The Public Affairs Service of CMC Connect LLP, a leading communications consultancy, has counselled the Bola Tinubu administration to channel fuel subsidy funds into investment in public infrastructure, education, health care, agriculture, and jobs creation, among other critical areas. In its advisory on the fuel subsidy tango between the government, labour and the citizens, the firm, which however disagreed with …

President Bola Tinubu, on Thursday, in Abuja, directed Service Chiefs and heads of security and intelligence agencies to “crush” perpetrators of oil theft, saying that his administration would not tolerate the menace. Tinubu also said that, on his watch, insecurity would not bring Nigeria to its knees, while other countries record achievements in key sectors of their economies. The President …

Group Chief Executive Officer of NNPC Limited, Malam Mele Kyari has said that contrary to speculations, the Muhammadu Buhari administration did not make provisions for petroleum subsidy in the 2023 budget. At a meeting with the Senator Abdullahi Adamu-led APC National Working Committee of the All Progressives Congress, held at the party’s National Secretariat in Abuja earlier today, Kyari said: “There …

The Federal Government and organised labour could not reach a consensus in their discussion last night on the hike of petrol pump price, which became effective yesterday. According to the new price template release by the NNPC Limited, Premium Motor Spirit (better known as petrol) will now sell for between N488 and N557, depending on the location. The old rate was …

Former Ekiti State governor, Mr, Ayodele Fayose has said that President Bola Tinubu has taken the best and wisest decision for the collective good of Nigeria and its people on the removal of fuel subsidy. During his inaugural speech on Monday, the President said that the subsidy is no longer sustainable in Nigeria, stressing that it is gone.’ Fayose, a …

Award-winning Nigerian singer, Tiwa Savage has lamented the resurfacing fuel scarcity due to the announcement of the removal of subsidy by President Bola Tinubu. The singer, who recently returned to the country from Brazil, where she went on holiday, said she came back home to fuel scarcity and an epileptic power supply. She also bemoaned the damage to one of …

NNPC Limited has jerked up pump prices of Premium Motor Spirit (better known as petrol) from N195 per litre to between N488 in Lagos and some other cities; to a maximum of N557 in Maiduguri, the Borno State capital; and Damaturu, capital of Yobe State. According to NNPC Limited, the new price regime becomes effective from today (31st May). In …

The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said that the Federal Government spent over N11 trillion on rehabilitating refineries from 2010 to date. The committee chairman, Hon. Ganiyu Johnson, however, failed to convince the Deputy Speaker, Hon. Ahmed Wase, who chaired the Committee of the Whole, to consider the report. Wase …

Suspected vandals on Tuesday busted one of the petroleum product pipelines in Ijedodo, Igando-Ikotun Local Council Development Area of the Lagos State. This followed fuel scarcity as a result of hoarding of the products, which has caused untold hardship on motorists and commuters. The sate Fire and Rescue Service, Lagos State Emergency Management Agency (LASEMA) and Nigeria Police and other …

A team from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday carried out a raid on filling stations in Osogbo, where they sealed a filling station in the Olaiya area for hoarding fuel despite instruction by the agency to dispense the product. During the raid in the capital city of Osun state, they also forced many owners …