Tag: Fuel Crisis
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Fuel crisis may have adverse effect on inflation, says Statistician-General
Mr Simon Harry, the Statistician-General of the Federation, says the present fuel crises being experienced across the nation may have adverse effect on inflation rate. He said this on Tuesday in Abuja, at a media conference to announce the January 2022 Consumer Price Index (CPI). Harry said that the fuel crisis would create an artificial…
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Fresh fuel scarcity looms in Lagos today as NUPENG’s talks with LASG end in deadlock
The National Union of Petroleum and Natural Gas Workers (NUPENG) has said that the planned strike by Petroleum Tanker Drivers in Lagos would start on Monday as its meeting with Lagos State Government ended in deadlock. The South-West Chairman of NUPENG, Mr Tayo Aboyeji, disclosed this in an interview with newsmen in Lagos on Sunday.…
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N800bn Subsidy Debt: DMO, finance ministry move to avert fuel crisis
The federal government has begun moves to dialogue with oil marketers over debts owed them, to avert a fuel crisis in the forthcoming festive season. The moves came amid reports that some of the marketers have dissociated themselves from last Sunday’s ultimatum for the payment of the outstanding fuel subsidy debt. According to a report…
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Is CBN The Genius behind higher fuel prices? – Henry Boyo
By Henry Boyo The acute scarcity of petrol, nationwide, may have receded significantly, but issues relating to steady supply, appropriate pricing and fuel subsidy, obviously still remain very contentious. Government and NNPC have invariably blamed private marketers for the fuel shortage, while marketers have conversely, demanded the immediate payment of over N720bn that NNPC owes…