Fuel Hits N685/litre in North Filling stations, particularly those operated by independent marketers, now dispense Premium Motor Spirit, popularly called petrol, at prices that are higher than the bands approved by the Federal Government, with some filling stations in the North selling as high as...

FG Says Car, Fuel Imports Gulp $46bn Annually The Special Adviser to the President on Economic Affairs, Tope Fasua, on Tuesday, urged the Central Bank of Nigeria to reduce the number of bureau de change operators in Nigeria from over 5,000 to about 200. Fasua, a...

Crude Hits $94, Marketers Eye Fresh Fuel Price Hike The rise in the cost of crude oil, coupled with the depreciation of the naira against the United States dollar, might lead to a hike in the pump price of Premium Motor Spirit, popularly called petrol,...

Water Transportation Fare Increases By 45%, According To NBS   The average fare paid for water transport in June 2023 rose to N1,366.22, a 44.84 per cent rise from N943.26 in June 2022, the National Bureau of Statistics (NBS) has disclosed in its latest report. The NBS...

We have Saved Over N1trn From Fuel Subsidy Removal - Tinubu   President Bola Ahmed Tinubu has said the administration saved over one trillion naira in two months of implementing his predecessor's fuel subsidy removal policy. The President who made this revelation in a nationwide broadcast on...

Deregulation: Monthly Fuel Consumption Declines By 18.5million Litres   The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of 2023 is 11.26 billion litres, the Federal Government has said. It was, however, observed that after the removal...