A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
By Obas Esiedesa – Abuja The Nigerian National Petroleum Corporation (NNPC) has reported that it sold N2.015 trillion worth of petrol from November 2019 to November 2020. The corporation in a statement on Sunday said in the month of November 2020 it recorded a trading surplus of N13.43 billion up by 54 per cent when
Read More
The Technical Committee on Premium Motor Spirit (PMS) Pricing Framework has submitted its report to the Federal Government and the Organised Labour. Sen. Chris Ngige, Minister of Labour and Employment, made the disclosure while addressing newsmen at the end of a bipartite meeting with the Federal Government and organised Labour on Tuesday in Abuja. Ngige
Read More
Nigeria Labour Congress, NLC, Monday, rejected the fresh hike in the pump price of Premium Motor Spirit, PMS, commonly known as petrol, which took effect last Friday, demanding for immediate reversal.
Read More
Mr Chris Eze, Chairman, GSM Village, Handsets and Accessories Dealers’ Association, Abuja said the government should have sought citizens’ input before the hike in electricity tariff, pump prize and other essential services. Eze disclosed this during an interview with the News Agency of Nigeria (NAN), on Wednesday in Abuja. According to him, in implementing such
Read More
By Dirisu Yakubu – Abuja As condemnation continues to greet the recent increment in the pump price of the Premium Motor Spirit, PMS, and electricity tariff, students under the umbrella of National Association of Nigerian Students, NANS, Thursday, threatened to embark on a nationwide protest on Monday, September 14 if urgent steps are not taken
Read More
Though the deregulation of petrol is causing hardship across the polity, the initial pain will eventually give way to greater benefits among which include a significant reduction in the price and availability of the product at all times, according to Nigerian President, Muhammadu Buhari. The President stated this on Monday at the First Year Ministerial
Read More
By Rasheed Sobowale Many Nigerians who had earlier bought Premium Motor Spirit (PMS) at a rate of N143 returned to the filling station to be greeted with a new price for the product. Vanguard correspondents who visited filling stations in some states of the country gathered that most of them were on Thursday selling at
Read More
Major Marketers Association of Nigeria (MOMAN) said there is no better time to liberalise the price of premium motor spirit otherwise known as petrol than now that international oil price is below $30 per barrel.
Read More…queries huge expenditure on moribund refineries …warns of difficulty in mobilising revenue, subsidy payment By Michael Eboh The Federal Government has revealed that it spent N1.5 trillion on fuel subsidy in 2019. Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, disclosed this in a communiqué in Abuja. The communiqué was
Read More
IN a bid to cushion the effect of recent slash in the price of petroleum products, the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has appealed to the federal government to come to the aid of its members with soft-loans.
Read More