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FG moves to avert NNPC monopoly of fuel importation

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.Targets favourable foreign exchange rates to bring back oil marketers Oil marketers will soon resume importation of Premium Motor Spirit, (PMS), popularly known as petrol into Nigeria as the Federal government moves to quince NNPC’s monopoly of importation. This sequel to a meeting the marketers:...

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The Forgotten Heroes: A Nation’s Debt Repaid

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In 1976, answering a call greater than personal glory, Nigerian athletes walked away from the Montreal Olympics—boycotting the games in protest against apartheid, under...
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Fuel Subsidy Removal : Lifting a Nation’s Burden

Closing the Gaps : A documentary on Nigeria’s anti-corruption and criminal justice reform fund

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Return of Fuel Queues and Return of Subsidy?

Energy & Business Media - 0
There is palpable tension at petrol stations all over Lagos and spreading fast across the nation. Scarcity looms ominously. And queues have surfaced....
Energy

Fuel subsidy: FG speeds up implementation of MOU to avert industrial action

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When Tuesday October 30, 2023, President Bola Ahmed Tinubu wrote to the Senate to seek approval for N2.18 trillion Supplementary Budget, he did not...
Energy

Subsidy Face-off: Federal Gov’t Speeds Up Implementation of MoU To Avert Industrial Action

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When Tuesday, October 30, 2023, President Bola Ahmed Tinubu wrote to the Senate to seek approval for N2.18trillion Supplementary Budget, he did not mince...

Land owners gives Kirikiri Fuel Depot Owners, others, clean bill of health

Fuel Subsidy Removal Face-off

FOREX Scarcity: Resolving Oil Marketers’ Major Challenge

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The Forgotten Heroes: A Nation’s Debt Repaid

In 1976, answering a call greater than personal glory, Nigerian athletes walked away from the Montreal Olympics—boycotting the games in protest against apartheid, under the directive of the government led by General Olusegun Obasanjo. These...
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Articles

‘NNPCL’s sole fuel importation status  bad for downstream businesses’

Nigerians and indeed business communities (particularly the downstream oil industry players) were caught off guard when President Bola Tinubu during his inauguration on May 29, 2023 declared that “fuel subsidy is gone!”. The President said...
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Articles

Marketers to Resume Fuel Importation Soon, Presidency Sources Reveal

Indications emerged last night that the Federal Government is working frantically on measures  aimed at ensuring that oil marketers in the country resume importation of Premium Motor Spirit (PMS), popularly known as Petrol, to achieve...
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FOREX Scarcity: Resolving Oil Marketers’ Major Challenge

With rising foreign exchange rate and crude oil prices in the international market, Nigeria’s economy  is, no doubt in dire straits. Since May 29, 2023...
Local News

FG: Nigeria Attracted over $8bn in Deepwater Oil, Gas FIDs in Less Than One Year

The Federal Government efforts at returning the oil and gas  sector its past  glory  in the area of investment may have started yielding fruits...
Articles

Marketers to Resume Fuel Importation Soon, Presidency Sources Reveal

Indications emerged last night that the Federal Government is working frantically on measures  aimed at ensuring that oil marketers in the country resume importation...
Local News

NNPCL, Marketers Disagree over Queues at Fuel Stations

As long queues appear in fuel stations in Abuja and Lagos, the Nigerian National Petroleum Company Limited (NNPC) and oil marketers have disagreed over the...
Business / Economy

NNPC denies dispute with marketers, says subsidy ‘entirely removed’

The Nigerian National Petroleum Company (NNPC) Limited says it did not clash with any party over petrol subsidy removal. Media reports, on Wednesday morning, had said the national...
Articles

Marketers to Resume Fuel Importation Soon, Presidency Sources Reveal

Indications emerged last night that the Federal Government is working frantically on measures  aimed at ensuring that oil marketers in the country resume importation...
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