The former governor of Ekiti State and the chieftain of the Peoples Democratic Party (PDP), has lauded the decision of Tinubu-led administration over the removal of the fuel subsidy. Recalls that Tinubu during his inaugural speech on Monday, stated that subsidy is no longer sustainable in Nigeria, stressing that it is gone. However, Fayose, in…
…says govt to revoke CoO of erring filling stations AbdulRahman AbdulRazaq, the Kwara State governor and the chairman of Nigeria Governors’ Forum on Tuesday, warned oil marketers in the state to avoid imposing needless hardship on the citizens by creating artificial fuel scarcity in the state and beyond. AbdulRazaq, in a statement released by his…
Following the inaugural speech by President Bola Ahmed Tinubu to remove the controversial fuel subsidy, long queues have resurfaced at Ilorin metropolis. The Informant247 gathered that some of the filling stations in Ilorin have been closed while those selling have jerked up their price. President Tinubu during his inaugural speech after being sworn in as…
The Kwara State Task Force led by the Deputy Governor, Mr. Kayode Alabi, on Saturday visited several filling stations in Ilorin metropolis as part of its efforts to ensure availability of fuel in the State. The Informant247 earlier reported that the State Government, on Thursday set up a task force to proffer solution to fuel…
As part of measures targeted at tackling Nigeria’s petrol shortage, Independent marketers have started lifting of PMS at an ex-depot price of N172 per litre from the Ijegun-Egba Tankfarm in Lagos. This will aid the delivery of the product to motorists and other users at the government-regulated price. Speaking at the commencement of lifting in…
The Kwara State Government, on Thursday set up a task force to proffer solution to fuel and naira scarcity in the state. The government held an emergency security council meeting to design strategies to maintain law and order amid biting fuel scarcity and currency swap challenge. In a statement released by the Chief Press Secretary…
The Federal Government on Wednesday blamed the rising cost and scarcity of Premium Motor Spirit in parts of the country on the marketers who engaged in racketeering activities. Timipre Sylva, the State Minister for Petroleum Resources, said this while briefing State House correspondents on the outcome of the Federal Executive Council (FEC) which was presided…
Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Corporation Limited (NNPCL) has promised that the lingering fuel scarcity will ease off next week Kyari stated this in a video clip shown on Channels Television on Tuesday evening, saying, although he could not assure that the queues at the fuel stations would disappear, but…
The Trade Union Congress has expressed sadness over the lingering scarcity of fuel in the country and the suffering it has brought to Nigerians, saying major problem was caused by the attitude of the independent marketers who keep changing pump price with impunity Ikechukwu Onyefuru, the Rivers State branch of TUC, stated this during a…
The lndependent Petroleum Marketers Association of Nigeria (IPMAN) has debunked the insinuations that marketers of Premium Motor Spirit (PMS), popularly called petrol, are getting set to shut down operations beginning from Monday once the government starts the enforcement of N195/litre pump price. Mr. Mike Osatuyi, IPMAN’s National Operations Controller, in a statement in Abuja, said…
The independent marketers of Premium Motor Spirit, also known as petrol, says it will shut down operations beginning from Monday over enforcement of government on N195/litre pump price. The Informant247 gathered that on Saturday, the Nigerian National Petroleum Company Limited, Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria, Independent…
Mele Kyari, the Group Managing Director, NNPC Limited has said that the company is putting proper measures in place to end current fuel crisis in the country. Kyari said that with the efforts made do far, there’s hope that will show significant relief, if not the elimination of the current situation within the next one…
Nigerian President Muhammadu Buhari has approved the constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution Management, which he will personally chair, in a bid to proffer long lasting solution to the scarcity of fuel in the country This is contained in a statement signed by Senior Adviser (Media & Communications) to…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday said its members would not embark on a nationwide strike as being speculated. Mr Mike Osatuyi, IPMAN’s National Operations Controller, gave the assurance in an interview with the News Agency of Nigeria (NAN) in Lagos. Osatuyi said it became necessary to debunk the insinuation that…
Independent Petroleum Marketers Association, Ejigbo Satellite Depot has appealed to Nigerian National Petroleum Company LTD. (NNPCL) to give same treatment given to Major Oil Marketers Association of Nigeria (MOMAN) to buy fuel at regulated depot price of N148.17 per litre. The Chairman of IPMAN Ejigbo Depot, Mr Akin Akinrinade, made the appeal in Lagos on…
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has two billion litres of Premium Motor Spirit (PMS) In stock. This is contained in a statement issued by Mr Adeyemi Adetunji, Executive Vice President, Downstream, NNPC Limited. Adetunji said the stock of over two billion litres is equivalent to over 30 days sufficiency. The…
The Federal Government of Nigeria has stated that the pump price of Premium Motor Spirit (PMS) remains N165 per litre. The government also advised Nigerians against panic buying of petrol, assuring that over 2 billion litres were in various depots. On Tuesday, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Nigerian National Petroleum Company,…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained why there is fuel scarcity in Lagos and other parts of the country. In an interview with Channels Television, the Lagos Zonal Chairman of IPMAN, Akin Akinrinade insisted they were not on strike. Akinrinade noted that the operating environment has become hostile to their businesses….
Fuel scarcity has hit Lokoja and other parts of Kogi State, as motorists now queue for several hours to buy premium motor spirit, popularly called petrol. According to DAILY POST report, some filling stations, which had sold fuel in the early hours of Monday, had to stop dispensing over fear of scarcity of the product….
Abdulqadir M. Habeeb, Kaduna The Nigerian National Petroleum Corporation (NNPC) in insidious neglect of duty allowed the importation of ‘bad’ petroleum into the country. Due to dereliction of duty and criminal collusion between the regulator and the fingered oil majors, vehicles of several innocent Nigerians were damaged. Our country is such a wonderful peculiar mess…
