For a government that is to run for four years (first term) to now literally wake up from slumber, after 40 months from its take-off, to adopt a 90-day economic blueprint, is only exhibiting a clear lack of direction.
President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has unveiled an ambitious plan to establish an extensive petroleum distribution network across Africa.
President Bola Tinubu’s pronouncement of fuel subsidy removal caused quantum spike in the prices of all refined products, particularly Premium Motor Spirit (PMS)—whose price rose from below N200 per liter at the pump to around N800 per liter in a matter of days.
The Nigeria Customs Service has seized 38,700 litres of Premium Motor Spirit, valued alongside an intercepted vehicle at ₦63m, during a six-week crackdown on suspected petroleum smuggling in Adamawa State
The International Monetary Fund (IMF) has warned Nigeria against reinstating blanket petrol subsidies amid mounting political pressure ahead of the elections, urging the Federal Government to prioritise targeted support for vulnerable households facing rising energy and transportation costs.
The Federal Government’s ₦66-per-litre petrol discount offers temporary relief amid rising fuel prices.
Questions persist over whether transport operators will pass the savings on to commuters.
Consumers must use the NNPC Fuel App to access the discount, raising...
Many motorists say in spite of the discount in pump price of petrol at the Nigerian National Petroleum Company Ltd (NNPCL) filling stations, they are yet to access the product.
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.
The Dangote Petroleum Refinery has stopped selling Premium Motor Spirit (petrol) to major marketers that import petroleum products, citing concerns that its high-quality fuel could be blended with imported grades of uncertain quality.
Some Nigerians and economic experts have called for the speedy rehabilitation and restart of refineries to strengthen domestic petrol supply and reduce pump prices.
South African Presidential Spokesperson, Vincent Magwenya, said Ramaphosa had no involvement in the broadcast disruption, insisting that the incident was an operational matter and not a deliberate attempt to silence Nigeria.
