Fuel Scarcity Looms In Abia

Abia State and its environs may soon experience another fuel scarcity as queues have resurfaced in some filling stations while others do not have products to sell. Some of the petrol stations owned by major marketers in state have not had fuel to sell, a situation which has been attributed

President Buhari Warns NNPC

President Muhammadu Buhari has instructed the Nigeria National Petroleum Corporation (NNPC) to review agreements behind a programme to swap crude for refined products. President Muhammadu Buhari

Dealer: ‘Petrol Subsidy Is A Fraud’

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Dealers of petrol in some states of the federation have declared that it is impossible to sell petrol at the government regulated price of N87 per litre. The association of petrol dealers in Ondo and Ekiti state said the unavailability of petrol at the depots of the Nigerian National Petroleum

No Action On Subsidy Removal – Buhari

Contrary to speculations and reports across Nigeria, President Muhammadu Buhari has said he is yet to take any decision on the removal of subsidies on petroleum products. Motorists queue for petrol

Pres. Buhari Urged To End Fuel Subsidy – Transition Committee

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The President of Nigeria, Muhammadu Buhari has been urged by his transition committee to end any intending fuel subsidy program and privatize Nigeria’s four refineries. Speaking to Reuters, a senior source in the APC, who pleaded anonymity on Sunday, said “The removal of the fuel subsidy is one of the

Oma: Of Subsidy & Deregulation

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The recent fuel crisis got the better of most of us. Paying over 200 percent more on transportation is not a nightmare that I ever want to have. Some people were lucky to have fuel that they could use for a little while; but as soon as they ran out,

Saraki Urges Buhari To Remove Fuel Subsidy

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The Chairman, Senate Committee on Environment and Ecology, Senator Bukola Saraki, has urged the incoming administration to completely remove the fuel subsidy and restore normalcy to the petroleum sector, adding that the country was losing a total of $2 billion to fake fuel subsidy operators. The former governor of Kwara

Fuel Scarcity: Factional Labour Leader Warns Of Industrial Action

As the scarcity of petrol lingers across Nigeria, a factional Deputy President of the Nigerian Labour Congress (NLC), Mr Issa Aremu, says workers may be forced to stay at home ‘if government fails to address the problem as soon as possible’. In a statement he issued on Sunday in Kaduna,

Buhari Speaks on Fuel Subsidy & Scarcity Issues: “I Will Try and Find Out What Went Wrong”

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President-elect Muhammadu Buhari is speaking out about the current fuel issues Nigeria is facing. Here are excerpts from a recent interview he had with Daily Trust: One burning issue is fuel subsidy. I believe you are aware of the queues in major cities like Lagos and Abuja.

Fears Over Removal Of Oil Subsidy

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Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be a fraught process, the chief executive of energy company Sahara Group said on Wednesday. Prospects for a removal of subsidies, and a change in government at the end of May,