• Raid by DSS worsens dollar scarcity at parallel market

    Raid by DSS worsens dollar scarcity at parallel market

    Suspicion and fear permeates the Lagos parallel market as traders struggle to come to terms with last week’s raid by security operatives, the News Agency of Nigeria reports.

    The situation worsened the scarcity of the greenback as traders’ fear that operatives of the Department of State Services were still disguising as potential foreign exchange buyers in the market.

    A currency trader, who pleaded anonymity, said the situation might further erode the gains made by the Central Bank of Nigeria in ensuring the […]

  • Fuel scarcity looms as DPR, PPMC, PPPRA join PENGASSAN on strike

    Fuel scarcity looms as DPR, PPMC, PPPRA join PENGASSAN on strike

    The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), other members of the oil and gas industry, such as Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA), have announced plans to go on strike.

    A statement signed by the National Public Relation Office , PENGASSAN, Comrade Emmanuel Ojugbana, called on all chairmen and secretaries in the four zones and branches to comply with the new directive.

    He said “In the meeting, the gradual method of shutdown was […]

  • See What Tomato Scarcity Caused in Lagos … Photos

    See What Tomato Scarcity Caused in Lagos … Photos

    This man traveled to the North for an official assignment and when he saw fresh tomatoes which were cheaper, He business acumen came into play and this is what happened.

    This man traveled to the North for an official assignment and when he saw fresh tomatoes which were cheaper, He business acumen came into play and this is what happened.

    I feel sad for the brand new Land

  • Another Fuel Scarcity Looming As Marketers Threaten To Halt Fuel Imports

    Another Fuel Scarcity Looming As Marketers Threaten To Halt Fuel Imports

    With the country just coming out of one fuel crisis, there’s no eagerness to get into another, but that might just be the case if the oil marketers are to be believed.

    The marketers, under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DPPMAN) have said except the CBN provides foreign exchange to import fuel, the recent subsidy payment they received from the government will remain in their naira accounts.

    They made this clear on Friday, May 20, […]

  • (Woow)! Nigerians Attempt to Turn Urine into Fuel to Survive Scarcity (Photo)

    (Woow)! Nigerians Attempt to Turn Urine into Fuel to Survive Scarcity (Photo)

    Should i consider this a mockery of the FG by Nigerians as a result of the biting crisis of fuel scarcity that has refused to go away despite several promises by the Minister of state for Petroleum.

    Some Nigerian youths were pictured taking turns to urinate in the fuel tank of a car for the purpose of making it serve as fuel since they share the same colour.  Very