FG to cut fuel imports, grow Forex reserves with biofuels policy
The Federal Government, yesterday, said it is set to introduce a Biofuels Policy that would cut Nigeria’s fuel import by five per cent in the short term and up to 20 per cent in the medium, and which would also help grow the country’s foreign exchange earnings.
Fuel scarcity: Forex frustrates products importation
LAGOS — The inability of marketers to access foreign exchange from banks is said to be frustrating the importation of petroleum products, especially, premium motor spirit, PMS, or petrol, which is in very high demand in the county.
Kogi Guber Poll: Fuel scarcity forces voters opt for water transportation
Prospective voters from revirine communities in Kogi-East Senatorial District on Friday opted for water transportation to enable them reach their towns and villages ahead of Saturday’s Governorship election in the state.
Oil magnate urges FG to remove fuel subsidy
An oil magnate, Chief Tony Onukeme, has advised the Federal Government to remove all forms of subsidy in petroleum products.
Oil marketers vow to end fuel scarcity
By Michael Eboh OIL marketers, yesterday, promised to support measures put in place by the Federal Government to end the fuel crisis currently witnessed across the country in the next couple of days. This was even as the Nigerian National Petroleum Corporation, NNPC, stated that 37.97 million litres of fuel, comprising about 557 truckloads of […]
Fuel scarcity: Be patient, FG tells Nigerians
THE Federal Government, yesterday, urged Nigerians to exercise patience over the fuel crisis currently witnessed across the country, while it assured the public that the fuel queues currently witnessed in petrol stations would disappear within the next 72 hours, as it has stepped up activities to ensure a significant increase in fuel supply.
