LAGOS SEPTEMBER 21ST (NEWSRANGERS)-Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the federal government paid N169.4 billion as subsidy in August to keep the pump price at N620 per litre. There have been several reports suggesting that the current price stagnation despite the worsening…
LAGOS JANUARY 19TH (NEWSRANGERS)-The Federal Government has quietly approved ₦185 as the new petrol pump price per litre. A source told The Guardian that the approved pump price was communicated to major marketers in a memo early Thursday. Our correspondent gathered that fuel stations in Lagos have started adjusting their pump price to the approved…
LAGOS JANUARY 19TH (NEWSRANGERS)-The federal government may increase the price of Premium Motor Spirit (PMS), better known as petrol, to N302 per litre in February 2022 as part of the recommendation of the National Economic Council (NEC) in November 2021. Moneycentral understands that this is part of the government’s plan to fully deregulate the PMS…
LAGOS MARCH 27TH (NEWSRANGERS)-The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organized labour and other stakeholders. In a statement on Friday by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the…