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The launching of the world’s largest single-train refinery built by Africa's richest man, Aliko Dangote will be graced by some of Africa's influential leaders
Petrol scarcity worsens as more FCT stations run out of stock On By Obas Esiedesa DESPITE assurances by the Nigerian National Petroleum Corporation, NNPC that it has enough petrol in stock and that the ex-depot price will not increase in the month of March, more filling stations in Abuja shut their gates with long queues at the few stations that were opened. The queues which began appearing over the weekend as motorists prepared for petrol price increase this week, worsened on Monday with motorists waiting for hours before they could purchase the product. Most filling stations monitored in t...
Spread the love A Coalition of Nigerian Civil Society Organizations for Petroleum and Energy Security (CONCSOPES) on Saturday sought the sustenance of deregulation of the price of the Premium Motor Spirit (PMS). Speaking in a press conference in Abuja, the convener, Mr. Timothy Ademola, noted that a reversal of the deregulation that started in March 2020 will lead to scarcity of the product. Besides, he said it will lead the Nigerian National Petroleum Corporation (NNPC) to negative financial records. According to him, “With the agitation of labour for the roll back of deregulation, NNP...
Civil society groups on Saturday pushed for complete deregulation of the downstream sector of the petroleum industry that allows markets forces to determine the pump price of petrol and other petroleum products in the country.