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Fuel subsidy News

Fuel Crisis: A Complex Challenge For Nigeria’s Energy Sector As Nigerians Demand Transparency

Fuel Crisis Sparks Frustration Across Nigeria The current fuel crisis in Nigeria, which began in July 2024, is causing severe disruptions across the country. Long queues at petrol stations, lost productivity, and rising costs have left many Nigerians frustrated. The root causes

September 13, 2024

NNPC Seeks New $2 Billion Oil-Backed Loan To Boost Finances

Business·News·Oil & Gas

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

The Nigerian National Petroleum Company Limited (NNPCL) is under scrutiny once again as the Federal Government gears up for an audit of the N2.8 trillion fuel subsidy claims. This move comes in the wake of previous audits that slashed initial claims from

May 9, 2024

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

Business·News·Oil & Gas

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

President Bola Tinubu has defended his administration’s decision to discontinue fuel subsidy payments, stating that it was a necessary action to prevent Nigeria from going bankrupt. Speaking at the Special World Economic Forum in Riyadh, Saudi Arabia, Tinubu acknowledged that the policy

April 29, 2024

Business·News

Nigerian Govt, NNPC Refute Marketers, El-Rufai’s Claim of Fuel Subsidy Payment

The Nigerian government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited, has denied the resurgence of fuel subsidy, challenging those making such claims to provide evidence. This rebuttal follows assertions by various individuals and groups, including former

April 18, 2024

Competition Sets In As NNPCL, Like Dangote Refinery, Slashes Petrol Price

Business·News·Oil & Gas

Nigerians Ask NNPCL To Make Petrol, Diesel Cheaper As Dollar Rate Drops

Nigerians have called on the Nigeria National Petroleum Company Limited (NNPCL), to reduce the pump price of petroleum products such as Premium Motor Spirit (PMS) also known as petrol and diesel.

March 28, 2024

NLC Stands Firm On Nationwide Strike Amidst FG's Independence Day Plea

News

We’ll Embark On Two-day Protest If FG Fails To Comply – NLC

The Nigeria Labour Congress says it has finalised plans to embark on a two-day nationwide protest slated for February 27 and February 28, 2024.

February 16, 2024

How Strong Competitive Market Will Stabilise Fuel Price In Nigeria

Business·Oil & Gas

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

Further depreciation of naira while the pump price of Premium Motor Spirit (PMS) popularly called petrol sells between N617 and N650 have resurrected contentious debates between independent petroleum marketers and the Nigerian National Petroleum Company Limited NNPC

January 3, 2024

News·Politics

PDP Condemns President Tinubu’s New Year Address As A “Deceitful Charade”

The Peoples Democratic Party (PDP) has criticized President Bola Tinubu’s New Year speech, labeling it a “harvest of deceit, false claims, and empty promises.” In a scathing response, the PDP‘s National Publicity Secretary, Debo Ologunagba, stated that Tinubu’s address failed to address

January 1, 2024

Business·News·Oil & Gas

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

SERAP has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over the alleged failure to disclose crucial financial details since the removal of petrol subsidy in May 2023.

December 24, 2023

Agro-Economy·Business·News

Beef Stew Costs Surge By 17% , Escalating Financial Strain On Nigerian Households

In a disconcerting revelation from the latest stew index report by PricePally, the expense of preparing a pot of beef stew surged by 17 percent in 2023, painting a worrisome picture of escalating financial burdens for households across Nigeria. “Amid the price

November 24, 2023

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Fuel subsidy News

Fuel Crisis: A Complex Challenge For Nigeria’s Energy Sector As Nigerians Demand Transparency

NNPC: Nigerian Govt Plans Fresh Audit On N2.7tn Fuel Subsidy Claims

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

Nigerian Govt, NNPC Refute Marketers, El-Rufai’s Claim of Fuel Subsidy Payment

Nigerians Ask NNPCL To Make Petrol, Diesel Cheaper As Dollar Rate Drops

We’ll Embark On Two-day Protest If FG Fails To Comply – NLC

NNPC, Marketers Bicker On Fuel Subsidy Payment As Naira Depreciation Deepens

PDP Condemns President Tinubu’s New Year Address As A “Deceitful Charade”

Fuel Subsidy: SERAP Sues NNPCL Over Nigeria’s Oil Revenue Secrecy

Beef Stew Costs Surge By 17% , Escalating Financial Strain On Nigerian Households

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