President Bola Tinubu has announced the establishment of a National Credit Guarantee Company aimed at reducing food prices and supporting local production of essential drugs and medical supplies. In his New Year message, Tinubu urged states to adopt the federal government’s Compressed Natural Gas (CNG) program to lower transportation costs. The new company, set to launch by mid-year, will be a collaboration between government institutions such as the Bank of Industry (BOI), the Nigerian Sovere...