Full deregulation of the downstream sector of the economy may make consumers in the far north and riverine areas pay more for petroleum products.

Oil marketers have said the inability of the Federal Government to unveil legislation that will support claims of deregulation shows that it is still flirting with subsidy, and might be unwilling to adjust prices when oil prices hit certain benchmarks.

Total deregulation of the downstream sub-sector of the country’s petroleum industry will unlock the huge private investment potential and drive sustainable growth operation-wise. These were the views of stakeholders in the industry, who are also perturbed about the huge amount of money spent by Federal Government yearly on subsidy payment for imported petroleum products. They…

Speaking on the Federal Government’s goal is to deregulate the downstream sector of the petroleum industry, Kachikwu said though the government is not there yet, it will continue to fine-tune the process until the goal is achieved.

Unfortunately for us, they paid us the naira at a time we were going through uncertain foreign exchange. Our banks did not access the dollars to liquidate exposures to their correspondence banks.

Having been deregulated, the price of diesel is not under the control of the Federal Government, as marketers sell according to the forces of demand and supply.

To fill the regulatory gaps in the digital economy, these behemoths have resorted to what could be referred to as spontaneous deregulation.

Operators in the nation’s capital market have urged the Central Bank of Bank (CBN) to urgently deploy structures that would help drive the policy of introducing flexibility ...

Philosophy, what doesn’t exist doesn’t have a name. Right from the days of my late grandmother who always advised us not to be selfish, I have learnt that what goes round, comes around.

The Oyo State government has thrown its full support behind the recently announced deregulation of the downstream sector of the nation’s oil industry, urging workers in its employ ...

“We shall lead Nigerians in a one-million-man solidarity march in Abuja and major cities in Nigeria in support of government’s decision that removed oil subsidy on Monday.”

This thing called democracy, particularly the Nigerian brand, never ceases to throw up new and intriguing lessons about the relationship between government and the people ...