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PMS

20 Mar 2020
Social Integrity Network (SINET) yesterday asked President Muhammadu Buhari to discontinue payment of subsidy on Premium Motor Spirit (PMS) as part of measures to cushion the effect of failing oil prices and block leakages in the scheme.
1 Nov 2019
It was pandemonium yesterday in the bursting commercial centre of Onitsha, Anambra State when residents took to their heels to escape a possible explosion immediately a tanker laden with Premium Motor Spirit (PMS) fell into a ditch along Enugu-Onitsha Expressway by Chipex Filling Station, spilling its content.
18 Aug 2019
Daily, an estimated seven million litres of Premium Motor Spirit (PMS), better known as petrol, valued at N1, 085t is smuggled from Nigeria to neighbouring West African countries. With daily consumption of about 52 million litres of petrol per day according to the Department of Petroleum Resources (DPR)
12 Aug 2019
The Managing Director of Peace Mass Transit (PMT), Dr. Maduka Onyishi, says he has returned the sum of N2.2 billion, which was wrongly paid into his First Bank of Nigeria account.
7 Jul 2019
The unending subsidy regime on Premium Motor Spirit and government’s continuous intervention in the power sector do not only drain the nation’s economy, but also retard the development of oil and gas, as well as the power sector. Some economic experts and stakeholders are of the view that subsidy payment itself does not constitute an…
20 Apr 2019
As Christians celebrate Easter, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, said the country has over 1.7 billion litres of Premium Motor Spirit (PMS) in stock. Assuring that the product is enough to meet demand over the next 35 days, Baru reaffirmed their readiness to ensure adequate supply all…
14 Apr 2019
The Federal Government’s tacit endorsement of the International Monetary Fund’s (IMF) advice on fuel subsidy removal has already triggered far-reaching consequences, with most petroleum marketers hoarding or rationing Premium Motor Spirit (PMS). Expectedly, this has led to fuel queues appearing across the country. The planned subsidy removal notwithstanding, the inability of the Federal Government and…
14 Apr 2019
For a country that its total debt profile has risen to N24.387t, where subsidy for imported petrol stood at N10t between 2006 and 2018, and where the number of poor Nigerians stands at 91 million, while unemployment figure settles at 20.9 million, the Federal Government is only rubbing salt in the wound if yearly losses…
24 Mar 2019
Sterling Bank Plc in partnership with Premier Medical Systems (PMS) and PharmAccess Foundation has hosted Digital Health Summit to improve healthcare delivery in the country. Chief Executive Officer (CEO) of the bank, Abubakar Suleiman said the collaboration is aimed at transforming the country’s healthcare sector for better service delivery in the area of digital platforms.…
15 Aug 2018
The Nigerian National Petroleum Corporation (NNPC) has said arrangement has been concluded for a new 100,000-barrels-per-day brownfield refinery each in Port-Harcourt, Rivers State and Warri, Delta State. According to the Group Managing Director of NNPC, Dr. Maikanti Baru, the plan is part of the corporation’s initiative designed to boost local refining capacity to end petroleum…
22 Feb 2018
Two oil marketers have allegedly diverted 16 trucks of petroleum products meant for Adamawa State. The Controller of Operations of the Department of Petroleum Resources (DPR) for Adamawa and Taraba states, Mr. Mohammed Alaku, disclosed this yesterday in Yola. He said the ghost marketers loaded the trucks from the Calabar depot and claimed Adamawa as…
19 Jan 2018
Prices of petroleum products including Premium Motor Spirit (PMS) also known as petrol, Household Kerosene, and Automotive Gas Oil (AGO) or diesel...

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