• CNPP warns FG against fresh fuel price hike

    CNPP warns FG against fresh fuel price hike

    Amid rumour making the rounds of a possible increase in pump price of petrol, the Conference of Nigeria Political Parties (CNPP) on Monday warned the Federal Government against imminent consequences of any such plan at a time an average Nigerian citizen can hardly afford one good meal a day.

    The conference, in a statement signed by its Secretary General, Chief Willy Ezugwu counseled the citizens never to put their hope Labour unions in Nigeria for any reversal of a hike in […]

  • NLC warns FG against another increase in fuel price

    NLC warns FG against another increase in fuel price

    According to reports, the Nigeria Labour Congress (NLC) has cautioned the government over the continuous increase in fuel price despite the economic hardship in the country.

    This is coming just as retail stations increased their pump price from N141 to N145, and some private marketers increased to N150.

    It was also gathered that some filling stations such as Oando and Mobil filling stations opposite Magboro off the Lagos-Ibadan expressway, did not sell the products on Saturday, thereby arousing fear of an impending […]

  • N145 fuel price: Marketers were given N30 per litre margin – CBN

    N145 fuel price: Marketers were given N30 per litre margin – CBN

    At  the  time this programme  started we were told that they could procure forex at not more than N280 to the dollar and the price should not be more than N145 per litre. In working out the effective price of N145 the template provided for nothing less than N30 per litre margin for the marketer. You can quote me on this.

    That template is available. By making N30 per litre available to the marketer what this does is that even if […]

  • No plan to increase fuel price – Petroleum Stakeholders

    No plan to increase fuel price – Petroleum Stakeholders

    Major stakeholders in the petroleum downstream sub-sector have dismissed the report of an imminent increase in the price of fuel.

    This is contained in a statement jointly signed by Mrs Sotonye Iyoyo, acting Executive Secretary of PPPRA, Mr Obafemi Olawore, Executive Secretary, MOMAN and Mr Olufemi Adewole, Executive Secretary DAPPMA.

    The statement said in Abuja on Wednesday that the envisaged increase in fuel was unfounded and uncalled for.

    It said that a decision not to increase the price of fuel was reached at […]

  • Do not increase fuel price, improve economy – TUC tells FG

    Do not increase fuel price, improve economy – TUC tells FG

    The Trade Union Congress of Nigeria (TUC) on Tuesday said that instead of planning to increase the pump price of fuel, the Federal Government should improve people’s living conditions.

    The TUC President, Mr Bobboi Kaigama and its Acting General-Secretary, Mr Simeso Amachree, in a statement on Tuesday in Lagos, vowed to resist any form of fuel increase above N145.

    “The economy is already on its knees. We suggest that the government should reduce the cost of governance and create a more friendly […]

  • TUC Will Resist Further Increase Of Fuel Price

    TUC Will Resist Further Increase Of Fuel Price

    Trade Union Congress of Nigeria has kicked against the call in some quarters for an increase in the pump price of fuel by the management of Nigerian National Petroleum Corporation (NNPC).

    The TUC stated that It is annoying that the call came even when the Federal Government which it alleged  is yet to fulfil its promises and agreement reached with organised labour during the protest against the last hike in May this year.

    This was contained in a statement signed by the […]

  • Domestic airlines considering Airfare increase over hike fuel price

    Domestic airlines considering Airfare increase over hike fuel price

    According to reports, the country’s domestic airlines are mooting an increase in fares. This is premised on the recent increase in the price of aviation fuel. According to the airline operators, a circular informing them of the increase in the price of aviation fuel from N115 per litre to N150 was issued in Lagos last week.

    The domestic airline operators told the Minister of State for Aviation, Senator Hadi Sirika, of their predicament during two meetings on Monday.

    The Chairman of the Airline […]

  • NLC, JAF meet today on next line of action over Fuel price protests

    NLC, JAF meet today on next line of action over Fuel price protests

    The Nigeria Labour Congress, NLC, faction led by Ayuba Wabba, will meet Sunday in Abuja, to review the ongoing nationwide strike and protests  over the increase in fuel price.

    The faction of the NLC, alongside the Joint Action Front, JAF, had, since Wednesday, May 18, embarked on a nationwide strike and mass protests.

    The meeting follows appeals by President of Senate, Bukola Saraki; Speaker of the House of Representatives, Yakubu Dogara, and the National Leader of All Progressives Congress, APC, Bola Tinubu, […]

  • FG appeals to Labour, says competition will reduce fuel price

    FG appeals to Labour, says competition will reduce fuel price

    The Federal Government has appealed to workers’ unions to shelve their proposed strike over the new petrol price of N145 per litre.

    The Minister of Information and Culture, Alhaji Lai Mohammed, made the appeal at an interactive session with journalists in Abuja on Monday.

    Mohammed said the new price was introduced for the country to survive as government could no longer afford the foreign exchange spent by the NNPC to import petrol.

    According to him, the nation’s earnings had dropped to about 550 […]

  • Why I refused to condemn Buhari over sudden fuel price increment – Bode George

    Why I refused to condemn Buhari over sudden fuel price increment – Bode George

    A former Deputy National Chairman of the Peoples Democratic Party, Chief Bode George, said he refrained from criticising the policies of the All Progressives Congress-led Federal Government because resolving the crisis in his party was more important.

    George said it was unnecessary to condemn the policies of the APC now because the party had pleaded with Nigerians that they should be given time.

    Speaking in an interview on Thursday, George said he refused to comment on the increase in fuel price because […]

  • Why FG may raise fuel price to N130

    Why FG may raise fuel price to N130

    According to reports, the Federal Government may be considering increasing petrol price as part of efforts to resolve perennial fuel shortages.

    If the plan sails through, government may also have to abandon its policy of fixing the pump price of petrol in order to allow independent marketers resume the importation of fuel to sell at profitable margins, sources at the Petroleum Product Pricing Resulated Agency (PPPRA) have said.

    According to the sources, the resumption of products importation by marketers will be an […]