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Tag: fuel scarcity

Logo of the Trade Union Congress
Business

TUC threatens to sue FG over Naira, fuel crises

The Trade Union Congress has threatened to sue the Federal Government following the persistent scarcity of naira and hike in the price of petrol. The Punch reported that the National President of the trade union, Festus Osifo said this on Thursday in a press conference at Abuja. In his words, Nigerians are “on the brink […]

As regional groups across the country continue to condemn the hardship faced by citizens, attributed to the removal of fuel subsidy and the foreign exchange crisis which has led to food inflation and high transport cost.
Foods

Naira, fuel crises cause food shortage in Kaduna

Residents of Kaduna State have cautioned of approaching starvation as a result of fuel shortages and new currency that have disrupted the state’s food supply system. DAILY POST reported  that due to lack of money and fuel, several business people that sell food and ingredients have reduced their supplies. “The majority of my suppliers have […]

TETFund urges FG to increase education tax
Business

Buhari holds emergency meeting over naira, fuel crises

President Muhammadu Buhari will call an emergency Council of State meeting on Friday in order to address the issues plaguing the country, including the naira, petrol shortage, and insecurity ahead of the February 25 presidential election. According to Daily Post, on Friday at 10 a.m., the Central Bank of Nigeria, and the Independence National Electoral Commission […]

Mele Kyari
Oil and Gas

Expect fuel scarcity to end next week – NNPCL

The Nigerian National Petroleum Corporation Limited has assured that the ravaging fuel scarcity in the country will come to an end next week.   The Managing Director of the NNPCL, Mele Kyari, said this during a interview on Channels TV on Tuesday.   He said he “could not assure that the queues at the fuel […]

IPMAN ends strike, orders sale of petrol
featured Oil and Gas

IPMAN ends strike, orders sale of petrol

Juliet Buna The Independent Petroleum Marketers Association of Nigeria said it has called off the suspension notice earlier sent to its members following an amicable resolution of the issues of contention. The association had earlier on Monday sent out a notice to its members, directing them to suspend the sale of petrol and to shut […]

Petrol pump
Business

Stop selling fuel, IPMAN orders members

The Independent Petroleum Marketers Association of Nigeria in Maiduguri on Monday ordered marketers to stop selling fuel February 6, 2023. This was owing to the loss being encountered during this period following the Federal Government’s imposed selling price. Last June, the government set a fixed pump price for petrol which is N165 per litre as […]

Fuel scarcity: NNPC releases 67m litres to merchants
Energy

Fuel scarcity: NNPC releases 67m litres to merchants

The delivery of over 67 million liters of Premium Motor Spirit, also known as petrol, to merchants has eliminated all gas lines in various parts of Abuja, Niger, and Nasarawa. According to information provided by the NNPC, some of the 67 million liters of PMS it distributes each day is not only transported into neighboring […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

Why fuel scarcity may last until June 2023

Nigerian oil marketers have indicated that the current challenges with the distribution of Premium Motor Spirit, also known as petrol, may last until June of 2023. The Nigeria’s downstream oil sector, have witnessed a worrisome trend of fuel scarcity since 2022. Nigerian National Petroleum Company Limited, the country’s sole importer, has frequently lamented the heavy […]

Senate probes Niger Delta oil theft
Oil and Gas

2022: Oil theft, fuel subsidy, other Buhari regime challenges

  Oil Theft, Subsidy, Fuel Scarcity are among some of the challenges which the Federal Government tried to address in the Nigeria’s oil and gas sector in the outgoing year. However despite its efforts, little success has been recorded by the Major General Muhammadu Buhari (retd.), led administration. Despite recent improvements, Nigeria’s crude oil output […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
featured Oil and Gas

NNPCL to sell fuel for N148, Tinubu insists on subsidy removal

The Nigerian National Petroleum Company Limited plans to execute a contract with independent oil marketers that would guarantee that the price of gasoline at the ex-depot is N148 per litre. The new managing director of NNPCL Retail, Hubb Stockman, has vowed to directly provide IPMAN members with goods, according to Mike Osatuyi, the national controller […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
News

Scarcity: Two billion litres of petrol available – NNPC

The Nigerian National Petroleum Company Limited has disclosed that it has two billion litres of Premium Motor Spirit popularly known as petrol in stock. According to The News Agency of Nigeria, this is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. According to Adetunji, the inventory of more […]