Dangote Slashes Price,  Begins Free Fuel Distribution Monday   The Dangote refinery will start the free fuel distribution scheme on Monday. The Dangote Group spokesman, Anthony Chiejina, told our correspondent in a statement that the scheme would start with the South West, the Federal Capital Territory, Abuja,...

NNPC, Marketers Reduce Petrol Prices After Dangote’s Price Cut   The Nigerian National Petroleum Company Limited (NNPC) and other marketers have reduced the pump prices of Premium Motor Spirit (petrol) following Dangote Petroleum Refinery’s cut in ex-depot prices. From as high as N950 per litre on Tuesday,...

Petrol pump price rose to N1,030 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPC Ltd) in Abuja on Wednesday.  

Former Military Head of State, General Abdulsalami Abubakar, on Tuesday in Minna, Niger State, expressed deep concern over the living conditions of Nigerians, stating, "The hardship in the land is getting out of control. Everybody is crying of this hardship and it seems to be getting out of control, people cannot afford three square meals, the issue of transportation, the hike in fuel, the hike in school fees for the children and the lack of funds in everybody’s pocket is making life difficult for everybody." 

We Don't Have Control Over Fuel Price, Exchange Rate - CBN   The Central Bank of Nigeria (CBN) yesterday told the House of Representatives that it lacks control over the price of Premium Motor Spirit (PMS), popularly known as fuel, and the foreign exchange rate between...

Fuel Queues Grow As Ex-depot Price Hits N235/Litre   Private depots in Lagos, Port Harcourt, Calabar, among other cities, have raised the ex-depot price of Premium Motor Spirit, popularly called petrol, from the N220/litre, which it sold last week, to N235/litre. Officially, the approved subsidised ex-depot price...