Tag: Scarcity
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Aftermath of fuel subsidy removal cross-border fuel smuggling drastically dropped – NNPCL boss
Aftermath of removal of fuel subsidies in Nigeria cross-border smuggling of Premium Motor Spirit has drastically reduced. This is according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari. Kyari explained that the subsidy created a price disparity between Nigeria and neighbouring countries, making smuggling highly profitable. Before…
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Just in: This is just beginning of fuel scarcity, be ready for more— NNPCL official tells Nigerians
Nigerians have been advised to brace for more fuel scarcity following the recent hike in the pump price of the product. The Executive Vice President of Nigerian National Petroleum Company Limited (Downstream), Adedapo Segun, said this while speaking on Thursday on a national TV program. Scarcity: NNPC constitutes economic danger, sell it He emphasised the…
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UNUSUAL EXCUSE! NNPCL blames thunderstorm, rain, cause of fuel scarcity
The Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCL’s vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations across the country,…
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NNPC begins direct supply to IPMAN
The Nigerian National Petroleum Company Limited (NNPCL) has allocated petrol to marketers directly to ease scarcity. The Independent Petroleum Marketers Association of Nigeria (IPMAN) made the disclosure on Tuesday. The President, Chinedu Okoronkwo said the order was issued after a closed-door meeting of both parties. It was agreed that IPMAN members should load petrol at…
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CBN denies scarcity of new naira notes
The Central Bank of Nigeria (CBN) has denied scarcity of the new naira notes as alleged by some Nigerians. The CBN Governor, Godwin Emefiele, represented by Musa Jimoh, Director, Payment System
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Don’t panic, NMDPRA gives update on fuel scarcity
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians not to engage in panic buying of petrol, saying it has enough in stock. Mr Farouk Ahmed, the Chief Executive Officer, NMDPRA confirmed to NAN in Lagos on Tuesday.
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Why we did not remove fuel subsidy – Buhari reveals
With the current fuel scarcity arising in some parts of the country, President Muhamamdu Buhari has revealed why his government has decided not to remove fuel subsidies. In an interview with Bloomberg, the president explained what will be the effects on the country if his administration decides to remove fuel subsidies. Buhari stated that they…
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Fuel scarcity: Long queues resurface in Abuja
Most filling stations in Abuja have been shut down following scarcity of Premium Motor Spirit (PMS), popularly known as petrol. The situation has caused long queues of vehicles at various filling stations in the Federal Capital Territory (FCT), Abuja. A correspondent who monitored the petrol supply situation in Wuse, Gwarimpa, Wuye and Kubwa areas of…
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Buhari endorses plan to end fuel scarcity in Nigeria
President Muhammadu Buhari has endorsed a plan to conclusively end the fuel scarcity in the country, a presidency official has said. The official, who disclosed this on Sunday in Abuja, said the plan would ensure that incidence of fuel scarcity does not occur again.
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SCARCITY: Nigerian government imports 300m litres of PMS
Nigerian government provides PMS for Nigerians