Nigeria Can Meet Its Fuel Needs, No Import Needed – Dangote
The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has condemned the crude oil supply methods of international oil firms, asserting that Nigeria should not need to import crude or refined petroleum products if current laws are properly implemented. During a visit from the South South Development Commission (SSDC) to the Dangote Petroleum […]
When Fuel Becomes Unaffordable What Happens?
The Federal Government’s decision to impose a 15 percent import duty on Premium Motor Spirit stands as a policy that promises protection for local refineries yet delivers immediate pain to citizens. Festus Osifo, President of the Trade Union Congress, captures this tension perfectly: importers will pass the cost directly to consumers, pushing pump prices higher […]
Economists Fault Tinubu’s Independence Day Economic Appraisal
President Bola Ahmed Tinubu has assured Nigerians that the country’s most difficult economic phase is now behind it, stressing that his administration’s reforms are beginning to yield positive results. In his Independence Day address commemorating Nigeria’s 65th anniversary, the president acknowledged the hardship citizens have endured over the past two years but insisted that the […]
Oil Theft Drains Nigeria’s Economy, Deters Investors
Nigeria’s economy is reeling from massive oil theft, costing the nation dearly. From January 2022 to June 2025, thieves stole 619 million barrels of crude oil, equivalent to N8.41 trillion in lost revenue, a new report reveals. The Nigerian Extractive Industries Transparency Initiative (NEITI) released these findings on September 23, 2025. The report details how […]
Airline Operators Applaud Tinubu, Edun for Suspending 4% Import Levy
The Airline Operators of Nigeria (AON) have applauded President Bola Tinubu and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for halting the proposed four percent Free on Board (FOB) levy on imports. In a statement issued on Tuesday by its President, Abdulmunaf Sarina, the group described the decision as proof […]
Dangote Refinery Slams DAPPMAN, NUPENG on Price Cuts
The Dangote Petroleum Refinery has sharply criticized the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) for opposing its recent petrol price reductions. In a statement issued on 15th September 2025, the company accused both groups of protecting entrenched interests that profit from […]
TUC Condemns Government’s Proposed 5% Tax on Fuel, Warns of Possible Nationwide Strike
The Trade Union Congress of Nigeria (TUC) has strongly opposed the federal government’s plan to impose a 5 percent tax on petroleum products, labeling it an act of “economic cruelty” on citizens already burdened by economic challenges. In a statement issued on Monday, TUC President Festus Osifo and Secretary General Nuhu Toro emphasized that the […]
Mbah Hails Tinubu’s Fuel Subsidy Removal as Catalyst for Infrastructure Development
Enugu State Governor, Peter Mbah, has credited President Bola Tinubu’s decision to remove the fuel subsidy for enabling his administration to fund various infrastructure projects. Speaking at the Government House on Thursday, Mbah welcomed a federal delegation led by Minister of Information and National Orientation, Mohammed Idris, which was in the state for a two-day […]
Fuel Retailers Push Against NMDPRA’s New Decommissioning Rules
Fuel retailers across Nigeria, including those in Rivers State, are raising concerns over new decommissioning rules proposed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The draft regulation, part of the Proposed Midstream and Downstream Petroleum Safety and Environmental Regulations 2025, has sparked debate among stakeholders at a recent public consultation forum. The […]
Fuel Price War Intensifies as NNPCL Matches Dangote With N890 Petrol Price
The Nigerian National Petroleum Company Limited (NNPCL) has further reduced petrol prices to N890 per litre at its Abuja retail outlets, marking its second price cut this month in response to growing competition from the Dangote Petroleum Refinery. Multiple NNPCL station managers in the Federal Capital Territory confirmed the new pricing to our reporters during […]
Fuel crisis deepens in Nigeria as scarcity persists despite NNPC assurance
By Tina Amanda The ongoing fuel crisis in Nigeria continues to disrupt daily life, as filling stations in major cities like Abuja, Lagos, and Port Harcourt remain shut due to stock shortages. This shortage is in stark contrast to repeated assurances from the Nigerian National Petroleum Company (NNPC) that sufficient fuel is in circulation. […]
Fuel for Thought: Why Nigeria’s Queues Won’t Disappear Anytime Soon
As Nigeria grapples with the recurring issue of fuel queues, the President of the Petroleum and Natural Gas Senior Association of Nigeria, Mr. Festus Osifo, has shed light on the underlying reasons behind this persistent problem. Speaking at the 2024 PENGASSAN Energy and Labour Summit in Abuja, Osifo identified the weak and outdated distribution chains […]