IPMAN, MOMAN hail Buhari on petroleum sector performance

May 29, 2020 Editorial III 0

The Independent Oil Marketers Association of Nigeria (IPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN) on Friday lauded the performance of the Muhammadu Buhari-led administration in the petroleum sector. The oil marketers made the commendation in an interview with the News Agency of Nigeria (NAN) in Lagos while appraising the performance of Buhari as the president marks his Read More

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Breaking: Fuel scarcity hits Rivers as filling stations down tools

February 19, 2020 Editor 0

Panic over fuel scarcity which could eventually spread to parts of Nigeria is gathering after filling stations in Port Harcourt, Rivers State capital, stopped sales over arrest of some tanker drivers and seizure of their vehicles. As at the time of filling this reports, residents were already facing tough time trying to fuel their cars with black market sellers taking Read More

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Border closure: Petrol now sells for N300 in border communities – Kwara speaker laments

January 6, 2020 Editorial IV 0

  Speaker, Kwara state House of Assembly, Hon Salihu Yakubu Danladi, Monday expressed worries that the continued closure of Nigeria’s land border was bitting hard on the border communities in Kwara north axis, lamenting that a litter of petrol now sells for between N250- N300. Salihu listed the four district of Baruteen local government area of Kwara state worst hit Read More

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DPR seals 10 petrol stations in Bayelsa for irregularities

October 12, 2019 Editorial III 0

The Department of Petroleum Resources (DPR) in Bayelsa state has said it sealed 10 petrol stations and an illegal liquefied petroleum gas (LPG) station in Yenagoa, over expired licences and lack of basic operational equipment. DPR officials, led by the Head of Operations in the state field office, Mr Ibinabo Jack, paid unscheduled visits to some retail petrol outlets in Read More

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Why fuel scarcity ‘ll be triggered in few days – IPMAN

September 30, 2019 Editor 0

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has warned of imminent scarcity of petroleum products, if private depot owners fail to settle backlog of Petroleum Equalisation Fund (PEF). The chairman of the North-west zone of IPMAN, Bashir Dan-Mallam, issued the threat while briefing journalists in Kano at the weekend. The Nigerian National Petroleum Corporation (NNPC) had cautioned the private Read More

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Fuel scarcity looms as NUPENG issues strike notice

August 2, 2019 Editor 0

Nigeria may be on the verge of another round of fuel scarcity as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) Wednesday issued a seven-day strike notice over non-compliance of an agreement reached by Chevron Nigeria Limited with the union on June 20.  In a statement signed by its president and general secretary, Prince Williams Akporeha and Afolabi Read More

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Breaking – Looming fuel scarcity: NNPC, NUPENG meet

August 1, 2019 Editor 0

Officials of Nigeria National Petroleum Company and that of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) are currently meeting in Abuja to avert industrial action as a result of the seven-day ultimatum issued to the Federal Government on Wednesday. Should authorities fail to reach a truce, a fuel scarcity could surface. Details loading…

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Fuel subsidy removal: To be or not to be?

July 13, 2019 Editorial III 0

As the calls to end subsidy on the petroleum sector get louder, will the government take the bull by the horn and end the fuel subsidy debate? BENJAMIN UMUTEME asks. The fuel subsidy policy was introduced in Nigeria as a means of stabilising the price of fuel until the local industries pass the rehabilitation process. When it was introduced several Read More

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Nigeria at the verge of bankruptcy – Emir Sanusi

June 26, 2019 Editor 0

Emir of Kano Muhammadu Sanusi II has said the sustenance of the much pronounced subsidy regime on petroleum products by successive administrations is the precursor of the country’s continued stunted economic growth. The monarch also said there were indications that Nigeria was heading towards economic bankruptcy. Speaking Tuesday at the 3rd national treasury workshop held at the Coronation Hall, Kano Government House, Sanusi Read More

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Motorists groan as fuel scarcity hits Abuja, Lagos; petrol tanker explodes in Gombe

April 13, 2019 Editor 0

Fuel scarcity has slowed down economic and social activities in Lagos and NIgeria’s capital Abuja, despite assurances from Nigeria National Petroleum Corporation (NNPC) that it had enough in stock. Some of the motorists who were in various filling stations to purchase petrol were shocked to witness unprecedented queue since Friday evening. The federal government had barely three years ago assured Read More

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NNPC boss to Nigerians: No price hike for now

April 4, 2019 Editorial II 0

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru has said there were no plans to increase the price of petroleum products for now. Baru said though there was an agency saddled with the responsibility of fixing petrol price, President Muhammadu Buhari has said there would be no increase pump price of petroleum products for now. Read More

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Surviving the Fuel Scarcity

January 6, 2018 Blueprint 0

By Eric Amazu Beyond the lessons which the religious leaders draw for the rest of us as the essence of Christmas, the Christmas has lots and lots of personal meanings for individual Nigerians. It could be time to take a deep rest after a long year characterised by work or studies. It could also be time to undertake that long Read More

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Fuel Scarcity: Labour mulls industrial action if …’

December 30, 2017 Blueprint 0

Organised labour has threatened to embark on a nationwide strike if the ongoing fuel shortage ravaging the nation persists till next year. A press statement issued yesterday said it also hailed the President of the Senate, Bukola Saraki, for directing the Senate Committee on Petroleum Resources (Downstream) to cut short its recess and immediately convene industry stakeholders meeting in a Read More

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Fuel scarcity: Buhari’s first baptism of fire

December 16, 2017 Blueprint 0

For the first time in close to three years, Nigerians are experiencing acute shortage of Premium Motor Spirit(PMS), otherwise known as petrol, and the fuel queues are still long despite assurances from the Nigerian National Petroleum Corporation(NNPC) and Minister of Information and Culture, Alhaji Lai Mohammed as JERRY UWAH, BASHIR MOHAMMED, MUSA BUBA, SALIHU OYIBO, DANIEL AGBO and USMAN IBN Read More