Tinubu Defends Fuel Subsidy Removal, Says No Regret Over Swift Action President Bola Ahmed Tinubu has defended his decision to immediately remove the fuel subsidy upon assuming office on May 29, 2023, stating that it was necessary to safeguard Nigeria’s future and that of generations to come. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires … Read more
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its commitment to re-stream the Port Harcourt Refining Company (PHRC), marking the start of crude oil processing and the distribution of petroleum products to the market. This milestone was announced in a statement on Tuesday by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye. … Read more
A large crowd of activists gathered in Abuja’s Three Arms Zone on Tuesday, calling for comprehensive reforms in Nigeria’s oil sector. Led by the APC Solidarity and Development Forum alongside various youth and civil society groups, protesters voiced their frustrations over rising fuel prices, ongoing shortages, and worsening economic conditions impacting Nigerians. During the demonstration … Read more
Former Minister of Transportation Rotimi Amaechi has voiced his frustration over Nigerians’ complacency amidst worsening economic challenges. In an interview with Igbere TV, Amaechi criticised the lack of proactive responses, particularly from the youth, in the face of rising living costs. Amaechi, who previously served as the governor of Rivers State, expressed surprise at the … Read more
The Nigeria Labour Congress (NLC) and former Vice President Abubakar Atiku have expressed concern over the recent hike in petrol prices by the federal government, warning that it has pushed most Nigerians to a breaking point. Speaking over the weekend, Atiku emphasized that the hike, along with plans to increase Value Added Tax (VAT), will … Read more
Amidst Nigeria’s recent fuel price surge, public affairs analyst Sabo Muhammad has called on President Bola Ahmed Tinubu to suspend the management of the Nigeria National Petroleum Company Limited (NNPCL) and initiate a thorough investigation into the company’s affairs. In an exclusive interview on Saturday, Muhammad expressed his concerns about the lack of a forensic … Read more
The Nigerian National Petroleum Corporation Limited (NNPCL) has reportedly suspended the sale of Premium Motor Spirit (PMS), commonly known as petrol, to independent marketers following a price hike to N855 per litre at its retail outlets nationwide. This decision, made on Tuesday, has exacerbated fuel scarcity, leading to widespread protests and long queues at petrol … Read more
In what has become one of the most severe fuel crises in recent memory, Nigerians across major cities are grappling with the dire consequences of a nationwide scarcity of Premium Motor Spirit (PMS), commonly known as petrol. The fuel shortage, which began as a ripple effect of President Bola Tinubu’s announcement to remove fuel subsidies … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has directed petrol stations to stay open longer to improve the supply and distribution of Premium Motor Spirit (PMS), commonly known as petrol. Eko Hot Blog reports that the company called on fuel stations to aid availability of the product in view of the current tight situation. Editor’s … Read more
IPMAN has ordered its members to suspend operations and shut down filling stations in Borno. The chairman of IPMAN in Borno, Mohammed Kuluwu, made this known in a statement on Tuesday. Mohammed has also ordered the marketers to suspend the payment of ordering products from the source until further notice. EKO HOT BLOG reports that … Read more
NANS has given President Buhari a 7-day ultimatum to resolve the lingering fuel crisis in Nigeria. The student’s body alleged that petrol is continuously being hoarded in the country, describing it as “artificial fuel scarcity”. NANS described the scarcity as blackmail instigated to spread propaganda. EKO HOT BLOG reports that the National Association of Nigerian … Read more
PDP has warned the Federal Government that the looming fuel crisis may spark worse protests than EndSARS. The main opposition also accused the President, Major General Muhammadu Buhari (retd.), of abdicating his duties and being “aloof” and “absent” EKO HOT BLOG reports that the Peoples Democratic Party, PDP, on Sunday warned that the ongoing fuel … Read more