Monday, December 6, 2021
MARKET UPDATE

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Tag "petrol"

Understanding the IMF, America’s global economic enforcer (1)

    Understanding the IMF, America’s global economic enforcer (1)

Next year, as ordered by the International Monetary Fund (IMF), Nigerians will be paying N340 (which could rise up to N400 or more) a litre for premium motor spirit (PMS),

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Fuel subsidy removal and the concept of change

    Fuel subsidy removal and the concept of change

BY JEROME-MARIO UTOMI It is common knowledge that the Nigeria Labour Congress (NLC) recently rejected the federal government’s proposed N5,000 grant for 40 million poor Nigerians when the subsidy on

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NBS: Plateau, Nasarawa paid above N170 for petrol in October

    NBS: Plateau, Nasarawa paid above N170 for petrol in October

The National Bureau of Statistics (NBS) says Plateau, Nasarawa and Abia States paid the highest amount for premium motor spirit (PMS), better known as petrol, in October 2021. The average

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Petrol scarcity looms in Enugu, Anambra, Ebonyi as IPMAN withdraws services

    Petrol scarcity looms in Enugu, Anambra, Ebonyi as IPMAN withdraws services

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked its members to withdraw their services in some states in the southeast region. Sanusi Fari, the national president of IPMAN,

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Mele Kyari: High price differentials responsible for petrol smuggling

  Mele Kyari: High price differentials responsible for petrol smuggling

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation (NNPC), has blamed the huge price differential in the

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DPR: FG’s plan to boost oil, gas reserves on course

  DPR: FG’s plan to boost oil, gas reserves on course

The Department of Petroleum Resources (DPR) says the federal government’s plan to increase the nation’s oil and gas reserves is

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NNPC: We spent N541bn on petrol subsidy in six months

  NNPC: We spent N541bn on petrol subsidy in six months

The Nigerian National Petroleum Corporation (NNPC) says it spent N541.65 billion on petrol subsidy between February and July 2021. This

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Petrol smuggling: Customs, NSA grant supply waivers to filling stations near borders, says DPR

  Petrol smuggling: Customs, NSA grant supply waivers to filling stations near borders, says DPR

The Department of Petroleum Resources (DPR) has denied the claim by the Nigerian Customs Service (NCS) that it was partly

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NBS: Adamawa, Kwara, Plateau paid highest for petrol in July

  NBS: Adamawa, Kwara, Plateau paid highest for petrol in July

The National Bureau of Statistics (NBS) says Adamawa, Kwara, and Plateau States paid the highest amount for premium motor spirit

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NNPC: N2trn worth of petrol consumed in 12 months

  NNPC: N2trn worth of petrol consumed in 12 months

The Nigerian National Petroleum Corporation (NNPC) says consumers in the country spent N2.07 trillion in 12 months (February 2020-2021) on

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