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Central Bank of Nigeria

Nigeria’s central bank injects liquidity into market

Nigeria's central bank has pumped 311.5 million U.S. dollars and 15 million Chinese yuan respectively into the financial system. The dollar intervention,...
GOIL MD Mr Patrick Akorli and Board Chairman Mr Kwamina Bartels

GOIL follows due process in the transportation of petroleum products

Ghana Oil Company Limited (GOIL) has adopted pragmatic measures to instil discipline in transportation of petroleum products by road and to ensure that truck...
Dr. Maikanti Kacalla Baru,

Fuel Queues: NNPC’s Baru Rushes Back Home…Abandon Forbes Award

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, Tuesday, cut short his trip to London In a...
Petrol prices fell by 1.7% last month

NNPC To Nigerians: Don’t panic, no plan to increase petrol price

The Group General Manager, Group Public Affairs Division of the NNPC, Ndu Ughamadu, has said there was absolutely no plan by the Federal Government...
National Petroleum Safety Campaign

NPA Launches Safety Campaign To Curb Petroleum Related Incidents In Ghana

Speaking at the launch of the National Petroleum's Safety Campaign dabbed ‘People Safety First’ to help curb petroleum related incidents in the country, the...
SEL Fuel Station

Ghana to expect further fuel price to increase

Consumers of petroleum products in the country are actually suffocating to contend with the rate at which prices are been increased in recent weeks....

US exports of crude oil, petroleum products double in last six years – EIA

United States (US) crude oil and petroleum product gross exports have more than doubled over the past six years, says the Energy Information Administration...
Petroleum hedging

Ghanaian energy think tank forecasts price drop in petroleum products

Ghanaian energy think tank, Institute for Energy Security (IES) says the prices of petroleum products will drop further this month in the West African...
President Muhammadu Buhari

Nov. 4 major Nigerian media outlets

-- President Muhammadu Buhari on Thursday revealed he had come close to relinquishing power. "Actually, I felt like absconding because 27 out...

Fuel prices shoot up by 5-7 per cent

Consumers of petroleum products in the country are protesting the sharp upwards adjustment in prices of the commodity at the various pump stations across...

Ghana Government To Reduce Fuel Price In Last Quarter 2016

The Journalists who works with the New Crusading Guide Newspaper as the Business Editor noted that government has been under intense pressure from the...

TAZARA secures deal to ferry DRC petroleum products

The railway firm, jointly owned by the Zambian and Tanzanian governments, has secured the deal to transport 18 million liters of petroleum products to...

NPA conducts education on petroleum products handling

Mr Yaro Kasambata, the Public Relations Manager (PRM) of the NPA said the institution is worried about the fire out breaks caused by petroleum...
GOIL and Engen Ghana filling stations

OMC gives an upward adjustment on fuel prices

Engen Ghana Limited has pegged Super at GH¢3.450 per litre and Diesel at GH¢3.410 per litre, Ghana Oil Company Limited (GOIL) has fixed...

Nigerian oil union leaders to meet over new pump price

Tokunbo Korodo, the South-West Chairman of the union disclosed this in Lagos, Nigeria's economic hub on Wednesday. According to him, it is...
Armah-Kofi Buah.JPG21569

Ghana Government Confident Of Deregulating Petroleum Sector

Speaking at a cocktail to celebrate the launch of Puma Energy Distribution Ghana, he noted that the deregulation process would also allow the regulatory...

Ghana Gas Takeover By GNPC Final Stage

According to the Minister, one of the processes is to make sure that the CEO of GNPC is a board member of Ghana Gas...

Consumers Unlikely To Benefit From Declining Oil Prices

According to them, the situation will also come as a disincentive to consumers as they are likely not to benefit from the stability on...

Consumer Chamber Demands Reduction In Fares Amid Petroleum Price Fall

Diesel has been reduced by 4%, while Liquefied Petroleum Gas (LPG) has seen a 9% fall in price. Petrol will now sell at the pump at...

Ghanaian workers protest rising cost of living

The protesters started off at the "Obra Spot" in downtown Accra and marched through the principal streets of the capital amid drumming and dancing...

Ghana’a President defends increase in utility services

He said for the past 15 years, utility companies had accumulated a lot of debt making them financial vulnerable and without such measures, needed...

Ghana’s Transport fares remain same amid ESL

The increase was occasioned by the passage of the Energy Sector Levy (ESL) by Parliament in December 2015. The Ghana Private Road Transport Union (GPRTU)...
Wongbo Demo

Ghana’s labor groups threaten strike over hikes in taxes, fuel prices

At its meeting in Accra on Thursday, organized labor agreed on a roadmap for the intended action to press home the demands in the...

Petroleum Products up by 27%

The increment is to take effective today, Monday January 4, 2016. This was as a result of  the passage of the Energy Sector Levy by...

Nigeria to focus on oil price modulation

Kachikwu told a news conference on Thursday in Abuja, the nation's capital city that the price modulation had nothing to do with the removal...

Petroleum Magazine launched to provide information about sector

The Energy Media Group on Thursday introduced into the Ghanaian market a maiden monthly magazine seeking to provide comprehensive information on the petroleum sector...

Pricing Of Petroleum Products cannot be done without government

The attention of the Campaign arm of ISODEC has been drawn to Government's intent of moving to the next level of its ongoing deregulation...
Franklin Cudjoe

IMANI Boss Condemns Increase In Prices Of Petroleum Products

The increment in the price of petroleum products would have been understandable at a time when economic hardship has been managed. The Founding President and...
Dr. Mahamudu Bawumia and Nana Akufo-Addo

An analysis: Why Akufo Addo and Bawumia are right, IMF cannot solve Ghana?s economy

Dr Kwame Osei The Government of Ghana will shortly receive its first tranche of the so-called financial assistance from the IMF to try and ?fix?...

Energy Fund Levy to be invested in Solar energy – President Mahama

Mr John Dramani Mahama, the President of the Republic has said the Energy Fund Levy on Petroleum products would be used to support the...