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…
By Olumide David Long fuel queue are still happening and experienced in Nigeria major cities as stations with products are now facing a new challenge- scarcity of the naira. Following the Central Bank of Nigeria directive that old higher denominations of…
Mainland Oil and Gas Company Limited, said it has accelerated petrol retail services at its over 54 stations across the country. The company has also slashed the prices of the product at its retail outlets, even at a time most…
Following the scarcity of fuel and naira notes that have disrupted the socio-economic activities of Nigeria, residents of Ondo State in Ore Local Government Area on Tuesday protested over the development. The resident who appeared visibly frustrated over the lingering…
Despite adjusting their pump prices far above the new government’s price regime of N194 per litre, filling stations in Kaduna State are not dispensing petroleum products due to scarcity of supply, thereby creating hardship for motorists. The situation is forcing…
Transportation fare has quadrupled in Port Harcourt, the Rivers State capital due to the geometric hike in the pump price of Premium Motor Spirit commonly known as petrol. Intercity transport fare such as Port Harcourt to Owerri a distance of…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says the Federal Government has no intention of increasing the price of Premium Motor Spirit (PMS) during the festive period. The General Manager, Corporate Communications, NMDPRA, Mr Kimchi Apollo said this…
There are indications that fuel distribution crisis may soon hit the country, if the Federal Government goes ahead to implement the new tax regime imposing 0.5 per cent tax on the gross turnover of the petroleum marketing firms. The Depot…
The Chairman House of Representatives Committee on Anti-Corruption, Shehu Garba has said Nigerian government finances are drowning due to fuel subsidy payments. Garba made this disclosure in a Channelstv interview monitored by Newsmen on Thursday, explaining the implications of petrol…
Some residents of Abakaliki, Ebonyi capital have expressed worry over the sudden upward adjustment in the pump price of Petroleum Motor Spirit (PMS) in the state. In a visit to some filling stations on Tuesday, the product is sold between…
