Nigeria’s Vice-President Yemi Osinbajo says petrol could sell for N220 or more if the fedral government removes subsidy on the product.
The Federal Executive Council (FEC) on Wednesday ordered the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Ministry to ensure the current fuel scarcity in some parts of the country do not last beyond weekend. The Minister of Information and Culture, Lai Mohammed, disclosed this to State House correspondents at the end of FEC meeting […]
The Senate has raised the oil benchmark for the 2018 budget from the $45 per barrel as proposed by the Federal Government to $ 47 . The upper chamber of the National Assembly took the decision at the plenary on Tuesday after consideration and adoption the report by its Joint Committee on Finance , Appropriations, […]
The Minister of State of Petroleum Resources, Dr. Ibe Kachikwu has thrown more light on why the Federal Government removed subsidy on petrol and pegged pump price at not more than N145 per litre. Rising from a meeting presided over by Vice President, Yemi Osinbajo with major stakeholders in the oil and gas sector, including […]