Shame as Nigeria now imports 91% of its daily petrol needs—BudgIT
Leading technology driven research and development group, BudgIT, has come up with a report revealing that in the last 13 years, Nigeria had been importing no less than 91 per cent of its daily petrol needs upon being the sixth…
Confusion as oil marketers distance self from N800b subsidy debt pact with FG
Less than 48 hours the Federal Government made a claim that it has sealed an understanding with oil marketers on the lingering N800bn subsidy debt crisis; the group has denied any agreement with the government. The Chief Financial Officer of…
FG’s body language weak in payment of N650bn debt—Oil marketers aver
Though the oil marketers’, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), had last week made another passionate appeal to the federal government demanding payment of N650 billion debt owed them, a top member of the group…
Lai Mohammed’s silence worries Nigerians as fuel queues erupt in Lagos, others
As long queues of motorists and other users of fuel engulf every petrol station dispensing the product in any part of Lagos and Abuja throughout Monday, January 22, 2018, many Nigerians who spoke in anger to Business Hilights Correspondents are…
Direct fuel supply to independent marketers by NNPC fizzling out queues, but…
Since the commencement of direct sales of Premium Motor Spirit, popularly known as petrol, to independent oil marketers by the Nigerian National Petroleum Corporation (NNPC), checks are beginning to suggest that the idea is fast fizzling out queues. However, there…
Collection of fuel pricing template charges in dollars frustrating—IPMAN
Another factor hobbling the early end to the intractable fuel scarcity squeezing the nations since December last year has been revealed by the leadership of the Independent Petroleum Marketers Association of Nigeria (IPMAN). President of IPMAN, Mr. Chinedu Okoronkwo, who…
NNPC can’t sustain being sole importer, marketers’ can’t import, sale at N145
Two key issues at the centre of the current yuletide fuel scarcity have been revealed vide a report by the Business Hilights Intelligence Unit (BHIU). According to the report released weekend in Lagos, “The continued double status assumed by the…
