The Federal Government has raised concerns over the escalating smuggling of Premium Motor Spirit (PMS), commonly known as petrol, due to a significant price hike […]
Tag: Petrol
Independent Petroleum Marketers Concerned as Petrol Prices Soar
Independent petroleum marketers are expressing alarm over the steep rise in the price of Premium Motor Spirit (PMS), commonly known as petrol, at private depots, […]
Petrol Supply Challenges Persist as NNPC Increases Volumes
The petrol supply challenges facing Nigeria have entered their third week, with some improvements noted following the release of more volumes by NNPC Limited. While […]
Federal Government Denies Return of Petrol Subsidy Amidst Claims
The Federal Government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited, has refuted claims of the reintroduction of subsidy on […]
El-Rufai Reveals: FG Has Spent Trillions Subsidising Petrol Since Tinubu’s Presidency
Former Kaduna State Governor Nasiru el-Rufai stated that the Federal Government has been subsidizing petrol (PMS) since President Bola Tinubu’s administration began on May 29, […]
Nigerian Navy destroys 182,000 Litres of Crude Oil in Illegal Refinery Raid
Operatives from the Nigerian Navy Forward Operating Base (FOB) in Igbokoda, Ondo State, have successfully demolished an illegal refinery in the Biokpu/Opouama riverine communities within […]
Economic Woes Worsen in Nigeria as Petrol Price Hits ₦1000 Per Litre
The Nigerian economy may have gone from having a ‘bad day’ to slumping into full blown crisis. On Wednesday, despite the efforts by the […]