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Nigeria could be spending as much as N1.86 billion on subsidy daily going by the current landing cost of petrol which is N180 per litre, TheCable Petrobarometer can report. Speaking on NTA’s Good Morning Nigeria show, Ibe Kachikwu, the…
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•‘Attempt to remove subsidy must be well-managed’ The landing cost of Premium Motor Spirit, also known as petrol, is N35 higher than the pump price of N145 per litre, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said…
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-By Yange Ikyaa To calm the lingering fuel scarcity in the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN), and National Union of Petroleum and Natural Gas Workers (NUPENG), have urged Nigerians to stop…
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-By Yange Ikyaa The Major Oil Marketers Association of Nigeria (MOMAN) on Friday urged Nigerians to stop panicking over fuel scarcity, while assuring the association’s effective distribution of petroleum products across the…
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The Department of Petroleum Resources (DPR) says it has sealed 14 fuel service stations in Sokoto and Kebbi states for selling above control price and suspected diversion of products. Mr Muhammad Makera, the Zonal Operations Controller…
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Ndu Ughamadu, the group general manager, group public affairs division of the Nigerian National Petroleum Corportation, NNPC has disclosed that the corporation does not inflate or doctor records of its petroleum products importation into…
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The federal government has described as laudable the call for subsidy removal by the International Monetary Fund (IMF). The Minister of Finance, Mrs Zainab Ahmed gave the nod while responding to the call by the Bretton Woods on Thursday…
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The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to disregard rumours of an impending scarcity of petrol in the country. In a statement issued by Ndu Ughamadu, NNPC spokesman on Thursday, the corporation said such…
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...As NNPC denies inflating fuel import figures Lagos Chamber of Commerce and Industry, LCCI, has described fuel subsidy which the World Bank said cost Nigeria N731 billion in 2018, as the biggest fiscal burden currently staring the…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday raised the alarm over the fear of a looming fuel scarcity. Its National Vice President, Alhaji Abubakar Maigandi, who spoke with The Nation in Abuja,…
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