NNPC Spends Estimated N33.60 Per Litre To Subsidize Petrol   Yesterday, news filtered into the mainstream media that the Federal government spent a whooping sum of N650.1bn (US$1.8bn) in subsidizing petrol consumption between April 2018 and March 2019. According to the media sources, the statistics were...

Petrol Subsidy Gulped N650.2bn In 12 months, Says Report   The Federal Government spent a total of N650.2bn on petrol subsidy in 12 months; Economic Confidential reports and captures the misgivings of stakeholders on the issue The Federal Government spent a total N650.2bn in subsidising Premium Motor...

Petrol Imports Hit 5.61bn Litres In 2019 Q2   The volume of Premium Motor Spirit, also known as petrol, imported into the country rose by 15.2 per cent in the second half of the year to 5.61 billion litres amid concerns over smuggling of the product...

Oil Marketers Lament Not Getting Forex At N305/$1 The Major Oil Marketers Association of Nigeria has said its members are not getting foreign exchange at N305 to a dollar for the importation of Premium Motor Spirit, also known as petrol. The Nigerian National Petroleum Corporation has...

Nigeria Loses About 10m Litres Petrol Daily To Smuggling   Smugglers of Premium Motor Spirit, popularly called petrol, are stealing about 10 million litres of the commodity daily and selling it to neighbouring countries, the Nigerian National Petroleum Corporation has declared on Tuesday. NNPC also stated that...

Petrol, Diesel, Kerosene Prices Rose In April, NBS Says   The prices of petrol, diesel and kerosene increased in many parts of the country last month, the National Bureau of Statistics said in its new reports on the products. The average price paid by consumers for Premium...