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Tag: Fuel

Fuel prices drop in Niger Republic as Nigeria supplies petrol
News

Fuel prices drop in Niger Republic as Nigeria supplies petrol

The price of Premium Motor Spirit (petrol) in Niger Republic has begun to decline following fuel shipments from Nigeria, The PUNCH reports. Residents in border communities and security sources confirmed that hundreds of petrol tankers from Nigeria have been making their way into Niger Republic, easing the country’s fuel crisis. On March 16, 2025, Sunday […]

Fuel import drop by 1bn liters in seven months – Report
Oil and Gas

Fuel import drops by 1bn liters in seven months – Report

The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel subsidies in June, the nation’s monthly imports of petrol decreased by almost 1 billion liters. According to the NBS statistics, the nation imported 2.09 liters of petroleum in January 2023 and 1.99 billion liters in February of the same year. […]

Dangote names Lekki refinery road after Wigwe
Business featured

Dangote refinery fuel delayed by govt – Report

Dangote Petrochemical Refinery’s plan to release aviation fuel and diesel for sale in the Nigerian market in January appears to have been delayed by unfinished business with regulatory authorities. According to The PUNCH, the largest refinery in Africa is still struggling to get through the several levels of regulatory permissions, one week after the management […]

NNPC, First E&P provide free healthcare in host communities
featured

NNPCL defends fuel import monopoly

Nigerian National Petroleum Company Limited, Mele Kyari, has justified the company’s present monopoly in fuel importation by claiming that oil marketers pulled out of the fuel import market as a result of price volatility. The Punch reported that speaking on Wednesday at the National Assembly complex before the Senate Committee on Finance, Kyari claimed that […]

JUST IN: Fuel price hits N617 per liter
Business

Fuel price hits N617 per litre

The cost of petrol motor spirit, popularly called petrol has risen to almost N617 per liter. According to Daily Trust, an NNPC filling station in Abuja’s Central neighborhood has established that the fuel price has been changed from N539 to N617 per liter and is currently selling at that price. The immediate cause of the increase could not […]

Subsidy: Daily fuel usage drops from 66m to 41m - Report
Business

Subsidy: Daily fuel usage drops from 66m to 40m – Report

The withdrawal of fuel subsidies, announced by President Bola Tinubu on May 29, 2023, has cut Nigerians’ daily use of petrol from 66 million to 40 million. According to Vanguard, this information was made public by the governor of Abia State, Alex Otti, following the National Economic Council’s inaugural meeting on Thursday at the Presidential […]

News

Okonjo-Iweala narrates ordeal with fuel subsidy cabal

The current Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has said that the concept of fuel subsidy removal isn’t new as she narrated her ordeal with a fuel subsidy cabal. According to Vanguard, while she served as the Coordinating Minister of the Economy and Minister of Finance, the removal of fuel subsidies […]