LAGOS OCTOBER 8TH (NEWSRANGERS)-Seven oil marketers, who imported Premium Motor Spirit, popularly called petrol, about a month ago, have stopped bringing in the commodity into the market, leading to pockets of scarcity in some parts of the country. It was gathered on Friday that the only importer of PMS at the moment was the Nigerian…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-Oil marketers have threatened to close their filling stations in protest against the rejection of old naira notes by deposit money banks across the country. It was gathered that the banks issued circulars to some of the filling stations, urging them to stop accepting the old bills, as the DMBs would not…
LAGOS MARCH 10TH (NEWSRANGERS)-Nigerians were last week thrown into confusion as fuel scarcity hit Lagos, Abuja, and several other cities across the country. Residents besieged fuel stations in major cities across the country, in anticipation of yet another season of fuel crisis. Motorists scrambled to fill their tanks as long queues resurfaced in petrol stations….
LAGOS NOVEMBER 12TH (NEWSRANGERS)-Fuel stations along Nigeria’s land borders have closed and prices have spiked after customs authorities banned deliveries of petroleum products to stations within 20 kilometres (12 miles) of the border in an attempt to curb smuggling. Border communities have complained about the move however, prompting Nigeria’s lower chamber of parliament on Tuesday…