nigeria fuel crisis

  1. Fuel Price Hike Looms: Nigerian Marketers Await Dangote Refinery Pricing Clarity

    Nigeria Fuel Price Hike Looms: Nigerian Marketers Await Dangote Refinery Pricing Clarity

    Nigerian petroleum marketers are demanding transparency from Dangote Refinery over its fuel pricing as the NNPCL announced new rates across the country. Marketers are also considering fuel imports to stabilize prices, citing concerns over Dangote’s production capacity, as domestic supply remains...
  2. Fuel Scarcity Deepens: IPMAN Exposes NNPC's 3-Year Supply Lapse, Prices Surge

    Nigeria Fuel Scarcity Deepens: IPMAN Exposes NNPC's 3-Year Supply Lapse, Prices Surge

    Fuel scarcity worsens in Nigeria as IPMAN reveals NNPC hasn't supplied petroleum products for three years. Marketers now depend on private depots, buying fuel at N750 to N850 per liter. This shortage has led to long queues in major cities, exacerbating the nation's ongoing energy crisis. The...
  3. Nigeria's Fuel Crisis Worsens: Petrol Costs Skyrocket to N978/Liter

    Nigeria Nigeria's Fuel Crisis Worsens: Petrol Costs Skyrocket to N978/Liter

    Nigeria faces severe fuel shortages as petrol landing costs hit N978/liter. The government denies subsidy reinstatement despite projected allocations. Long queues and black market sales plague consumers. Experts call for collaboration between stakeholders to address the crisis. The situation...
  4. Nigeria's Fuel Dilemma Deepens as NNPCL Moves for $2bn Oil-Backed Loan

    Nigeria Nigeria's Fuel Dilemma Deepens as NNPCL Moves for $2bn Oil-Backed Loan

    NNPCL seeks a $2 billion oil-backed loan amid Nigeria's fuel crisis. CEO Mele Kyari claims it's for normal business, not desperation. This follows a $3.3 billion loan in 2023. The move raises concerns as fuel shortages spread nationwide, impacting daily life. Dangote Refinery faces crude supply...
  5. Fuel Crisis Escalates: Lagos Resident Shot Dead in Queue Dispute at Petrol Station

    Nigeria Fuel Crisis Escalates: Lagos Resident Shot Dead in Queue Dispute at Petrol Station

    In a heartbreaking turn of events, Toheeb Eniafe lost his life after being shot at a petrol station in Obalende, Lagos State. The incident occurred late on Wednesday and has left the local community in shock. According to eyewitnesses, Eniafe was patiently waiting in the queue to purchase fuel...
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    Business FG may increase petrol price to N180 per litre – The Nation Nigeria

    The Federal Government may increase the price of Premium Motor Spirit (PMS), popularly called petrol to a minimum price of N180 and above anytime soon. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who dropped the hint in Abuja on Thursday, said the current price of N145 per litre...
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    Politics Saboteurs behind fuel crisis – Balarabe Musa – PM NEWS Nigeria

    Alhaji Balarabe Musa, A former Governor of the old Kaduna State, Alhaji Balarabe Musa, has blamed the current petrol crisis on activities of saboteurs in the oil industry. Musa disclosed on telephone from Kaduna on Thursday that Nigerians were going through this hardship due to selfish interest...
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