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Tag "petrol"

N-power suspension, petrol price hike speculations… 7 business stories to track this week

    N-power suspension, petrol price hike speculations… 7 business stories to track this week

Here are the seven top business stories you need to track this week — October 9 to October 13. FG SUSPENDS N-POWER INDEFINITELY The federal government says it will suspend

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NBS: Taraba, Borno residents paid above N650 for a litre of petrol in August

    NBS: Taraba, Borno residents paid above N650 for a litre of petrol in August

The National Bureau of Statistics (NBS) says residents of Taraba, Borno, and Benue states paid the highest amount for premium motor spirit (PMS), better known as petrol, in August 2023.

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NBS: Petrol price surged by 215% in one year

    NBS: Petrol price surged by 215% in one year

National Bureau of Statistics (NBS) says the price of petrol surged by 215.95 percent in one year, as that of diesel also increased by 2.60 percent. The bureau said Nigerians

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EXCLUSIVE: Tinubu considering ‘temporary subsidy’ on petrol as landing cost rises

    EXCLUSIVE: Tinubu considering ‘temporary subsidy’ on petrol as landing cost rises

President Bola Tinubu is considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to soar, TheCable understands. There is yet no final decision, presidency

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Report: Nigeria’s petrol subsidy removal biting European refineries

  Report: Nigeria’s petrol subsidy removal biting European refineries

Nigeria’s fuel subsidy removal is affecting refineries far away in Europe and threatening to squeeze European refiners, Reuters is reporting. 

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The imperatives of fuel subsidy removal

  The imperatives of fuel subsidy removal

BY BABAJIDE FADOJU During his inauguration speech, President Bola Ahmed Tinubu announced that the subsidy regime has come to an

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Musings on subsidy removal

  Musings on subsidy removal

BY MICHEAL BUNUJU When subsidy on premium motor spirit (petrol) started in Nigeria in the 1970s as a response to

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Rising unemployment and inflation: The fallout of Nigeria’s subsidy removal

  Rising unemployment and inflation: The fallout of Nigeria’s subsidy removal

BY OMOJO WADA Consider the wonderful purpose of subsidies, a kind gesture that allows individuals and businesses access to petrol,

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Here’s what Tinubu’s speech means for the naira and petrol pump price

  Here’s what Tinubu’s speech means for the naira and petrol pump price

I hear you have questions. So do I. What does fuel subsidy removal really mean today? How much will a

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Petrol price should be N400 a litre after subsidy removal, says PENGASSAN

  Petrol price should be N400 a litre after subsidy removal, says PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says the pump price of premium motor spirit (PMS),

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