Hopes of early resolution of the current petrol scarcity brightened yesterday, as the Nigerian National Petroleum Corporation (NNPC) announced plans to commence a 24-hour depot and retail services to improve product distribution. The strategy, if successfully implemented would clear the lingering fuel queues in Abuja, Lagos and several other states across the country. NNPC Chief […]
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THE Airline Operators of Nigeria (AON) has called on the Federal Government to as a matter of urgency, address the acute shortage of Jet Fuel that the country has been experiencing in recent times. The call was made by the Chairman of AON, Captain Nogie Meggison on the heels of a consistent unavailability of the […]
Read More As the scarcity of aviation fuel persists, domestic airlines in the country have said that they may be forced to scale down their operations if nothing is done to ameliorate the situation. Many airline operators, according to Punchng on Wednesday said that aviation fuel, also known as Jet-A1, was being bought at cut throat prices ranging from […]
Read More Scarcity of fuel affecting the aviation industry grew much more worse on Monday as many air travellers across the country endured varying degrees of hardship due to flight cancellations, Punchng report. From airport terminals in Lagos, Abuja, Enugu, Warri, Owerri, Port Harcourt, Asaba and in the North, our correspondent gathered that virtually all the airlines […]
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The scarcity of aviation fuel, which has affected the industry over the past few days, became worse on Sunday as a number of domestic airlines cancelled their evening flights out of Lagos, while others simply rescheduled them. Among the airlines that cancelled their flights were Aero Contractors, Medview and First Nation, while Dana Air rescheduled […]
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It has been a long standing argument by critical assessors of the economy that deregulation remains the tonic to turn around the fortunes of the downstream sector of the oil and gas industry. Those who canvass this position argue that it will provide enduring solution to the recurring scarcity of petroleum products and halt the […]
Read More As the scarcity of Premium Motor Spirit continues to take a toll on motorists and other consumers in most parts of the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said the trucks conveying the product were being diverted to Cameroon and Chad. The Minister, who stated this in Lagos at […]
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The Party; All Progressives Congress (APC) in Ekiti State has accused Governor Ayodele Fayose of alleged complicity in the fuel supply crisis in the state. In a statement by the state Publicity Secretary, Taiwo Olatunbosun, the party said it was in possession of “incontrovertible evidence” that the governor was allegedly contributing to the scarcity of […]
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The Federal Government has said that it would need the sum of $700 million to upgrade the nation’s refineries to be able to perform up to 90 per cent capacity. The Minister of State for Petroleum, Dr. Ibe Kachikwu, disclosed this on Saturday when he visited Eleme Local Government Area of River State for the […]
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[su_dropcap]L[/su_dropcap]agos State Governor Akinwunmi Ambode has appealed to Lagosians to bear with the government over the lingering shortage of fuel and power across the state. In a statement yesterday by the Commissioner for Information and Strategy, Steve Ayorinde, the governor said Lagos consumes more than 40 per cent of the fuel and energy needs of […]
Read More [su_dropcap]M[/su_dropcap]inister of State for Petroleum Resources Dr. Emmanuel Ibe Kachikwu, yesterday said fuel queue will be over in Abuja and Lagos this week. He projected that queues in Kano, Katsina, Sokoto and Port Harcourt and other states will dissipate subsequently. The minister also hinted of a price adjustment next month. He told officials of the Petroleum […]
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[su_dropcap]C[/su_dropcap]ontrary to the pledge by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, that lingering fuel scarcity in the country would end on or before Thursday, April 7, marketers and depot owners said on Sunday that consumers might have to endure inadequate supply of the product till May. According to Punchng, The minister […]
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