Consumers Paid N76.5bn Extra For Petrol After Deregulation
More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year.
After the Federal Government deregulated the downstream sector of the oil industry on March...
W/Bank Supports FG On Petrol Subsidy Removal
The World Bank said on Thursday that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis.
The bank, in its ‘Africa’s Pulse’ report entitled ‘Charting the road to recovery’, said countries in sub-Saharan...
Petrol: Comparing Nigeria With Saudi Arabia Ridiculous, TUC Tells Buhari
The Trade Union Congress of Nigeria has condemned the comparison between Nigeria and Saudi Arabia made by President Muhammadu Buhari, in his Independence Day address.
The President, TUC, Quadri Olaleye, in a statement on Thursday, said...
Petrol Supply Fell By 23.88% In July, Says NNPC
The volume of petrol supplied in the country declined by 23.88 per cent in July to 1.02 billion litres, according to the Nigerian National Petroleum Corporation.
The NNPC said the 1.02 billion litres translated to 32.95 million...
Niger Ban: Fuel Crisis Looms, As Tankers Halt Lifting Of Petrol
Petroleum Tanker Drivers (PTD) on Wednesday ordered the immediate stoppage of distribution of petroleum products from Lagos to the northern part of the country till further notice.
PTD in a statement by its National Chairman,...
PPPRA Gazettes Market-based Pricing Regime For Petrol
The Petroleum Products Pricing Regulatory Agency has gazetted a market-based pricing regime for petrol.
Spokesperson of the agency, Kimchi Apollo, stated on Wednesday that with the new gazette, oil marketers were now empowered to fix petrol price in accordance...
