FG spends N60b yearly to fix ruptured pipelines, records over 1,161 incidents
The Federal Government, yesterday, said it spends N60 billion yearly to repair vandalised pipelines. It also confirmed rupturing of over 1,161 points nationwide between January 2019 and September 2020.
'Increase in fuel price, electricity tariff, inflation pose difficulty for Nigerians'
The Chairman, Courteville Business Solutions Plc, Afam Edozie has said an increase in electricity tariff, inflation rate, fluctuating price of crude oil and increase in the price of Petroleum Motor Spirit.....
Nigerians to pay N234 billion taxes monthly with petrol at N385 per litre
Tougher times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream sector of the petroleum industry,...
Tanker accident causes gridlock on Oshodi-Isolo expressway
Tragedy was averted yesterday when a tanker with registration number MKA-663ZF conveying 44,000 litres of PMS crashed on a Toyota Camry at 5-Star Bus Stop, which led to heavy gridlock
Nigeria may pay more than N200 per litre for petrol in April, says NNPC
Indications have emerged that Nigerians may likely pay more for petrol in April. This was disclosed Thursday by the Group General Manager (GMD) of the National Petroleum Corporation (NNPC), Mele Kyari while reacting to a question about the status of petrol's pump price in the country. Kyari spoke during the weekly presidential ministerial media briefing…
PMS pricing: Stakeholders lament government's indecision
Despite not being captured in the 2021 budget, an average of N155 billion is being paid by the Federal Government to subsidise 2.9 billion litres of Premium Motor Spirit...
Economic managers in policy trap as inflation climbs higher
The Federal Government faces tough choices between control of escalating commodity prices and boosting economic growth as the inflation rate returns to the 2017 level when it almost hit 20 per cent.
New N162 petrol pump price triggers confusion, queries
At a time Nigerians are yet to come to terms with the last increase in pump price of Premium Motor Spirit (PMS), stakeholders in the petroleum industry are divided over a new price of N162 agreed between the Federal Government and the Organised Labour yesterday.
Surviving in a deregulated economy: Odds before Nigerians
With the latest increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol, Nigerians have, no doubt, begun to feel the pressure that comes with deregulation.