Downstream

Following the u-turn made by the Federal Government on the planned removal of petrol subsidy, the government has revealed that it would cost the country a sum of N3trillion to fund petrol subsidy in the year 2022 at N270billion per…
Read More...

The Nigerian National Petroleum Company Ltd has assured the public that the it has sufficient Petroleum Motor Spirit (PMS) in stock to meet the needs of Nigerians. Garba Deen Muhammad, Group General Manager, Group Public Affairs…
Read More...

By YNAGE IKYAA The President of the Senate, Ahmad Lawan, on Tuesday met with heads of security and paramilitary agencies and tasked them to do more to checkmate smuggling of petroleum products out of Nigeria, as the federal…
Read More...

The Independent Petroleum Marketers Association of Nigeria says the Federal Government should begin the implementation of programmes and palliatives aimed at cushioning the effects of the eventual removal of petrol subsidy in the…
Read More...

“The predatory argument that our refineries are too old for maintenance, therefore, falls flat in the face" Importation of petroleum products should be stopped forthwith by the Federal Government because it is “akin to handing over…
Read More...

By YANGE IKYAA The Minister of Finance, Zainab Ahmed, has said that the Federal Government made provisions for fuel subsidy in the 2022 budget, beginning from January to June, and that all payments on fuel subsidy would cease…
Read More...

By YANGE IKYAA President of the Senate, Ahmad Lawan, has urged the Nigerian Labour Congress and the Trade Union Congress to abort the planned protests against the Federal government's proposed removal of fuel subsidy, saying the…
Read More...

Nigeria’s Finance Minister, Zainab Ahmed, on Monday said that the government has suspended the plan to remove fuel subsidy by the end of the first quarter of 2022. Ahmed said the removal of the subsidy anytime this year may worsen…
Read More...

The Minister of State, Petroleum Resources, Timipre Sylva has ruled out the possibility of removing fuel subsidy now. Speaking at a meeting of stakeholders in the oil and gas sector at the instance of the Senate…
Read More...

The Federal Government has formally backtracked on its earlier plans to remove subsidy on petroleum products by June 2022. Minister of Finance, Budget and National Planning,  Hajia  Zainab  Ahmad disclosed this Monday at a meeting…
Read More...