No More Fuel Subsidy - Tinubu   President Bola Tinubu on Monday said the era of fuel subsidy is gone in Nigeria. Tinubu who made the assertion while delivering his inaugural speech as the 16th President of Nigeria also disclosed that his team will disclose the key...

Subsidy Removal: Marketers Plan 30,000 Gas Stations, Seek CBN Loans   Oil marketers have written to the Federal Government over their proposal to build about 30,000 gas stations to cushion the effects of the proposed subsidy removal on Premium Motor Spirit, popularly called petrol. Nigerians are currently...

Fuel Subsidy Removal: Brace For N750/Litre Petrol, Stakeholders Tell Nigerians   As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as...

Marketers Say Fuel Scarcity Will Linger Till After Elections   The scarcity of Premium Motor Spirit, popularly called petrol, in Abuja and other northern states could persist till after Saturday’s gubernatorial elections in various states, oil marketers said on Tuesday. Petrol scarcity became severe on Monday in...

Petrol: Queues Return To Abuja, Others As Supply Dips   The scarcity of Premium Motor Spirit, popularly called petrol, has again returned to Abuja, Nasarawa, Niger, Kaduna and other states, causing massive queues at the few filling stations that dispensed the product in the affected areas. In...

Subsidy: Fed Govt Borrowing To Import Fuel - Minister   The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a possibility of global economic recession this year,...