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The Nigerian Economic Summit Group has explained how state governors spent the country’s $50 billion Excess Crude Account in 2010, which would have served as a buffer for petrol subsidy challenges. The Chief Executive Officer of…
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There are indications that the Federal Government is still battling to restore normalcy in the supply chain of the Premium Motor Spirit (PMS) otherwise known as petrol as long queues and black market remain visible despite…
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The Independent Media and Policy Initiative (IMPI) has expressed support on plans by the Federal Government to engage private firms to operate Warri and Kaduna refineries when they come on stream. Mr Niyi Akinsiju,…
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Nigeria Customs Service The Nigeria Customs Service, Operation Whirlwind Taskforce Team, has blamed the foreign exchange for the rising rate of fuel smuggling in the country. The Coordinator of the team, Husseini Ejibunnu, disclosed…
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Governor Soludo, in a viral video where he spoke in Igbo while addressing people during an event at the Dora Akunyili Women Development Centre, Awka, the Anambra State capital, said NNPC Limited did not remit even one kobo into the…
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NMDPRA official sealing an erring filling station in Uvwie Local Government Area of Delta. The News Agency of Nigeria (NAN) reports that the regulatory body on Wednesday sealed the stations after carrying out surveilance of filling…
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It will forever remain a puzzle determining the appropriate price Nigerians should pay for a litre of petrol in Nigeria, owing to the fact that almost everything regarding its operation is shrouded in darkness, an industry expert, Prof…
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The Vice President of Liberia, Jeremiah Koung has revealed that out of eight licensed commercial banks in his country, four are owned by Nigerians. The Vice President disclosed in his remarks at the opening ceremony of the 17th…
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The common man, who has been struggling with rising fuel prices, may soon find relief as crude oil prices in the international market have fallen significantly. This notable drop in crude oil prices raises hopes for a reduction in…
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Black market fuel vendors tries to sell fuel to a motorist on Lagos-Ikorodu highway 17 June 2007. "The Nigerian Constitution provides a legal ground for petrol peddling to be a jail-worthy offence" Since the crisis started in July,…
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