Although provision was not made for subsidy in the 2016 budget, it has been discovered that the federal government is presently subsidising Premium Motor Spirit (PMS)...
The end may not be insight in the crippling fuel scarcity that has plagued the nation for months now, as the National Union of Petroleum and Natural...
Total, Shell and two other oil majors have resolved to fund 4 major oil marketers, Dr. Ibe Kachikwu disclosed on Thursday. The four oil majors had...
Oil marketers in the country who have been facing the challenge of getting forex to meet their allocation for importation of PMS (petrol) now have a...
The Minister of State for Petroleum, Dr. Ibe Kachikwu on Saturday hinted of plans to collaborate with the Central Bank of Nigeria (CBN) to pave a...
Nigerians may soon heave a sigh of relief as indications are that the Federal Government has paid N407,076,805,386.30 subsidy claims to oil marketers to end the...
As the recurrent scarcity of petrol products persists in some parts of the country, the Nigerian National Petroleum Corporation (NNPC) on one side, and major marketers...
In efforts to resolve the fuel scarcity crisis that has prevailed in many parts of the country for some months now, officials of the Federal Government...
Nigerians may soon heave a sigh of relief over the present fuel scarcity that has caused so much hardship, as members of the Major Oil Marketers...
The Federal Government says it will compensate oil marketers with about N30 billion to make up for the losses they incurred as a result of naira...
The Federal Ministry of Finance and petroleum products marketers are now engaged in war of words over accrued interest on bank loans on account of delayed...
