Nigeria: Expert Warns Petrol Marketers Against Hoarding/in /by
[Premium Times] "It is risky for any marketer to attempt to hoard the product...," the professor said.
Nigeria: Fuel Queues – Nigerian Regulatory Agency Warns Against Panic Buying/in /by
[Premium Times] "We, therefore, call on Nigerians to remain calm and resist the urge to stockpile as it poses a significant safety hazard," an official said.
Nigeria: Subsidy Removal Policy Has Grave Implications, Says NLC/in /by
[Leadership] The organised labour has kicked against President Bola Ahmed Tinubu's policy statement on the fuel subsidy removal, saying it has grave implications for the polity.
Nigeria: NNPCL Backs Fuel Subsidy Removal, Promises to Sustain Product Availability/in /by
[Leadership] The Nigerian National Petroleum Company Limited (NNPCL), has applauded the decision by the Federal Government to remove subsidy on Premium Motor Spirit (PMS), also called Petrol.
Nigeria: NNPC Speaks On Subsidy Removal, Cautions Against Panic Buying/in /by
[Premium Times] "Subsidy has been a major challenge for NNPC's continuous operations."
Nigeria: Tinubu – Subsidy Is Gone, Can No Longer Justify Ever Increasing Costs/in /by
[This Day] President Bola Tinubu, yesterday, took the oath of office in Abuja as Nigeria's 16th president, and immediately swung into action, announcing, in his inaugural speech, an end to the country's controversial petrol subsidy. The subsidy had over the years been an albatross that hindered the economy by stripping it of badly needed development funds.
Nigeria: Subsidy Removal – Nigerians May Pay N700/Litre for Petrol From July/in /by
[Leadership] Lagos -- Hard times await motorists as the cost of and other users of Premium Motor Spirit, (PMS), otherwise called petrol as the price may go up to as much as N700 per litre in the days ahead.
Nigeria: Dangote Refinery Will Bring Relief, Address Domestic Demands On Petroleum Products/in /by
[This Day] Abuja -- The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said it welcomed with high expectations the completion and commissioning of the multibillion dollars Dangote Refinery by former President Muhammadu Buhari.
Nigeria: Shell Earmarks $56.13m for Host Community Devt in Bayelsa/in /by
[This Day] The Shell Petroleum Development Company (SPDC), operator of the SPDC joint venture, has unveiled eight Host Community Development Trusts (HCDTs) in Bayelsa State, a critical step for unlocking $56.13 million earmarked for the development of the host communities in line with the provisions of the Petroleum Industry Act (PIA) 2021.
Nigeria: Nigeria’s Oil Rigs Count Slumps 13.3%, Aligning With Lower Crude Oil Production in April/in /by
[This Day] Abuja -- Nigeria's oil rigs count declined 13.3 per cent in April, in tandem with the country's crude oil underproduction during the month, according to a THISDAY review of the latest data released by the Organisation of Petroleum Exporting Countries (OPEC).