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The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, disclosed that N8.9 trillion was spent on fuel subsidy by the Federal Government, mainly by previous administrations, between 2006 and 2015.
The Nigerian National Petroleum Corporation, NNPC, Thursday, announced a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.
An economist, Mr Okechukwu Unegbu, says the Federal Government’s removal of petroleum subsidy will unlock the country’s economic prospect.
The Petroleum Products Pricing Regulatory Agency, PPPRA, blamed foreign exchange challenges and prevailing uncertainty for the inability of oil marketers to resume fuel import.
Governor Abubakar Sani Bello has commiserated with the victims of tanker explosion in Lambata, Gurara Local Government Area where houses, shops and vehicles were destroyed.
Mohammed was joined at the briefing by the Minister of Power, Sale Mamman, and the Minister of State for Petroleum Resources, Timipre Sylva.
The Senior Staff Association of Nigerian Universities (SSANU), Monday, warned that except the Federal Government addresses the recent hike in fuel and electricity tariff, the non-teaching staff in collaboration with the Nigeria Labour Congress (NLC), would engage the government in a peaceful protest across the nation, with a view to forcing the government to rescind its decision.
President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.
Following the hike in the pump price of Premium Motor Spirit (PMS) popularly known as Petrol and electricity tariff by the Federal Government, residents in Osogbo on Friday protested the decision describing it as ‘share wickedness’.
The Major Oil Marketers Association of Nigeria (MOMAN) says the deregulation of the sale of Premium Motor Spirit (PMS), also known as petrol, will be beneficial to Nigeria and Nigerians in the long run.
Petrol stations across the country, yesterday, adjusted their pumps to reflect the hike in the ex-depot price of the Premium Motor Spirit, PMS, by the Petroleum Products Marketing Company, PPMC, with some of the stations raising the price to as high as N161 per litre.
Vehicle owners and commuters in Lagos on Thursday decried the increment in pump price of Premium Motor Spirit, also known as petrol, following the new ex-depot price announced by Petroleum Products Marketing Company.
The Nigeria Labour Congress has rejected the increase in price of Premium Motor Spirit, also known as petrol, from N148.50 per liter to N151.56 per litre.
Its Director, Inspectorate and Compliance Directorate, Obiora Manafa, said at the destruction of the products in Lagos, that the affected commodities were classified as life-endangering and unfit for consumption.
The Nigerian Union of Teachers (NUT), Jos East Chapter, on Wednesday decried the non-implementations of the new minimum wage in the state.
The Primate, Church of Nigeria, Most Rev. Henry Ndukuba, on Wednesday called on the Federal Government to urgently come up with programmes to cushion the effects of the hike in petrol prices and electricity tariff on citizens.
The Peoples Democratic Party (PDP), has urged the governments at all levels to articulate strategies to mitigate the menace of flood and forestall such devastation in the future.
US West Coast state to join 15 nations that have set similar goals in order to fight climate change.
Former National Chairman of the All Progressives Congress, Adams Oshiomhole, says he is not downcast even though his party lost the just concluded governorship election in Edo State.
It is said that Atleti will pay the Blaugrana an unspecified transfer fee for the player, who had previously agreed to leave Barcelona on a free transfer before the club blocked his move to Atleti due to the fact they were a rival club.
A former Inspector-General of Police, Mr Mike Okiro, has called for peaceful coexistence among members of the Ex-Niger Delta agitators and other citizens of the country.
Gov. Seyi Makinde of Oyo State, on Wednesday, flagged off the construction of 360 units of houses at Ajoda New Town Housing Estate in Ibadan.
Fresh evidence from the Federal Bureau of Investigations (FBI) has revealed how Ramon Abbas, popularly called Hushpuppi, a Nigerian Instagram sensation, was involved in laundering unemployment benefits meant for citizens of the United States.
Thirteen persons were reported dead in two separate motor accidents along Ilorin-Jebba-Mokwa highway in the Moro local government area of Kwara state early hours of Thursday.