Petrol Subsidy To gulp N102.96bn In March         The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month going by the recent pricing template for the commodity. A Federal Government agency, Petroleum Products Pricing Regulatory Agency, on Thursday published the expected new lower and...

Petrol Subsidy May Hit N11.2bn Per Week       The subsidy on Premium Motor Spirit, popularly known as petrol, may have gulped at least N11.20bn in one week as the rise in global oil prices pushed up the landing cost of the product. On February 5, when oil...

Fed Govt Lists Sanctions For Fuel Marketers         The Federal Government, through the Petroleum Products Pricing Regulatory Agency, has warned oil marketers and other operators in the downstream sector against non-compliance with the provisions of the Petroleum Products Commercial Framework Regulations. The PPPRA, in the regulations seen...

Nigeria To Resume Fuel Imports From Niger Republic       Nigeria, Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic. The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum...

Fuel Price Hike Violates Our Agreement With FG – NLC       The Nigeria Labour Congress has rejected the fuel price hike from between N158 and N160 per litre to between N168 and N170, stating that it has worsened the level of anguish in the country. It noted...

Fuel, Power, VAT Increments Due To Tariff Hike – DSTV       MultiChoice Group, owners of the DSTV, has blamed the recent hikes in its subscription tariffs on high cost of production, especially the increment of Valued Added Tax and poor power supply leading to provision of...