petrol price
17 Oct
The House of Representatives has asked the Presidency to revert to the old pump price of petroleum products, maintaining that the rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians.
16 Oct
The House of Representatives has asked the Federal Government to revert to the old pump price of petroleum products, maintaining that the rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians. The lawmakers specifically demanded an urgent reversal of the hike in the price of fuel…
14 Oct
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the second increase in petrol prices...
25 Sep
The Federal Government on Wednesday exonerated itself from the petrol pump price squabble between the Nigeria National Petroleum Company Limited (NNPCL) and private refinery, Dangote Refinery. The government said both parties were at liberty to determine their market prices for consumers. This position was revealed by Special Adviser on Information and Strategy, Bayo Onanuga, during…
23 Sep
The National Bureau of Statistics (NBS) has said Benue, Bauchi, and Gombe states paid the highest amount for Premium Motor Spirit (PMS), also known as petrol, in August, just as the average retail price of a litre of petrol increased from N626.70
22 Sep
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N626.70 in August 2023 to N830.46 in August 2024. It made the declaration in its Petrol Price Watch for August 2024 released in Abuja on Sunday. It stated that the August 2024 price of N830.46 represented a…
5 Sep
Sen. Heineken Lokpobiri, Minister of State (Oil) Petroleum Resources, on Thursday, said the Federal Government was not responsible for the recent increase in the price of petrol across the country. The minister said this while briefing State House correspondents after a meeting with Vice-President Kashim Shettima. Lokpobiri said the industry had been deregulated, and that…
3 Sep
The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit to N897 per litre across the country. Sources told The Guardian that “marketers were informed this morning of N870 after which they add their margins.” The Guardian’s check at some fuel stations of the NNPCL, showed that the new…
18 Aug
The average cost of diesel in Nigeria surged by 73.63% year-on-year, reaching N1,379.48 per litre in July 2024, according to the National Bureau of Statistics (NBS). NBS, in a statement on Sunday, said this represents an increase from N794.48 recorded in the same period last year. "The average retail price of Automotive Gas Oil (Diesel)…
26 Jul
The logistics fragment of the pump price of Premium Motor Spirit (PMS), especially the lack of pipelines, has been blamed for the
8 May
Nigeria may witness a fresh price hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol as President Bola Tinubu, who doubles as the Minister of Petroleum Resources, struggles to keep supply of the commodity amidst denial of subsidy payment.
Latest
9 mins ago
The Anambra State Police Command has successfully rescued two kidnapped young women and apprehended four suspects involved in the crime. According to a press statement released by the state police spokesperson, SP Tochukwu Ikenga, the operation was conducted by officers from the Oba Police Divisional Headquarters in Idemili South Local Government Area. The statement revealed…
12 mins ago
Justice James Omotosho of the Federal High Court in Abuja has struck down Section 2 (10) (b) of the National Broadcasting Code, 6th Edition, which required broadcasters to pay 2.5% of their "Gross Annual Income" as an Annual Operating Levy. The ruling followed a suit filed by MultiChoice Nigeria Ltd and Details Nigeria Limited (GO…
18 mins ago
The Niger State Executive Council has proposed an estimate of a N1.20 trillion budget for the 2025 fiscal year for approval. The commissioner, in his analysis, also stated that even though the 2024 approved budget was supplemented with the sum of N191.98bn, the breakdown of the draft 2025 proposals revealed an increase of 1.18% in…
23 mins ago
A group, the Voice of African Universities (VAU), has labelled a petition submitted to Nigeria's Minister of Education, Dr. Maruf Olatunji Alausa, alleging a breach of extant guidelines in the appointment of Professor Aisha Sani Maikudi as the Acting Vice-Chancellor of the University of Abuja (UniAbuja), as baseless and archaic. The group, in a press…
28 mins ago
Mr Sule Abdulaziz, Managing Director of Transmission Company of Nigeria (TCN), says the Federal Government has spent about N8.8 billion to repair vandalised transmission towers across the country. This is contained in a statement in Abuja on Wednesday by Mr Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power.…
35 mins ago
A bill which seeks to create the Federal Capital Territory Satellite Towns Development Commission has passed its second reading on the floor of the Senate. The piece of legislation is sponsored by Senator Aliyu Wadada, representing Nasarawa West on the platform of the Social Democratic Party. In his lead debate, the senator told his colleagues…
35 mins ago
The Federal Government has introduced a new strategy focused on promoting Science, Technology, Engineering, and Mathematics (STEM), enhancing Technical and Vocational Education and Training (TVET), and raising the overall standard of education. The Minister of Education, Dr. Tunji Alausa, stated this in Abuja on Wednesday while declaring open the stakeholders’ consultative dialogue on the Education…
50 mins ago
Former Director-General of the National Orientation Agency (NOA), Alhaji Idi Farouk, has described Dangote Oil Refinery as Nigeria’s pride that must be guided against any sabotage. Farouk, in an interview with the News Agency of Nigeria (NAN) in Abuja on Wednesday, advised President Bola Tinubu to ensure his directive on the refinery were fully implemented.…
51 mins ago
The Rivers State House of Assembly, led by Martin Amaewhule, in a significant move to modernise the legislative framework in the state, has passed the Rivers State Commissions of Inquiry Bill 2024. The development aims to repeal the outdated Rivers State Commissions of Inquiry Law, Cap 30, Laws of Rivers State, 1999, and re-enact a…
54 mins ago
The National Centre for Technology Management (NACETEM) is set to collaborate with various organizations to leverage technology and make blood donation more easily accessible and convenient for Nigerians. The initiative aims to promote the use of technology and innovation to increase blood donation in the country. The Guardian reports that NACETEM is an agency under…