Amid widespread frustration among Nigerians over the recent fuel price hike by the Nigerian National Petroleum Company (NNPC) Limited. An economist and the Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, has projected that petrol prices in Nigeria could reach N1,200 per litre in the near future. In his November 2024 economic…
Fuel shortages continued to plague Abuja, Niger, Nasarawa, Kaduna, and other states on Friday, as long queues for Premium Motor Spirit, known as petrol, remained a common sight. Amid growing frustration from motorists, the Federal Government has intensified its crackdown, warning oil marketers that those caught hoarding fuel could lose their operating licenses. On Friday,…
The Nigerian National Petroleum Company Ltd. on Tuesday assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, May 1. This was disclosed by Mr Olufemi Soneye, Chief Communications Officer, NNPCL, to the News Agency of Nigeria (NAN) in Lagos. According to Soneye, the company currently has an availability of…
Nigerians continue to purchase fuel at very high prices across the country despite Nigerian National Petroleum Company Limited’s (NNPC Ltd) assurance of product availability. The NNPCL told Nigerians in a statement issued on Thursday, April 25, 2024, that it had resolved the logistic issues causing fuel queues across the country. “The Nigerian National Petroleum Company…
