FG grants six companies license to import petroleum products
The Federal Government has approved the issuance of licenses to six new companies to import petroleum products into the country.…
Nigerians groan over effects of 7.5% VAT on petrol prices
Nigerians have begun to lament the effects of the introduction of a 7.5 per cent Value-Added Tax on the price…
Petrol subsidy: NEC mulls N702bn as allowance for workers
The National Economic Council (NEC) on Thursday, in Abuja, said it considered recommendations from the National Salaries Income and Wages…
Private sector investment will force petrol price down soon — IPMAN
The Independent Petroleum Marketers Association of Nigeria has said that the price of Premium Motor Spirit also known as petrol…
Removing petrol subsidy suddenly is like forceful removal of tooth, says Peter Obi
Peter Obi, the presidential candidate of the Labour Party (LP), says the removal of the petrol subsidy by the present…
Subsidy: Reps demand NNPCL audit over unaccounted N2tn assets
The House of Representatives has called for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) to determine…
FG, marketers on rough path to fuel subsidy removal
The planned removal of fuel subsidy has thrown the Federal Government, petroleum marketers and other stakeholders off balance in a…
FG reviews gas tariff to attract investors in midstream business
The Federal Government is reviewing gas tariff in a move that will return investment in the gas sector, as the…
Nigeria eyes 600 trillion cubic feet gas reserves with NNPCL projects
As Nigeria targets to grow gas reserves to 600 trillion cubic feet, the Nigerian National Petroleum Company Ltd (NNPCL) has…
Fuel subsidy palliative: Nigerians to share $747m, logistics gulp $53m
’The Federal Ministry of Finance, Budget and National Planning is expected to spend $53 million on hiring staffers, office administration,…