Tag:petrol

Nigerians spent N16.5trn on generators, fuel in 2023 – FG

Nigerians collectively spent a staggering N16.5 trillion on diesel, petrol, and generators in 2023, to meet their electricity needs, the Federal Government disclosed on...

No plans to increase petrol price — NNPC

The Nigerian National Petroleum Company Limited has debunked claims that it is planning to increase its pump prices for Premium Motor Spirit, commonly referred...

NNPC attributes increase in petrol price to market realities

The Nigerian National Petroleum Company L.td., has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the...

FG subsidy spending to hit N11tn in 2023

The administration of the President, Major General Muhammadu Buhari (retd.), could spend not less than N10.976tn as subsidy on Premium Motor Spirit, popularly called...

FG to end petrol subsidy in June 2023

… one month after Buhari’s exit The House of Representatives Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on...

Fuel Scarcity hits Lagos, Abuja, sells N180/litre as NNPC cuts supplies

Fuel queues hit major cities of Lagos, Abuja and Ogun on Monday, forcing motorists to spend hours at filling stations. In Lagos and Ogun states,...

Prepare for worst fuel scarcity, petrol marketers send strong message to Nigerians

The Independent Petroleum Marketers Association of Nigeria has advised Nigerians to brace themselves for the biggest gasoline crisis in history. To avert this, the Petrol...

Military deactivates 49 illegal refineries, apprehend 70 oil thieves

The Defence Headquarters says the troops of Operation Delta Safe, have discovered and destroyed 49 illegal refineries in the past two weeks in the...

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CBN to retire 1,000 employees with N50bn severance package

The Central Bank of Nigeria is reported to be preparing to retire approximately 1,000 employees as part of a...
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U.S. President Biden pardons son as Trump slams ‘miscarriage of justice’

U.S. President Joe Biden on Sunday said he has pardoned his son, Hunter Biden, even after promising previously that...

Adeyanju: Fisayo Soyombo’s Arrest to Conceal Navy’s Role in Oil Bunkering

Activist lawyer, Deji Adeyanju, on Friday condemned the Nigerian Army’s statement regarding the arrest of investigative journalist, Fisayo Soyombo,...

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CBN to retire 1,000 employees with N50bn severance package

The Central Bank of Nigeria is reported to be...

U.S. President Biden pardons son as Trump slams ‘miscarriage of justice’

U.S. President Joe Biden on Sunday said he has...