Headlines

Fuel price hike: Yoruba Union tells Tinubu to resign now

DailyTimesNGR DailyTimesNGR 10 September 2024 0

.Solicits support for October protests over hardship BY IDIBIA GABRIEL The Yoruba Union (Igbinmọ Majekobaje Ilẹ-Yorub) has called for President Bola Tinubu’s resignation in response to soaring fuel prices and the worsening hunger affecting the southwest region and Nigeria as a whole. The union

News

Unemployed Nigerians, youths to protest against fuel price hike

DailyTimesNGR DailyTimesNGR 6 September 2024 0

A Civil Society Organization, Empowerment for Unemployed Youth Initiative (EUYI), has begun organizing a peaceful protest, rallying youths, unemployed individuals, and others facing daily economic hardship, against the recent increase in fuel prices by the Nigerian National Petroleum Company Limited (NNPCL). Speaking to journalists in Abuja, EUYI’s National

Headlines

Fuel queues resurface in Lagos amid stock shortage

DailyTimesNGR DailyTimesNGR 19 August 2024 0

Fuel queues have resurfaced in Lagos as many filling stations ran out of stock, leading to closures and long lines at the few stations still dispensing fuel. Checks by the News Agency of Nigeria (NAN) on Sunday in Lagos revealed that most filling stations along Ikorodu Road were not selling. However, the Nigerian National Petroleum […]

News

Fuel Queues: God Has Asked Kyari To Go and Let Nigerians Suffer No More – Christian Youths

DailyTimesNGR DailyTimesNGR 12 August 2024 0

The Christian Youth Forum of Nigeria (CYFN) has called for the immediate removal of Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company Limited (NNPC Limited), over his handling of the persistent fuel queues across the country. In a statement by its National President, Rev. Phrank Ochiga, the group described Kyari’s leadership […]

News

Fuel scarcity persists in Nigeria almost one year after subsidy removal

DailyTimesNGR DailyTimesNGR 26 April 2024 0

Nearly a year after the Nigerian government phased out fuel subsidy, citizens have continued to face persistent fuel shortages and long lines at petrol stations nationwide. This ongoing crisis highlights the complexities and challenges in the country’s fuel supply chain, despite earlier government promises of improved market competition and efficiency. Naija News

Headlines

Fuel scarcity looms as Russia halts petrol export to Nigeria, others

DailyTimesNGR DailyTimesNGR 1 March 2024 0

By Tunde Opalana Nigeria faces potential fuel scarcity in the months ahead as Russia has announced a six-month ban on petrol exports starting March 1. Nigeria is one of the major importers of petrol from Russia. The ban, aimed at meeting domestic fuel demands, may pose significant challenges to countries like Nigeria and others that […]

Headlines

Domestic airfares to rise further as aviation fuel hits N1,600 per litre

DailyTimesNGR DailyTimesNGR 20 February 2024 0

By Chukwuemeka Iwelunmo Air passengers and airline operators are in for difficult times as the price of Jet A1, popularly referred to as aviation fuel, has been hiked by oil marketers in the aviation sector, findings by The Daily Times have shown. In an investigation conducted by our Correspondent, it was revealed that with effect […]

News

Youth Party frowns at FG’s removal of fuel subsidy without social safety net

Ihesiulo Grace 4 June 2023 0

BY PETER FOWOYO Even though it supports the removal of fuel subsidy by the Federal Government of Nigeria (FGN), led by President Bola Ahmed Tinubu, the Youth Party (YP), on Sunday, said it is opposed to its implementation without any form of social safety net to cushion the impact and protect the poor. In a […]

Headlines

NEC suspends fuel subsidy removal, next regime to decide on deadline

Ihesiulo Grace 28 April 2023 0

By Ukpono Ukpong The National Economic Council yesterday suspended plans to remove the fuel subsidy. Minister of Finance, Zainab Ahmed disclosed this yesterday while briefing State House Correspondents after the National Economic Council (NEC), meeting at the Presidential Villa, Abuja. Ahmed explained that although the removal of fuel subsidy imminent, the council decided

News

FG suspends planned removal of fuel subsidy

Ihesiulo Grace 27 April 2023 0

The Federal Government has suspended plans to remove fuel subsidy by June this year. Minister of Finance, Budget and National Planning, Ahmed Zaniab gave the indication on Thursday, shortly after the National Economic Council, NEC, meeting, chaired by the Vice President, Yemi Osinbajo. She said the NEC, which comprises State Governors deliberated on the issue […]

Headlines

Fuel scarcity, insecurity, others to push 24.8m Nigerians into deep poverty crisis — Report

Ihesiulo Grace 18 March 2023 0

BY BENJAMIN OMOIKE As Nigeria and Nigerians continue to reel in economic hardship, the Cadre Harmonise (CH) Report has indicated that the protracted fuel scarcity, worsening insecurity, 2022 flood disaster and other factors will push 24.8 million Nigerians into a deep poverty crisis between June and August 2023. Also FSS partners had adopted CH, a […]

Business

Fuel queues may persist at major marketers’ Outlets, says IPMAN

Ihesiulo Grace 4 January 2023 0

By Godwin Anyebe Oil marketers have said fuel queues at filling stations across the country may persist if consumers and motorists’ continue to buy the product at selected filling station dispensing the product below N200/litre. The National Operations Controller, Independent Petroleum Marketers Association of Nigeria (IPMAN) Mike Osatuyi, said recently that the lingering

News

Make fuel affordable for effective energy transition, BCG advises

Ihesiulo Grace 4 August 2022 0

By BENJAMIN OMOIKE Policymakers and marketers in Nigeria and other parts of the world have been advised to play an active role in ensuring that people have access to affordable fuel while executing their country’s energy transition plan. The global management consulting firm, Boston Consulting Group (BCG), in its new report entitled “An Inflection Point […]

News

Nigerian govt increases fuel price to N212 per liter

Ihesiulo Grace 12 March 2021 0

The Federal Government has officially confirmed the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, fixed the pump price of Premium Motor Spirit, PMS, also known as petrol, at N212.61 per litre, for the month of March. The new price, according to the PPPRA’s PMS guiding price, released to stakeholders, […]

Opinion

OPINION: Getting fuel pricing right

Ihesiulo Grace 11 September 2020 0

By Usman Abdullahi Koli (fuel) Deliberately, I prefer to refer to President Muhammadu Buhari as “Minister Buhari” because I believe fully that most Nigerians have forgotten that the president also doubles as the minister of petroleum. It is obvious that the country we live in and call a mother has no sympathy for us. This […]

Headlines News

PDP sold fuel for ₦600/litre — Garba Shehu

Ihesiulo Grace 9 September 2020 0

The spokesperson for President Muhammadu Buhari, Garba Shehu, told Nigerians that under the People’s Democratic Party (PDP) administration petrol was sold for ₦600 / litre. Shehu tweeted this alongside the front page of a newspaper from Easter Sunday in 2013, in response to PDP claiming citizens may not survive the increment in electricity tariffs and price

News

More Fuel pains, silence

Ihesiulo Grace 9 September 2020 0

By Philip Clement & Patrick Okohue While the President Muhammadu Buhari-led administration is not the first to fiddle controversially with the pump price of petrol, what many analysts may find surprising is that the government’s action is receiving the loudest silence. Key stakeholders that spearheaded the ‘Occupy Nigeria’ protest in 2012 have been remarkably quiet.

News

Fuel Crisis Looms As NUPENG Threatens Strike

Ihesiulo Grace 25 June 2018 0

The Nigeria Union of Petroleum and Natural Gas workers, NUPENG, weekend, decried allegation by the Presidency that the National Assembly cut N11.5 billion from allocations to critical infrastructure like roads in the 2018 national budget. NUPENG in a statement in Abuja, insisted that cutting allocations meant for crucial and very critical infrastructural projects with huge

News

Lawmakers impose 5% fuel increase on Nigerians in new bill

Ihesiulo Grace 29 March 2018 0

The National Assembly on Wednesday passed the much touted Petroleum Industry Governance Bill (PIGB) with 5 percent levy on fuel sold across the country.   According to the lawmakers, Nigerians will have to pay more for fuel as the levy will be used to fund the Petroleum Equalization Fund (PEF) as reflected in the new bill. […]

Headlines News

NNPC, DPR intensify raid on errant fuel stations

Ihesiulo Grace 29 December 2017 0

The combined team of officials of the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR), led by the Group Managing Director of the NNPC, Dr. Maikanti Baru, has heightened the tempo of unscheduled visits to fuel stations across the Federal Capital Territory suspected to be involved in underhand dealings. The raid, […]