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...

Nigeria Rakes in $11b from Oil Exports in Five Months The Organisation of Petroleum Exporting Countries (OPEC), latest revenues fact sheet indicates that Nigeria earned about $11 billion from crude oil exports in the first half of the year. which revealed the figure, also projected that...

More Pains For Nigerians As Petrol Sells Above N550/Litre   The pangs of the fuel subsidy removal continue to hit hard on Nigerians as the price of fuel per litre now jumps above N550. It was reliably gathered that there was a rise in the ex-depot price...