Since the removal of fuel subsidy on May 29, 2023 life has not been the same in the country. The situation worsened when the Federal Government’s promise of making fuel available for the citizenry in December 2023, by locally refining…
The Peoples Redemption Party (PRP) has advised the Federal Government to reject the advice of the International Monetary Fund (IMF) to phase out petrol and electricity subsidies. The PRP acting National Publicity Secretary, Mr Muhammed Ishaq, gave the advice in an…
This week, global crude prices have seen a reduction as the market reacts to weakening economic data out of China. It has been said that when global crude oil prices rise, fuel pump prices in Nigeria will rise as well.…
Chairman of ICPC, Prof. Bolaji Owasanoye, has attributed the rising level of corruption in public offices and the country as a whole to community pressure and expectations of people in office. The Independent Corrupt Practice and Other related Offences Commission…
By Matthew Denis Again, The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that fuel price will continue to rise in Nigeria. In an interview with journalists, the National President of IPMAN, Chinedu Okoronkwo, said the price of Premium…
Some local farmers in Bwari Area Council of the FCT have expressed concerns over rise in cost of farm inputs, following increase on the price of fuel nationwide. The farmers said this in an interview on Tuesday in Abuja, feared…
Bankole Taiwo, Abeokuta Residents of Abeokuta, the Ogun State capital on Tuesday woke up to fuel scarcity and long queues in filling stations across the metropolis. Checks by our Correspondent in Ogun State revealed that some filling stations in Abeokuta,…
The Commissioning of the largest refinery of 650,000 barrels per day ( BPD) in the country by President Buhari led Federal government is expected to become a respite to incessant fuel scarcity in the country. This is considering the fact…
Vietnam is planning to increase the national reserves of crude oil and oil products to 15 days of net imports by 2025 and 30 days by 2030. It said it was from the current nine days, to ensure its energy…
Nigeria is going to save about N10trillion annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol, and foreign exchange, a report released on Sunday by Centre for the Promotion of Private Enterprise (CPPE) stated. It explained…
