Following the Department of State Services’ intervention, the Nigerian National Petroleum Company Limited will now sell petrol to the Independent Petroleum Marketers Association of Nigeria at N995 per litre The Nigerian National Petroleum Company Limited (NNPCL) has officially agreed to supply Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at…
Nigerian Electricity Regulatory Commission (NERC) reveals that Benin and Togo have outstanding electricity debts totaling $5.7 million for the second quarter of 2024 Benin and Togo owe Nigeria $5.7 million in outstanding electricity payments for power consumed in the second quarter of 2024, according to the Nigerian Electricity Regulatory Commission (NERC). The unpaid sum is…
Discussions between Dangote Petroleum Refinery and marketers to finalize petrol pricing and supply agreements The Independent Petroleum Marketers Association of Nigeria (IPMAN) is preparing for key discussions with Dangote Petroleum Refinery, scheduled between Tuesday and Wednesday, to finalize agreements on the pricing and distribution of petrol from the newly operational $20 billion Lekki-based refinery. Reports…
Senator Ali Ndume warns President Tinubu against advisers promoting detrimental policies that are escalating hardships for Nigerians Senator Ali Ndume, representing Borno South, has expressed concern over the rising cost of living in Nigeria, attributing the hardship to harmful economic policies advised by certain individuals within President Bola Tinubu’s administration. The senator believes that these…
With the removal of fuel subsidies in Nigeria, many vehicle owners are considering switching to compressed natural gas (CNG) as a more cost-effective alternative. On August 19, 2023, President Bola Tinubu launched the Presidential Compressed Natural Gas Initiative (PCNGI) to encourage this transition. The government has been setting up CNG conversion centers across the country…
New Price Hikes for Number Plates and Driver’s Licenses Add to Nigerians’ Financial Burden The Tinubu government increases license and number plate fees amid growing economic challenges, further burdening Nigerians with higher costs for essential services. The Joint Tax Board (JTB) has announced a significant hike in the prices for national driver’s licenses and vehicle…
Understanding the Factors Behind NNPCL’s Recent Fuel Price Hike The NNPCL fuel price increase has sparked widespread discussions across Nigeria. According to petroleum marketers, the complete removal of subsidies on Premium Motor Spirit (PMS) by the Nigerian government is the key reason for the hike in fuel prices. As of October 2024, the Nigerian National…
Hardship: I Can’t Afford Diesel Anymore, People Aren’t Addressing Hunger — Rotimi Amaechi Expresses Frustration Former Minister of Transportation, Chibuike Amaechi, has voiced his deep frustration with how Nigerians are handling the worsening economic crisis. In a recent interview with Igbere TV, Amaechi shared his concerns about the rising cost of living and criticized the…
Fuel prices in Abia State drop significantly as the Nigeria National Petroleum Company (NNPC) launches a portal for direct fuel requests and payments from independent petroleum marketers. Fuel prices in Abia State have experienced a noticeable reduction, dropping from N1,300–N1,350 to between N1,150 and N1,200 per litre. This welcome decline follows the Nigeria National Petroleum…
As part of a new economic directive from President Tinubu, the Nigerian government begins crude oil sales in naira to local refineries, signaling a shift in the country’s oil trade policies In a significant policy shift, the Nigerian government has officially commenced naira-based crude oil sales to local refineries, including Dangote Refinery, following a directive…
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