Residents, transport operators and business owners in Lagos say rising fuel prices are increasing transportation fares, business costs and pressure on household incomes. A survey by correspondents of the News Agency of Nigeria (NAN) showed that petrol prices rose from about N1,250 per litre to above N1,300 in many filling stations, with some outlets dispensing…
The Bureau of Public Procurement (BPP) says the Federal Government saved about N1.1 trillion within a year through a newly established Price Intelligence Unit. Dr Adebowale Adedokun, Director-General(D-G), BPP, disclosed this in an interview with the News Agency of Nigeria(NAN) in Abuja on Sunday. Adedokun said that the unit benchmarked project costs against national and…
Commercial mini-bus drivers in Osogbo on Wednesday protested the hike in the pump price of petrol. The drivers parked their vehicles around the Olaiya Flyover, preventing other mini-bus drivers from conveying passengers in protest against the increase. The News Agency of Nigeria (NAN) reports that the situation resulted in a gridlock in the area. Speaking…
Some residents across Lagos State have debunked the reported slash in the price of eggs as claimed by the Poultry Association of Nigeria (PAN). The residents recounted their experiences on the consistent hike in the price of the produce in spite of the assurances by the Poultry Association of Nigeria in separate interviews with the…
Dangote Refinery has again, within a week interval reduced its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately. It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre. With the assurance of a…
Andre Onana would only leave Manchester United if any interested club is able to pay the sum £30 million to the Red Devils. The Red Devils set the asking price and are ready to sell the goalkeeper this summer, but have yet to receive offers. Daily Mail reports that French Ligue 1 top side, AS…
Many motorists in the Federal Capital Territory (FCT), have expressed frustration over the fluctuating hike in the pump price of petrol. The News Agency of Nigeria (NAN) reports that NNPC Retail Management had approved upward review of the pump price of petrol from N895 per litre to N945 per liter, effective from June 23. At…
Nigerians are facing mounting frustration over soaring petrol prices, with officials citing market deregulation as the driving factor behind the latest hikes. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), said in a statement on Tuesday that the current price surge reflects global oil trends and the operational realities of a…
Nigeria’s top oil workers’ union has urged the government to clamp down on petroleum marketers inflating pump prices, despite a global drop in crude oil prices, saying regulatory inaction is costing ordinary Nigerians dearly. At a world press conference in Abuja on Monday, Mr Festus Osifo, President of the Petroleum and Natural Gas Senior Staff…
Speaker of House of Representatives, Rep. Tajudeen Abbas, has decried the non-implementation and non-remittance of the five per cent of the petrol pump price to Federal Road Maintenance Agency (FERMA). Abbas stated this while declaring open an investigative hearing on non-implementation and remittance of the five per cent user charge in Abuja on Monday. The…
