FG To Nigerians: We’ll Fail If Fuel Subsidy Returns
The federal government says bringing back fuel subsidy that has already been removed may spell doom for the country, adding that Nigeria’s revenue has drastically fallen by not less than 65 per cent.
Mrs Zainab Ahmed, the...
Dangote Refinery'll Sell Petrol At International Price - Ahmed
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at...
30% Petrol Smuggled Out Of Nigeria – Report
The absence of subsidies in neigbouring countries has created the incentive to smuggle about 30 per cent of petrol meant for Nigeria to the neighbouring nations.
According to a publication by the Major Oil Marketers Association of Nigeria...
Forex Inaccessibility Stopping Us From Importing Petrol — Marketers
Independent oil marketers are not fully back into the business of importing petrol due to their inability to access foreign exchange.
Dealers stated that since the downstream oil sector was deregulated in March this year, the Nigerian...
In 13 Months, Nigerians Spent N2.37trn On petrol – NNPC
In 13 months, Nigerians spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation, data released by the corporation have shown.
The corporation said on Wednesday that its total revenue generated from...
Petrol: Ex-depot Price Rises By N6, Consumers To Pay More
The Petroleum Products Pricing Regulatory Agency on Tuesday increased the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020.
Oil marketers stated that based on the latest increase in ex-depot price,...
