Naira Devaluation, Others Hiked Fuel Price - Marketers Oil Marketers on Wednesday blamed the recent price increase in Premium Motor Spirit, commonly known as petrol to the naira devaluation and the current rise in crude oil prices. The Chairman of the Major Oil Marketers Association of...

Fuel Hike: Masses are Suffering, We'll Down Tools, NLC warns FG Nigeria Labour Congress (NLC) has warned that it may be forced to withdraw from the dialogue with the federal government over the hardship its removal of fuel subsidy has visited on Nigerians. This followed yesterday’s...

Fuel Hike: ‘Nigerians are Being Deceived, Punished Unnecessarily" — NLC The president of the Nigeria Labour Congress (NLC), Joe Ajaero says Nigerians are being deceived on the issue of petrol pricing. Speaking on Politics Today, a Channels TV programme, Ajaero said the masses are being punished...

UPDATE: Marketers Explain N617 PMS Price, Say it won't Reach N700 The pump price of Premium Motor Spirit (PMS), popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil...

We Are Not Merging Revenue Generating Agencies — Fed Govt   The federal government has disclosed that it has no plans to merge revenue-generating agencies as speculated in some sections of the media. President Bola Tinubu’s special adviser on revenue, Zacchaeus Adedeji, made the clarification during an...

We Will Reconcile N2.1trn Subsidy Deduction With FAAC - NNPC The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee (FAAC) had in May asked NNPCL to refund over N2.1 trillion to the federation account. NNPCL...