There won’t be increase in fuel price, despite the rise in the landing cost of imported fuel, Nigerian National Petroleum Corporation (NNPC) Public Affairs Group General Manager, Ndu Ughamadu, has said. He said the landing cost goes up when the international price increases, adding that it is a normal occurrence in the global crude oil […]
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The group Nigeria Labour Congress has called on the Nigeria Federal Government against any possible hike in the pump price of petroleum products, especially Premium Motor Spirit, otherwise called petrol. According to report, the warning is coming as the retail stations of the Nigerian Petroleum Corporations in the Federal Capital Territory and its environs have increased […]
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Former Group Managing Directors of the Nigerian National Petroleum Corporation, NNPC, at the weekend called for further increase in the price of Premium Motor Spirit, also known as petrol, stating that the present price cap of N145 per litre was not in line with current economic realities. According to a statement by the NNPC, the […]
Read More Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the US Dollar hit an all-time high last week, as it exchanged for N400 at the parallel market. According to correspondent, worried […]
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The Nigeria Labour Congress led by Mr. Ayuba Wabba and the Federal Government will resume the suspended talks on the N145 fuel pump price on Wednesday. Punchng report The Director in charge of Press at the Ministry of Labour and Employment, Mr. Samuel Olowookere, said in a statement on Tuesday that the meeting would hold […]
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The General Overseer of the Latter Rain Assembly, Pastor Tunde Bakare, says the Federal Government did not consult widely before increasing the price of fuel. He also said the Save Nigeria Group was not against the economic arguments behind fuel subsidy removal in 2012. Bakare said he and other pro-democracy groups protested against the fuel […]
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The Nigeria Labour Congress (NLC) has suspended the nationwide strike called to protest the increase in the price of petrol. The Labour centre described the action as a huge success. In a communiqué at the end of a two-hour meeting of the National Executive Council (NEC), the congress said it was ready to return to the […]
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National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, yesterday stepped into the face-off between the Federal Government and the Ayuba Wabba-led Nigeria Labour Congress (NLC) over the new petrol price, calling for an immediate truce. According to The Nation, Tinubu, at a meeting with the NLC leadership in Abuja, offered to accompany […]
Read More All Progressives Congress (APC) National Leader Asiwaju Bola Tinubu yesterday said the Federal Government’s removal of subsidy on petrol was necessary and inevitable. He said a situation where bogus suppliers were paid huge sums for supplying nothing while long lines of queues remained was unsustainable. Tinubu believes the subsidy regime led to petroleum products being […]
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The Federal Government on Wednesday said it was prepared to reopen negotiation with the Nigeria Labour Congress (NLC) over the fuel price hike, The Nation report. The Minister of Labour and Employment, Senator Chris Ngige, said in a statement on Wednesday night that the strike action called by the NLC to press for the reversal […]
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The hardship being experienced by air travellers as a result of flight cancellations and delays at airports across the country continued on Tuesday, as airlines grappled with the lingering shortage of aviation fuel. Checks at the Murtala Muhammed Airport Terminal 2 and the General Aviation Terminal at the local wing of the Lagos airport showed […]
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Vice-President Yemi Osinbajo says the fuel hike from N86.5 per litre to N145 can be traced to the scarcity of dollars occasioned by the depletion of the foreign reserve. The Vice-President said this at a book presentation of a book titled, ‘Anatomy of Corruption in Nigeria’ which was authored by legal luminary, Yusuf Ali (SAN), […]
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