President Muhammadu Buhari on Thursday disclosed that the Federal Government’s share of oil revenue as at July this year totalled N570.23 billion, representing 51 percent shortfall from the budgetary target for the seven months period. Buhari gave this hint in his address on the proposed N16.39 trillion Appropriation Bill 2022 at the National Assembly. He […]
The Federal Government has apologized to Nigerians over the confusion triggered by the latest petrol price template of N212.6 per litre released on Thursday by the Petroleum Products Pricing Regulatory Agency (PPPRA). The Minister of State for Petroleum Resources, Mr. Timipreye Sylva, who tendered the government’ss apology, explained that template was a mix-up and urged […]
Amid growing concerns about the immediate negative implications of the fuel subsidy removal for poor Nigerians, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has lent its support for the fiscal measure and full-scale deregulation of the downstream sector to enhance economic growth and development of the nation. The government, through the Petroleum […]
The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, on Tuesday stated that the Federal Government was not considering the upward review of pump price of Premium Motor Spirit (PMS) also known as petrol. In a statement made available to the media, the downstream top player advised Nigerians to ignore the growing speculation […]