Nollywood actress and ardent supporter of President Bola Tinubu, Eniola Badmus has slammed those kicking against the removal of fuel subsidy. Badmus who vigorously campaigned for Tinubu in the run-up to his emergence as President, said in a recent chat with media personality, Daddy Freeze, that even at N617 per …
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The National Bureau of Statistics (NBS) said in June 2023, Taraba topped the list of States with the highest prices of the Premium Motor Spirit (PMS) petrol with N562.31per litre. This was contained in its document titled: “Premium Motor Spirit (PMS) Price Watch June 2023,” that The Nation obtained in …
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The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated that there was a high possibility …
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An economic expert, Dr. Tunji Ogunyemi of the Obafemi Awolowo University (OAU), Ile-Ife, Osun State has backed the plan on total removal of fuel subsidy by the Federal Government. Ogunyemi, in an interview with Rave FM, Osogbo on Friday, said the removal of fuel subsidy is inevitable. He said Nigeria …
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The Abuja Chamber of Commerce and Industry, ACCI, has said that increasing the pump price of Premium Motor Spirit, PMS, popularly known as petrol, would not tame Nigeria’s rising inflation rate. Al-Mujtaba Abubakar, the president of ACCI, made this disclosure on Thursday in Abuja. He said selling fuel at the …
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The queues for Premium Motor Spirit, popularly called petrol, cleared suddenly in most parts of Abuja, Niger, Nasarawa and other states on Wednesday, following the release of about 67 million litres of PMS by the Nigerian National Petroleum Company Limited to marketers. Virtually all the major filling stations that used to …
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Premium Motor Spirit (PMS), popularly known as petrol, is now selling at between N260 and N270 per litre in Awka, the capital of Anambra state. The News Agency of Nigeria (NAN) Correspondent, who monitored fuel availability and price situation on Thursday, reports that the cost of transportation has sharply increased …
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PETROLUEM products marketers have urged the Federal Government to shift subsidies from premium motor spirit (petrol) to Automotive Gas Oil (diesel) to reduce the operational cost of distributing petrol across the country. The independent marketers under the aegis of Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, said the …
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Organised Labour has rejected the unending scarcity of petrol as well as the unapproved hike in the price which is above N240 a litre in the country, urging the government to find an immediate solution to the shortage before things get out of hand. In a statement, the Nigeria Labour …
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There were indications, weekend, that the prolonged petrol shortage in Lagos, Ogun and environs is worsened by illegal practices, especially arbitrary pricing and diversion, to unauthorised locations. Checks by Vanguard showed that some independent oil marketers, who complained about the high cost of lifting the product at depots, have devised means …
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