FUEL

The Centre for the Promotion of Private Enterprise (CPPE) has defended the Federal Government’s temporary fuel price relief initiative implemented through the Nigerian National Petroleum Company (NNPC) Limited, arguing that the intervention does not amount to a return to petrol subsidy.

Announced amid renewed pressure from high fuel prices, rising transport costs and persistent household hardship, the initiative is being presented by the government as a targeted intervention to cushion the impact of global crude oil price volatility without returning the country to the costly petrol subsidy regime abolished in May 2023.

March 26, (THEWILL) — Small and medium-sized enterprises (SMEs) are facing mounting challenges as rising fuel costs and persistent inflation continue to erode profit margins and disrupt operations. In recent times, the sharp increase in petrol prices has significantly driven...

June 22, (THEWILL) – Nigeria’s much-publicised shift away from refined petroleum imports in 2023, following the commissioning of the Dangote Refinery, has not led to an anticipated rebound in the naira’s value. The mega refinery, which began operations in...

August 17, (THEWILL) – Data seen by the THEWILL has unveiled how Matrix Energy imports substandard petroleum products into Nigeria, including Premium Motor Spirit (PMS), diesel and Jet A-1 fuel from Russia and Malta. Owned by businessman Abdulkabir Adisa Aliu,...

March 04, (THE WILL)- Every day, the Nigerian National Petroleum Company Limited (NNPCL) keeps spewing absurdities that at best make the organisation look outrightly dubious or rather deceptively opaque. Shell Petroleum Development Company of Nigeria, the local affiliate of the...