Entries by AllAfrica News: Petroleum

Nigeria: The False Economics of Fuel Subsidy

[Daily Trust] In faraway Beijing, China, last Friday, President Bola Ahmed Tinubu removed any doubts that he fully endorsed the latest hike in petrol prices by defending it, yet again, as a part of his "bold" and "necessary" policy decisions for the lo...

West Africa: Diversification – Nigeria Rakes in $2.7bn From Non-Oil Exports in First Half of 2024

[Vanguard] Nonye Ayeni, Executive Director and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), says Nigeria recorded total receipts of $2.7bn from non-oil exports in the first half of 2024.

Nigeria: EFCC Arraigns Suspected NNPCL Director Impersonator for N100 Million Fraud

[Premium Times] The suspect allegedly presented himself to his victim as NNPCL's Group Executive Director and promised to assist him procure over 2,000 litres of petroleum products.

Nigeria: Fuel Hike, Scarcity Created By Bad Governance – Ohaneze Youths

[Leadership] Youth wing of Ohanaeze Ndigbo has said the recent hike in petroleum pump price is as a result of several years of bad administration in the sector, and absolved the minister of state for petroleum resources (oil), Senator Heineken Lokpobir...

Nigeria: SERAP Gives Tinubu 48 Days to Reverse Petrol Price Hike

[Daily Trust] Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his position and "good offices" to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the "apparently illeg...

Nigeria: Fuel Pump Price… Pressure Mounts for Immediate Reversal

[Leadership] More organisations and individuals have warned about the severe impact of the latest fuel price increase on businesses and households.

Nigeria: Petrol Price Hike – Transport Fares Surge 50 Percent Nationwide

[Daily Trust] Commuters express worry; protest breaks out in Delta Inflation may rise further - MAN Afenifere, PDP demand reversal of increase TUC asks govt to rescind decision Tinubu didn't bargain fuel price for minimum wage, Presidency tells NLC

Nigeria: Atiku Congratulates Dangote On New Refinery, Lauds His ‘Can Do’, Spirit

[This Day] Abuja -- Former President Atiku Abubakar yesterday lauded the 'can do' spirit of Africa's richest person, Alhaji Aliko Dangote on the new 650,000 barrels per day oil refinery, especially with the imminent release of petrol from the facility.