Planned nationwide strike called off not to encourage lawlessness, Labour clarifies
The nationwide strike action by workers earlier planned for Wednesday, June 7 was suspended to avoid encouraging acts of lawlessness exhibited by the Federal Government, the Nigeria Labour Congress (NLC)…
Subsidy removal: How Nigerian govt plans to remove import-dependent source of domestic fuel supply
To effectively remove the country’s source of petroleum products from being import-dependent, the Federal Government is to expand the domestic refining capacity to meet local fuel consumption demand. At the…
NNPCL releases new ex-depot price for petrol
More than one week after unveiling a new retail price regime for premium motor spirit (PMS), popularly called petrol, in the country, the Nigerian National Petroleum Corporation Limited (NNPCL) has…
OPEC quota: Nigeria to produce 1.38m barrels per day in 2024
Nigeria is to produce an average of 1.380 million barrels per day of the total 40.463 million barrels per day oil production quota set for 2024 by the Organisation of…
Subsidy removal: Opaque fuel pricing mechanism must be removed for credibility
By Auwal Musa Rafsanjani The non-transparent pricing mechanism in the subsidy removal scheme by the regulatory agencies in the downstream sector of the petroleum industry is unacceptable, the Civil Society…
Fuel subsidy removal: Why NNPC hiked petrol price ahead of June ending deadline, says Kyari
The Nigerian National Petroleum Company (NNPC) Limited says Wednesday’s sudden decision to adjust upwards the pump price of premium motor spirit (PMS), popularly called petrol, was informed by the excessive…
NNPC hikes retail pump price for petrol by 195%, as Labour rejects subsidy removal move
Barely 48 hours after the newly sworn in President, Bola Tinubu pronounced the end of fuel subsidy regime in the country, the Nigerian National Petroleum Company Limited (NNPCL) has unveiled…
Fuel Subsidy removal: NNPCL, marketers, others commit toward smooth transition
Key stakeholders in the fuel supply and distribution value chain have agreed to collaborate to ensure a smooth transition into the Post-fuel subsidy regime in the petroleum sector. Some of…
Fuel Subsidy removal: Right move; as NEITI proffers eight strategic steps to consider
With Nigerians still reeling from the aftermath of last Monday’s pronouncement by the newly inaugurated President, Bola Tinubu, on plans to immediately remove fuel subsidy in the country, the Nigeria…
Subsidy removal: NMDPRA calls for restraint over panic buying, as queues return in Abuja, environs
Hours after the Monday’s pronouncement by the newly sworn in President, Bola Tinubu, that subsidy is gone finally on all petroleum products, especially premium motor spirit (PMS), long queues of…