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OIL SUBSIDY QUAGMIRE: Nigeria spends N18.39bn daily on petrol subsidy – Zainab Ahmed, finance minister

By Linus Aleke The Federal Government yesterday disclosed that it is currently paying N283 as a subsidy on every litre…

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Operators sound the alarm bell: Fuel queues may soon return

By Seyi Odewale Long queues at fuel stations in major cities across Nigeria continued yesterday as petroleum products, particularly the…

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Fuel scarcity in Abuja, other areas caused by inadequate supply – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed the inadequate supply of petrol from the depots in Lagos…

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Police arrest six suspects over theft of 40,000 litres of PMS

The Police Command in Kaduna State says it has arrested six persons over the alleged stealing of 40,000 litres of…

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Remove petrol subsidy, expert urges FG

An oil and gas expert, Mr James Gooder, has advised the Federal Government to remove subsidy on Premium Motor Spirit…

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IPMAN blames private depot owners for hike in PMS price

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday blamed private depot owners for the hike in the pump…

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How NASS, others intervened in aviation fuel price reduction

The House of Representatives and the Nigerian National Petroleum Company Limited (NNPC Ltd) last week facilitated a deal between petroleum…

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Fuel scarcity: New plan to reverse current crisis in progress – Presidency 

By Cross Udo The federal government has initiated a nationwide, round-the-clock premium motor spirit (PMS) distribution plan, which will ensure…

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Fire guts building as PMS tanker explodes in Lagos

A three-storey building in the Mushin area of Lagos State was on Wednesday gutted by fire following the explosion of…

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Motorists express divergent views on fuel scarcity

Motorists in Abuja have continued to experience hardship following the scarcity of Premium Motor Spirit (PMS), also known as petrol.…

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