FG Borrowed N1trn To Fund Fuel Subsidy - DMO
The Federal Government has borrowed N1 trillion to subsidise petrol this year, the Debt Management Office (DMO) said yesterday.
Its Director-General, Ms. Patience Oniha, spoke during the presentation at the Executive Course on Budgeting and Fiscal Transparency...
NNPC Shifts Fuel Subsidy Payment Burden To FG
The burden of fuel subsidy payment, a sore issue in the petroleum industry, has been shifted from the Nigerian National Petroleum Company (NNPC) Limited to the Federal Government.
NNPC Limited Group Chief Executive Officer Mele Kyari said it...
Fuel Price: Confusion As N179/litre Controversy Worsens
A document displaying the costs of Premium Motor Spirit, popularly called petrol, in various regions of Nigeria is causing confusion among PMS consumers as the Federal Government remained mute about the matter on Tuesday.
Although some operators in the...
Crude Oil Price Hits Over $100/barrel
The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price for Premium Motor Spirit, popularly called petrol, higher than...
Finally, Marketers Hike Petrol Price To N170-N190/litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the country, following what is believed to be a subtle agreement between Federal Government officials and oil marketers.
Findings by...
Fuel Price Halts At N200/litre, High Fares Linger
Motorists and commuters in Lagos and Ogun states on Tuesday again, lamented the biting consequences of the lingering fuel scarcity as the situation remained unchanged from the trends experienced over the past two weeks.
Checks by our correspondents...
