Despite Subsidy Removal, Nigeria's PMS Price Remains Cheapest in Africa By Zekeri Idakwo Despite recent hike in fuel price, Nigeria still has the cheapest pump price among neighbouring African countries. According to Global Petrol Prices (GPP), Nigeria is the exception, with prices at nearly half the cost...

Fuel Scarcity: NNPCL Warns Against Panic Buying There was a disagreement between oil marketers and the Nigerian National Petroleum Company Limited on Thursday over the supply of Premium Motor Spirit, popularly called petrol, as queues by motorists for the commodity in filling stations grew worse. Dealers...

We Now Spend Above N400bn Monthly on Subsidy - NNPCL The Nigerian National Petroleum Company Limited, on Friday, revealed that the amount spent as subsidy on Premium Motor Spirit, popularly called petrol, had crossed N400bn monthly. NNPCL’s Group Chief Executive Officer, Mele Kyari, disclosed this at...

Inflation: Petrol Price Hits N300 Per Litre The scarcity of Premium Motor Spirit, popularly called petrol, grew worse across the country on Thursday, as massive queues were witnessed in Abuja, Lagos, Port Harcourt, Calabar, Warri, Nasarawa, Minna, among other places. Oil marketers stated that the scarcity...

Oil Price: Experts Dismiss Gains As Subsidy Nears N200bn       After the international crude oil benchmark, Brent advanced above $70 as the PUNCH reported earlier in the month, industry experts see meagre benefits as subsidy payments gulp revenues. The Federal Account Allocation Committee report for May, value...

Food Prices Rose In April Despite Fall In Inflation       The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in food inflation sub-index during the period. Similarly, transport fare for bus, air, motorcycle and waterway journeys increased...