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•Seeks three-year gas price moratorium Onyebuchi Ezigbo and Emmanuel Addeh in Abuja Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demand in key markets, thereby piling more pressure on the ability of the Nigerian National Petroleum Corporation (NNPC) to contribute to the Federation Account. However, the organised labour has suggested the adoption of production cost pricing method where the price of petrol will be based on the cost of domestic crude oil production and refining in the domestic market, as a way of reducing the burden of the price disparity between the market and pump prices of petrol on the federation.

United statesSaudi arabiaAbuja federal capital territoryOnyebuchi ezigboEmmanuel addehAhmed idrisNigerian national petroleum corporationOrganisation of petroleum exporting countriesUnion congressTransmission company of nigeriaGoldman sachs group incNigeria labour congressAccountant generalFederation accountWest texas intermediateGoldman sachs group