THE Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it will no longer fix prices or release templates for Premium Motor Spirit (PMS), popularly called petrol.
The agency’s Authority Chief Executive (ACE), Farouk Ahmed, who...
MANY primary school pupils and secondary school students were stranded at various bus stops Thursday morning in working class suburbs of both Abuja and neighbouring Nasarawa State over sharp increase in transport fare, following the...
THE Nigeria Employers’ Consultative Association (NECA) has said that increase in the pump price of petrol would further accelerate inflation, which would distort and destabilise economic activities.
Its Director General, Mr Adewale-Smatt Oyerinde, made the assertion...
THE meeting between the federal government and leadership of organized labour (NLC) over removal of subsidy on petrol ended on Wednesday without an agreement.
The meeting which began around 4 pm on Wednesday at the Presidential Villa,...
SPEAKER of the House of Representatives, Hon. Femi Gbajabiamila, on Tuesday restrained members of the House from expressing their feeling on the removal of subsidy on petrol by President Bola Tinubu on Monday.
President Tinubu had...
THE Trade Union Congress of Nigeria (TUC) on Tuesday in a statement rejected the removal of petrol subsidy by President Bola Ahmed Tinubu in his inaugural address after been sworn on Monday in Abuja.
In a...
PRESIDENT Bola Tinubu has categorically declared that there would no longer be subsidy on petrol as the current 2023 budget he glimpsed does not contain it, thereby setting a stage for direct confrontation with organised...
THE President of Dangote Group, Alhaji Aliko Dangote, said Monday that the first refined petroleum products from the 650,000 barrels per day Dangote Refinery would hit the market before the end of July.
Alhaji Dangote disclosed...
Demands for Pan African Alliance for Industrialisation
THE Monday inauguration of the 650,000 barrels per day (bpd) Dangote Oil Refinery by President Muhammadu Buhari expected to meet 100 per cent of Nigeria’s demand for...
HOW true is the claim that Nigeria is subsidising PMS consumption in other neighbouring countries? In January 2022, the Minister of Finance, Zainab Ahmed, declared that the daily PMS consumption rate was 65.7 million litres....
