JUST IN: Nigeria’s fuel import bill rises by 42% to N1.09trn in six months
…Records 39% dip in crude oil export to N4.5trn By Michael Eboh Nigeria spent N1.09 trillion to import Premium Motor Spirit, PMS, also known as petrol, in the first six months of 2020, rising by 42.3 per cent, compared to N766.06 trillion recorded in the same period in 2019, according to data obtained, weekend, from […]
COVID-19 lockdown: FG begins monitoring of fuel supply
The Federal Government, yesterday, disclosed that it would continue to monitor the petroleum downstream sector to ensure unhindered supply of Premium Motor Spirit (PMS), also known as petrol, across the country during the period of the New Coronavirus (COVID-19) pandemic lockdown.
No stoppage of fuel supplies nationwide, NUPENG assures Nigerians
By Victor Young Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, this morning assured Nigerians of uninterrupted fuel supplies nationwide as the nation battled to contain the spread of the coronavirus, COVID-19 pandemic. The union explained that uninterrupted products supplies nationwide are part of its contributions to lessen the hardships and pains Nigerians are […]
Pump-price: Youths close 7 petrol stations in Bayelsa
The Central Zone of Ijaw Youth Council (IYC) has locked down seven petrol filling stations in Yenagoa for allegedly not adjusting to the N125 pump-price.
DEREGULATION: Fuel price to be reviewed April 1 — PPPRA
In a move signalling possible deregulation of the downstream sector, the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, said that there is the possibility of a new price regime for Premium Motor Spirit, PMS, also known as petrol on April 1, noting that the new N125 per litre pump price will last till the end of March 2020.
UPDATED: Buhari reduces petroleum pump price to N125
STRONG indications emerged that the Federal Government may have reduced the pump price of Premium Motor Spirit, PMS, from N145 per liter to about N130.
Oil crash: Fuel price dips further to N112.26 per litre
The persistent decline in the price of crude oil in the international market on Thursday forced down the price of Premium Motor Spirit, also known as petrol in the Nigerian market, as data released yesterday, by the Petroleum Products Pricing Regulatory Agency, PPPRA, revealed that the market price of PMS has dropped to N112.26 per litre.
Nigeria’s fuel import drops by 42% to N1.7trn in 2019
By Michael Eboh Nigeria spent N1.713 trillion on importation of Premium Motor Spirit, also known as petrol, in 2019, representing 42 percent decline from N2.95 trillion spent in 2018. National Bureau of Statistics, NBS, disclosed this in its Foreign Trade Statistics for the Fourth Quarter of 2019. According to the NBS data, fuel import accounted […]
Nigeria spent N1.7trn to import fuel in 2019
Nigeria spent N1.713 trillion on the importation of Premium Motor Spirit, also known as petrol, in 2019, according to data obtained Monday, from the National Bureau of Statistics, NBS.
Coronavirus: FG allays fears over disruption in fuel supply
By Michael Eboh The Federal Government allayed fears over a disruption in petroleum products supply in Nigeria due to the spread of the Coronavirus, COVID-19, stating that in January 2020, 1.829 billion litres of Premium Motor Spirit, PMS, also known as petrol, was supplied across the country. In a statement in Abuja, Executive Secretary of […]
Three persons, houses, burnt as petrol tanker explodes in Ogun
James Ogunnaike – Abeokuta At least three persons including a woman, her daughter and a vulcanizer on Friday suffered varying degrees of burns following a petrol-laden tanker, which fell and exploded at Ijaiye-Tutun, Alamala Barracks in Abeokuta North local government area of Ogun State. The victims were rushed to Federal Medical Center, Idi-Aba, Abeokuta for […]
Rivers fuel strike aborted as Wike intervenes
PORT HARCOURT – NORMALCY is creeping in Rivers state as disputing parties yesterday aborted four days of fuel tanker drivers and marketers strike which had unsettled transportation, forced hike in fares and dealt untold hardship on motorists and commuters.
FG spent N12.7bn to subsidise fuel in five days
THE Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N12.69 billion to subsidise Premium Motor Spirit, PMS, in five days, between Monday, December 16 and Friday, December 20, 2019.
My invention will reduce fuel price to N65, Says Venture prize winner
..wins 1st APP students venture prize with N1.5m By Ike Uchechukwu Mr Emmanuel Uchechukwu an undergraduate of the Federal University of Technology (FUTO) Owerri who won the first African plus Partner students venture prize of N1.5m has revealed that his invention will reduce PMS price to 65 naira. Uchechukwu a 300 level undergraduate of […]
Customs Seize Caskets Containing 19 Jerry Cans Of Petrol in Ogun
James Ogunnaike Men of the Nigeria Customs Service have intercepted 19 Jerry cans of Premium Motor Spirit (PMS) concealed in two caskets with a view of smuggling it out of the country in Idiroko area of Ogun State. This was contained in a statement by the Public Relations Officer of the command, Abdullahi Maiwada and […]
Fuel price rises to N172.81, subsidy hits N27.81/litre
The amount the Federal Government, through the Nigerian National Petroleum Corporation, NNPC, is paying for subsidy on Premium Motor Spirit, PMS, also known as petrol, has risen to N27.81 per litre, according to data released, yesterday, by the Petroleum Products Pricing Regulatory Agency, PPPRA.
