fuel subsidy
Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Spirit, popularly called petrol, should not be less than N800/litre if there was no subsidy on the commodity. Petrol currently sells at between N580/litre and N617/litre depending on the area of purchase, as […]
Oyo State Governor, Seyi Makinde on Monday inaugurated an eleven-member committee tasked with reviewing workers’ salaries and addressing other demands by labour unions, in response to the directive from national labour union leaders following the removal of fuel subsidy. The committee to be headed by the Secretary to the State Government, (SSG), Prof Olanike Adeyemo has a four-week mandate to […]
The Federal Government, on Monday, denied reintroducing the subsidy on Premium Motor Spirit, popularly called petrol, amid the closure of many filling stations nationwide due to various challenges in the downstream oil sector. It also said the pockets of queues observed by motorists in petrol stations across the country stemmed from hiccups in product distribution […]
The fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, is making Nigerians apprehensive of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol. Although the Nigerian National Petroleum Company Limited and other oil marketers have not announced any increase […]
The organised labour has said it will hold its planned nationwide protest on Wednesday despite the Monday rollout of subsidy removal palliative plans by President Bola Tinubu. Tinubu had in a national broadcast unveiled N500bn palliative for manufacturers, small businesses and farmers. He also released plans to increase salaries and acquire 3,000 mass transit buses. […]
The Nigeria Labour Congess (NLC) has declared a nationwide strike from next Wednesday. This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”. The union announced the industrial action on Friday, following a meeting of its National Executive Council […]
The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against […]
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