fuel hike

President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has shed light on the reasons behind the fuel scarcity experienced across the country, particularly in Lagos and Abuja. During an interview on Channels Television’s Sunrise Daily, he highlighted the issue of ‘bridging funds’ between the Nigerian Midstream and Downstream […]

The National Economic Council (NEC) has recommended an increase in the pump price of fuel, according to TheCable. Petrol price currently sells between N162 and N165 per litre in the country. In a report, the online newspaper said NEC, chaired by Vice-President Yemi Osinbajo, made the recommendation in November 2021. This is reportedly part of […]

Labour union representatives on Sunday staged a walk-out from a meeting with the federal government, barely five minutes after it started. According to the president of the Trade Union Congress, Quadri Olaleye, on the meeting’s top agenda were the issues surrounding the hike in the price of fuel and electricity tariffs, not issues of palliatives. […]