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petrol price

20 Jul 2023
A spokesman for the All Progressives Congress (APC) campaign council during the 2023 election Bayo Onanuga has urged Nigerians to wait patiently for the palliatives promised by President Bola Ahmed Tinubu. Onanuga said this in the wake of the new pump price of fuel coupled with the removal of payment of subsidy on petrol which…
19 Jul 2023
The Peoples Democratic Party (PDP) has said that fuel should not sell for more than N150 per litre in Nigeria. The PDP said this in the wake of the recent increase in the pump price of fuel across the country. Recent findings showed that the pump price of fuel surged to N617 per litre in…
18 Jul 2023
The Nigeria National Petroleum Corporation Limited (NNPCL) on Tuesday reacted to the sudden increase of fuel pump prices from N540/litr to N617/litr, describing the development as "market forces at play." Group Chief Executive Officer of NNPCL, Mele Kyari offered the explanation after he met with the Vice President, Kashim Shettima at the Presidential Villa, Abuja.…
30 Jun 2023
The Federal Government of Nigeria (FGN) has so far saved about N400bn within the four weeks following the removal of payment of subsidy on Premium Motor Spirit (PMS) popularly called petrol. This is according to the Independent Petroleum Marketers Association of Nigeria (IPMAN). “Right now, they (the government) are making money. At least with this…
19 May 2023
The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol witnessed a drop from N264.29 in March to N254.06 in April 2023. This is according to the NBS Petrol Price Watch released in Abuja on Friday. It stated that the April 2023 price of N254.06 represented a 3.87 per…
15 May 2023
In August last year, the Nigerian government signed an agreement with the World Bank for a loan of $800 million to fund fuel price increases palliatives for the poor.
18 Apr 2023
The Independent Petroleum Producers Group (IPPG) has called on the incoming administration of Sen. Bola Tinubu to address the bottlenecks mitigating against industry growth and energy security.

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About six months after President Bola Tinubu recalled all career and non-career ambassadors in diplomatic missions worldwide, their offices in embassies and consulates have remained vacant.
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Banks have 24 months to recapitalise their capital base to at least N500 billion international authorisation capitalisation to continue operations in the country, the Central Bank of Nigeria (CBN) has said.
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Disconnected Subscribers Identification Module (SIM) cards as a result of unverified National Identification Number (NIN) may hit 50 million from the second phase of the disconnection of unlinked SIMs to NIN exercise, which begins today, March 29.
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Nigeria’s sole surviving club in CAF’s inter-club competitions, Rivers United, are billed to host the first leg of the Confederation Cup final if they qualify for the title game.
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The Central Bank of Nigeria (CBN) has auctioned N1.64 trillion worth of treasury bills.
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Brethren, our immersion in the school of Ramadan is progressing steadily. Yes, the ‘school’ of Ramadan.
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Residents of the Federal Capital Territory (FCT) have blamed the surge in the activities of taxicab robbers, popularly known as ‘one chance’, on the failure to make a success of the Abuja Urban Mass Transport Company (AUMTC), which ran aground, over 400 buses procured in 2005 for mass transit.
2 hours ago
In lieu of the increase in passenger traffic this season, Bi-Courtney Aviation Services Limited (BASL) has assured safety, security, and better customer experience for travellers using the Murtala Muhammed Airport Terminal Two (MMA2) facility in Lagos.
2 hours ago
Amidst several challenges confronting the power sector, including limited access to critical resources, the Minister of Power, Adebayo Adelabu, has unveiled plans to liaise with the Central Bank of Nigeria (CBN)...
2 hours ago
Deputy Speaker, House of Representatives, Benjamin Kalu, has sought an amendment to the Inter-Parliamentary Union (IPU) General Assembly rules to accommodate more emergency items.