IMF Urges Nigeria To Get Rid Of Fuel Subsidy

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The International Monetary Fund (IMF) has on Friday urged Nigeria and seven other oil-producing countries in Africa to implement politically difficult oil subsidy reforms, as the current drop in oil prices offers unique economic opportunity. Speaking during a press conference in Washington DC, United States of America at the ongoing

Federal Ministry of Industry, Trade & Investment Threatens to Seal Petrol Stations Selling Above N87 Per Litre

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Rufai Mohammed, of the Weight and Measures Department of the Federal Ministry of Industry, Trade and investment, says the department is ready to seal any filling station that refuses to sell petrol at N87 per litre. Mohammed, Assistant Director, Oil and Gas, in the ministry, said this in an interview