Energy

Disregard alarm about increase in pump price of petrol – IPMAN

Web News 6 January 2024 196 0

By Uche Ndeke The Independent Petroleum Marketers Association of Nigeria, IPMAN, has advised members of the public to disregard the alarm and speculations about an increase in the pump price of Premium Motor Spirit otherwise known as fuel. Chairman of IPMAN, Enugu Depot, Mr Chinedu Anyaso made Continue Reading

Foreign

Kenyans Groan over Astronomic Rise in Fuel Prices

Web News 15 September 2023 222 0

The highest fuel prices in recent memory have been announced by Kenya’s regulator, to the fury of many in the country. Overnight the cost of petrol rose to a record high of about 212 shillings ($1.40; £1.20) per litre in the capital Nairobi – with the prices of different types of fuel rising by about […]Continue Reading

News

Security Agencies Wade into Fuel, Naira Crises

Web News 10 February 2023 472 0

By Rasheedah Makinde As part of efforts to reduce challenges posed by the scarcity of fuel and new naira notes, the police in Oyo State have met with some stakeholders to find a lasting solution to the menace. The security summit held at police headquarters, Eleyele comprises representatives of all security agencies, CBN officers, IPMAN […]Continue Reading

Transportation

Govt. Warns Against Fuel Hoarding

Web News 10 February 2023 359 0

By Funmi Adekoya Osun State Government has warned against the diversion of Petrol, PMS, by some Oil marketers, warning that anyone caught to be hoarding fuel allocated to the state will face the wrath of the law. The Chairman of the Petroleum Monitoring Committee of the state, Mr Kazeem Akinleye in a statement by Governor’s […]Continue Reading

Politics

2023 Elections; Naira Notes & Fuel Palava

Web News 9 February 2023 474 0

By Olaitan Oye-Adeitan It’s less than three weeks to the general elections in Nigeria with the presidential and national assembly elections coming up on the 25th of  February, 2023. However, as the day approaches, Nigerians are still in the daily struggle to recover their purchasing and have easy access to fuel. Despite the fact that […]Continue Reading

Economy

Protest: ATMs Deserted as Customers Flee for Safety

Web News 3 February 2023 1426 0

By Olaitan Oye-Adeitan The long queues of customers who had waited endlessly at the ATM points for new naira notes had vanished following the protest that rocked some parts of Ibadan, Oyo State on Friday over lingering fuel and naira scarcity. Customers had daily waited at the ATM points hoping to withdraw money but to […]Continue Reading

Politics

Makinde Suspends Campaign Over Fuel, Naira Crisis

Web News 3 February 2023 311 0

By Oluwakayode Banjo The Oyo State governor, Engr Seyi Makinde, has announced the suspension of his campaign activities over the unending fuel and new naira-note crisis. Governor Seyi Makinde, whose campaign trail has visited some parts of Oyo State, said this during the Flag-off of the Omi-Adio-Ido Road on Friday. The Governor said the suspension […]Continue Reading

Economy

Raging Anger As Nigerians Protest Non-Availability of Fuel & Naira

Web News 1 February 2023 423 Post a comment

By Olaitan Oye-Adeitan Nigerians are beginning to lose patience over their continued struggle at the filling stations and  Automated Teller Machines, ATM  with no availability of either fuel or the new naira notes. Some aggrieved people who stormed the premises of Radio Nigeria Ibadan on Wednesday expressed bitterness that they could not get physical cash […]Continue Reading

Economy

Different Strokes for Different Folks

Web News 26 January 2023 412 0

By Olaitan Oye- Adeitan Nigerians appear to be biting more than they can chew now with the myriad of challenges daily being encountered. Is it the lingering fuel crisis or the difficulty in accessing the new naira notes or collection of PVC? Many people never envisaged that the fuel crisis which resurfaced in November, last […]Continue Reading

Energy

Man Dies While Queuing to Purchase Fuel

Web News 29 December 2022 1067 0

A man presumed to be in his 50s has been feared dead while queuing to buy petrol at a filling station in Oluyole Estate. The man, whose identity is unknown, suspected to be an Alhaji was sitting on his steering with one leg on the pedal and the other on the ground with his door […]Continue Reading

Energy

Queue Easing as Fuel Situation Improves in Ibadan

Web News 27 October 2022 540 0

Long queues that resurfaced on Wednesday at filling stations in the Ibadan metropolis are fast disappearing. Radio Nigeria correspondents who monitored the situation reported that a few vehicles were seen queuing up to buy petrol at stations dispensing the product  A motorcyclist and a motorist, Mr Rasak Ayinla and Mr Yon Yon who relayed their […]Continue Reading

Economy

Why FG cannot remove fuel subsidy now – Lai Mohammed

Web News 5 July 2022 315 0

The Minister of Information and Culture, Lai Mohammed, has said that Federal Government will not remove the fuel subsidies at the moment. Mr Lai, who stated this on Monday in an exclusive interview with Reuters, said it is wrong to remove the subsidy at this time, as many other nations were introducing measures to help […]Continue Reading

Economy

Ogun Assembly Calls  For Constitution Of Task Force To Check Hoarding Of Fuel

Web News 18 March 2022 359 0

Ogun  State House of Assembly has appealed to the State government to immediately constitute a special task force to checkmate artificial scarcity of petroleum products to reduce incessant queues at fuel stations. Speaker of the House ,Mr Olakunle Oluomo  made the plea  during the plenary at the Assembly Complex, Oke-Mosan, Abeokuta. Mr.Oluomo noted  that the […]Continue Reading

Energy

Fuel Crisis: Queues Disappear as Filling Stations Sell Above Pump Price

Web News 7 March 2022 870 0

Motorists in Oyo town are gradually heaving a sigh of relief as more filling stations have petrol to sell, although not at the government-regulated price. As a result, the long queue which characterized fuel sales in the ancient town up till last weekend has disappeared, except at four popular filling stations selling the product for […]Continue Reading

Energy

Fuel Scarcity: DPR To Sanction Marketers Hoarding Products

Web News 2 March 2021 478 0

The Department of Petroleum Resources (DPR) says it will sanction marketers engaged in the hoarding of petroleum products in their outlets. Director-General of DPR, Mr. Sarki Auwalu gave the warning in a statement issued on Tuesday in Lagos. Auwalu said the warning was necessitated by the emergence of queues in retail outlets in some states […]Continue Reading