Petrol: FX Scarcity Stalls Fresh Importation
The hope of fresh petrol importation into the country may have been dashed, as findings revealed that oil marketers, who have been licensed to import fuel, are currently having difficulties accessing forex (FX).
Sources close to the matter said that...
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...
Subsidy Removal: FG Saves N400bn in One Month
The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated...
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...
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...
