Customs blame fuel smuggling on forex crisis
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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Nigeria’s Oil Money Is Finished, NNPC Failed To Remit One Kobo Into Govt Purse From Feb To…
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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Fuel: NMDPRA seals 4 filling stations for hoarding, under- dispensing
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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Transparency Lacking in Oil Sector, Determining Appropriate Petrol Price Difficult, Says Prof…
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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50% of commercial banks in Liberia owned by Nigerians – Vice President Koung
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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Crude Oil Prices Drop to Multi-Year Lows; Petrol and Diesel Prices Expected to Fall
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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Fuel crisis continues but selling petrol on the streets could land you in jail
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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NULGE Chairman Dies At Petrol Station Queue
Fuel scarcity has worsened in recent weeks, with long queues forming at petrol stations nationwideThe chairman of the Nigeria Union of Local Government Employees (NULGE) in Akure South local government, Ondo State, Oluwatuyi Olasoji,!-->!-->!-->…
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Fuel Price Hike: Yoruba Union Calls for Tinubu’s Resignation, Announces October Protests
The Yoruba Union (Igbinmọ Majekobaje Ilẹ-Yorub) has demanded the resignation of President Bola Tinubu in response to rising fuel prices and worsening hunger affecting the southwest region and Nigeria as a whole.The union has!-->!-->!-->!-->!-->…
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Fuel Landing Cost Surges: Marketers Forsee High Dangote Petrol Price
Oil marketers are concerned about the delay in declaring the price of Premium Motor Spirit, also known as petrol, manufactured by the Dangote Petroleum Refinery, noting that the landing cost of imported PMS is presently around N1,120!-->!-->!-->…
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