The Nigerian government has distanced itself from the recent petrol price hike, now reaching N1,030 per liter. Minister Mohammed Idris attributed the increase to global market volatility and stated that the NNPCL acted independently under the Petroleum Industry Act. Public reactions express...
The Nigeria Labour Congress (NLC) criticizes the recent petrol price hike, stating it has rendered the ₦70,000 minimum wage ineffective. NLC President Joe Ajaero revealed that President Tinubu's promises were misleading, and workers are struggling to cope with economic hardship caused by rising...
The National Association of Nigerian Students (NANS) is prepared to meet with President Bola Tinubu to discuss the recent petrol price hike. NANS is in talks with key stakeholders, aiming to alleviate the hardships faced by Nigerians and to mobilize for a nationwide protest scheduled for...
The recent hike in petrol prices in Nigeria has led to over a 50% increase in transport fares nationwide. Commuters are struggling to afford transportation, prompting protests from students and unions demanding a reversal of the price hike. The economic impact is expected to exacerbate inflation...
The Manufacturers Association of Nigeria warns that the recent petrol price hike from ₦568 to ₦855 per litre may lead to rising inflation, increasing costs for transportation and goods. This could particularly impact small and medium-sized enterprises, reducing consumer demand and threatening...
The Nigeria Labour Congress (NLC) has accused President Bola Tinubu of betrayal following a rise in petrol prices and fuel shortages. NLC President Joe Ajaero criticized Tinubu for breaking promises regarding fuel price stabilization and the implementation of a new minimum wage, calling the...
Kenneth Okonkwo, actor turned politician, criticizes Nigerians for not protesting the recent petrol price hike to N1,000 per liter. He contrasts this with past protests against lower price hikes, highlighting the irony of current leaders' silence. Okonkwo's remarks follow President Tinubu's...
Fuel scarcity in Lagos has driven prices to N850 per litre, causing transport fare hikes and severe congestion at filling stations. With black market rates soaring up to N1,400 per litre, commuters are struggling as authorities fail to address the underlying issues. The situation is expected to...
Read about Nigeria's petrol price surge in May 2024, with Jigawa topping at ₦937/litre post-subsidy removal, affecting inflation and consumer costs nationwide.
In May 2024, the National Bureau of Statistics (NBS) reported a staggering increase in the average retail price of Premium Motor Spirit...
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