Entries by AllAfrica News: Petroleum

Nigeria: Why Buhari Could Not Remove Petrol Subsidy – Garba Shehu /in /by

[Premium Times] Mr Tinubu announced the removal of the subsidy on petrol during his inaugural speech on 29 May, leading to the increase in petrol prices by almost 200 per cent.

Nigeria: Subsidy – Lack of License, Foreign Exchange, Others Hinder Fuel Importation /in /by

[Vanguard] Barely a month after deregulation, operators in the downstream sector have not been able to import petrol into Nigeria, due mainly to a lack of license and foreign exchange.

Africa: AfCFTA – Fuel Quality, Auto Policies Needed to Boost Automotive Industry in Africa /in /by

[New Times] While the African Continental Free Trade Agreement (AfCFTA) is expected to boost the automotive industry in Africa, experts argue that poor fuel quality and lack of auto policies remain an impediment to the ambitious goal.

Nigeria: NMDPRA Clears Confusion Over Midstream, Upstream Operations /in /by

[Vanguard] The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, declared yesterday, that the Petroleum Industry Act 2021 established a clear distinction between upstream and midstream operations in the oil and gas sector in the...

Nigeria: Governors, Royal Fathers Also Involved in Oil Theft, Says APC Chieftain /in /by

[Leadership] All Progressives Congress (APC) chieftain and national chairman of Tinubu Support Network (TSN) Engr. Kailani Muhammad, yesterday said besides the military, traditional rulers and governors have been involved in stealing oil for decades.

Nigeria: Subsidy Removal – Uber, Bolt Drivers Suspend Planned Strike /in /by

[Leadership] The Amalgamated Union of App-Based Transport Workers of Nigeria (AUATWON), has suspended its planned strike to dialogue with the government.

Nigeria: Elites Suffer From Fuel Price Hike More Than Ordinary Nigerians – Ex-Lawmaker /in /by

[Premium Times] "Palliatives are being worked out. And very soon, if the president comes back from France, assure you Nigerians will get great news."

Nigeria: Former World Bank President Lauds Tinubu Over Forex Reform, Fuel Subsidy Removal /in /by

[Premium Times] He said actions are expected to bring about essential reforms to enhance currency stability, combat inflation, and tackle corruption in Africa's most populous nation.

Angola: Police Crack Down On Fuel Hike Protests /in /by

[DW] Taxi drivers, street vendors and youth activists have been demonstrating against rising fuel prices, the suppression of street vending and new regulations for NGOs. The state's response have been a heavy-handed one.

Nigeria: Anxiety As Ex-Depot Petrol Price Rises to U.S.$0,71 Per Litre /in /by

[Vanguard] Lagos -- There was palpable anxiety among members of the public yesterday, following a rise in the ex-depot price of petrol by 4.3% to N490 per litre. As a result, some petrol stations have started selling above N500 per litre, N12 higher th...