Tag: Scarcity
-
Massive fuel scarcity hits Abuja, black market operators now sell 1 litre for N500
By Emman Ovuakporie Barely 24 hours after the Federal Government announced that by June fuel subsidy will be removed from all petroleum products, massive fuel scarcity has hit Abuja, the Federal Capital Territory. TheNewsGuru.com, TNG reports that this development has led to massive fuel queues along Abuja major roads as black market operators sell a…
-
Scarcity looms as tanker drivers suspend fuel distribution
Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum and Natural Gas Workers of Nigeria (NUPENG) suspended distribution of fuel to the city. Mr Tayo Aboyeji, Chairman, South-West Chapter of the union told the News Agency of Nigeria (NAN) in Badagry that the suspension was due to harassment…
-
Snake venom and jerry cans – Azu Ishiekwene
Azu Ishiekwene We’re back where we used to be many moons ago. Shortages and long petrol queues have resurfaced and there’s no sign that things would get better any time soon. If, however, promises could fill the supply gap, we would be drowning in petrol. The first clear sign of shortage started in December 2017,…
-
Scarcity: What we are doing to clear fuel queues – Kachikwu
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Thursday, said the Federal Government is doing all it can to clear queues in filling stations, especially in the Abuja metropolis. The minister also said he has directed the Nigerian National Petroleum Corporation (NNPC) to ensure that petrol queues were cleared in Abuja before…
-
NNPC boss, Baru boast of taming fuel scarcity monster
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, on Friday boasted that the Federal Government has successfully tamed “the monster” of fuel scarcity that marred Christmas holidays across the country. Baru said this in an interview with State House correspondents after joining fellow Muslims for Jumat service in a mosque…
-
NNPC faults marketers for fuel scarcity in the country
The Nigerian National Petroleum Corporation (NNPC) has blamed the current petroleum scarcity in the country on marketers of the product. The Group Managing Director of the company, Maikanti Baru, in a statement by Mr Ndu Ughamadu, the NNPC Spokesman, also said part of the problem was the rumours about purported planned increase in the pump…
-
Yuletide: Fuel scarcity will end soon, Kachikwu assures Nigerians
The Minister of State for Petroleum Resources, Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products. Mr. Kachikwu, who stated this in a news briefing on Thursday in Abuja, however, said that the Nigerian National Petroleum Corporation, NNPC, was making efforts…
-
FG denies plans to increase fuel price, promises to end scarcity before weekend
The Federal Executive Council on Wednesday said it does not have plans to increase prices of petroleum products as speculated in some sections of the media. It also mandated the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to end scarcity of the product before this weekend. This is coming amidst renewed queues at…
-
Forex: CBN introduces new rules to end scarcity
…as Naira exchanges for N372/$1 at parrallel market The Central Bank of Nigeria on Monday introduced new rules into the interbank foreign exchange market. This development is coming as the Naira to dollar rate climbed to 372 at the parallel market and 305.55 at the interbank market on Monday. The rules were contained in a…
-
Scarcity of Kerosene hits Lagos
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Saturday lamented that there is no single drop of kerosene in any of the private depots and that of the Nigerian National Petroleum Corporation (NNPC) in Lagos. The National Chairman, Surface Tank Kerosene Peddlers (SUTAKEP) Branch of NUPENG, Mr. Rotimi Benjamin, disclosed this…