Reduction in pump price, NECA calls for removal of subsidy

Reduction in pump price, NECA calls for removal of subsidy

The Nigerian Employers’ Consultative Association (NECA) has charged the Federal Government to use present conditions in the oil industry to completely remove subsidy on petroleum products in Nigeria. Though commending government on the reduction in price of premium motor spirit (PMS), NECA said government should allow …..

Of Regulation, Deregulation and Petroleum Products Pricing

Of Regulation, Deregulation and Petroleum Products Pricing

With low oil prices in the international market, the Nigerian government has been quick to throw a token of fuel price reduction at Nigerians. But there is nothing salutary about the decision of the government to intervene yet again and determine the price of petroleum …..

CBN stops dollar sales to NNPC

CBN stops dollar sales to NNPC

CENTRAL Bank of Nigeria (CBN) has stopped local and international oil companies from selling dollars to the Nigerian National Petroleum Corporation (NNPC). The apex bank said the move is in line with the its determination to improve foreign exchange supply to the economy as the …..

23-03-2020

23-03-2020

NB: PMS prices remains highly unstable so to avoid misinformation, it’s been left blank. OilpriceNG would keep you posted. AGO [/vc_column_text][/vc_column][/vc_row]… This content is for Weekly Plan, Monthly Plan, and Annual Plan members only.Log In Register...

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Workers’ Salaries In Jeopardy As Oil Price Tumbles Again

Workers’ Salaries In Jeopardy As Oil Price Tumbles Again

•FAAC meeting deadlocked as states reject amount presented for sharing AS another economic recession looms in the wake of the global Covid-19 pandemic, there are very present fears among workers of the 36 state governments over the ability of their governments to continue to pay …..

Falling oil price may last till year end – NNPC

Falling oil price may last till year end – NNPC

the crash in oil prices will have a collateral effect on the country’s economy, the Nigerian National Petroleum Corporation said on Wednesday. The NNPC also stated that the low oil prices could drag on till the end of the year. The corporation’s Group Managing Director, …..

Covid-19 puts Budget 2020, economy on edge

Covid-19 puts Budget 2020, economy on edge

The impacts of Covid-19 have taken a toll on Nigeria’s economy as with others, globally.  Nigeria’s situation, though not isolated, is pathetic given the fact that its main source of revenue,  crude oil, is badly affected, with the resource losing, as at the last count, …..

N125 fuel price: Low compliance trails FG’s directive across states

N125 fuel price: Low compliance trails FG’s directive across states

Nigerian  motorists were yesterday startled upon discovering that majority of fuel stations across the country  failed to comply with the directive of the Federal Government  reducing retail pump price of petrol from N145 per litre to N125. President Muhammadu Buhari had on Wednesday approved a reduction …..

20-03-2020

20-03-2020

NB: PMS prices remains highly unstable so to avoid misinformation, it’s been left blank. OilpriceNG would keep you posted. AGO [/vc_column_text][/vc_column][/vc_row]… This content is for Weekly Plan, Monthly Plan, and Annual Plan members only.Log In Register...

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