Rights activist and former presidential candidate of the African Action Congress, Omoyele Sowore has said that Premium Motor Spirit (popularly known as petrol or fuel) was not cheap before the removal of fuel subsidy by the Federal Government. In a post on his Facebook page Saturday night, Sowore said the term “subsidy removal” was being incorrectly put to push more …

NNPC Limited (NNPCL) has partnered with NIPCO Group to deploy 35 Compressed Natural Gas (CNG) stations nationwide. NNPCL Group Chief Executive Officer, Malam Mele Kyari said the initiative is in addition to the phased deployment of 56 CNG stations planned by NNPCL Retail across the country. He said at a briefing that once the partnership takes off, the stations could …

The President of, Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that apart from international pricing, extortion by security agencies, such as the Department of State Services (DSS), Police and arbitrary levies by government agencies were responsible for the recent increase in fuel price from N537 to N617. The National President of the association, Mr Chinedu Okoronkwo, made the …

Troops of the Nigerian Army, personnel from the Nigerian Security and Civil Defence Corps, and private security outfit, Tantita have uncovered an illegal oil refining site in Ughelli south in Delta. In a statement on Sunday, the Director of Army Public Relations, Brigadier General Onyema Nwachukwu said the security operatives carried out a sting operation on the site after an …

Some Civil Society Organisations (CSOs) have urged the Federal Government to reverse the recent increase in fuel price and expedite actions in introducing palliative measures. They also asked the government to declare a state of emergency on youth unemployment in the country. Pump price of Premium Motor Spirit (popularly called fuel or petrol), was raised from N537/litre to N617/litre on …

The Federal Government has arraigned 12 suspected oil thieves in connection with the intercepted Cameroon-bound vessel laden with 150 metric tonnes of stolen crude oil before the Federal High Court in Asaba. The vessel, MT TURA II, was intercepted on 7th July on Escravos Sea in Delta State with 11 Nigerians and one Ghanaian onboard. On 11th July, the military …

The Federal Government, on Sunday, announced the introduction of four additional regulations to address environmental and safety concerns in the midstream and downstream petroleum sector. It announced this through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja. It said the regulations were in line with the Petroleum Industry Act, 2021. NMDPRA said: “The specific regulations introduced are, …

Seven of the nine oil mineral-producing states left Abuja yesterday with a combined cheque value of N70.408 billion being their allocation from the June 2023 revenue distributed by the Federation Account Allocation Committee (FAAC) on Thursday. Delta State topped the chart with N23,261,593,427.19, according to the breakdown of the allocations obtained by The Nation. Rivers State trailed with N13,192,309,721.26, followed by Akwa …

Nasarawa State Governor, Engr. Abdullahi Sule has disagreed with the argument that the proposed N8,000 palliative by the Federal Government would not do much to cushion the effects of the removal of fuel subsidy on poor Nigerians. The governor, who was a guest on Channels Television’s Politics Today on Friday, insisted that N8,000 is a lot of money for so …

Following the removal of the petrol subsidy and the recent hike in petrol prices to up to N617/litre, the National Executive Council (NEC) has agreed on palliative measures for Nigerians. The decision was reached on Thursday at a meeting held at the Council Chambers of the State House in Abuja. The meeting, which was chaired by Vice President Kashim Shettima, …