fuel scarcity Archives

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank

Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank

The World Bank has predicted that Nigeria’s economic growth will be affected by fuel scarcity and rising inflation in the country. This is coming after the apex bank projected that Nigeria’s economy would grow by 3.4 per cent in 2022 but decline to 3.2 per cent in 2023 and 2024. According to The PUNCH, the new […]

agencyreport
27th June 2022
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Oil and Gas

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators

Oil operators on Sunday revealed that the Federal Government spends N40.1bn daily when subsidising every litre of Premium Motor Spirit, popularly called petrol by at least N600. According to data obtained from the Nigerian National Petroleum Company Limited, this also means that the government is spending about N1.243tn on fuel subsidies every month. Also, the […]

enitan
27th June 2022
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125 Views

Energy

End NNPC’s monopoly, oil marketers tell FG

Amid the lingering fuel scarcity rocking the country, oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroleum Corporation. The marketers under the auspices of the Major Oil Marketers Association of Nigeria said this during a briefing with newsmen said as part of permanent […]

agencyreport
23rd June 2022
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197 Views

Nigerians bought petrol N191.65 per litre September- NBS

Oil and Gas

Petrol price rose to N173.08 in May –NBS

The National Bureau of Statistics says the average retail price paid by consumers for Premium Motor Spirit (petrol) increased to N173.08 in May. This is according to the NBS Premium Motor Spirit Price Watch for May, 2022 released in Abuja on Saturday. The report said the increase indicates a 2.99 per cent increase when compared […]

agencyreport
18th June 2022
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216 Views

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Tag: fuel scarcity

Inflation, fuel scarcity’ll weaken Nigeria’s economic growth – World Bank

FG spends N40.1bn daily as fuel subsidy hits N600 per litre – Operators

End NNPC’s monopoly, oil marketers tell FG

Petrol price rose to N173.08 in May –NBS

Bank of America to settle Epstein sex trafficking.

Nigeria missing as Namibia tops Africa’s 2026 quality.

No iPhone hacked with Lockdown feature turned on.

Lagos ranked first in Nigeria’s ease of doing.

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