LAGOS AUGUST 4TH (NEWSRANGERS)-Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power. State-oil firm NNPC said late on Thursday it has partnered with NIPCO Gas to […]
LAGOS JULY 18TH (NEWSRANGERS)-Petrol prices in Nigeria hit their highest level ever on Tuesday (July 18). That’s just weeks after President Bola Tinubu scrapped a fuel subsidy in a country where millions of households and businesses rely on petrol for power due to a patchy national grid. According to a circular seen by Reuters, […]
LAGOS JUNE 16TH (NEWSRANGERS)-Sitting on top of a yellow jerry can of fuel, Jeannine waits for customers on a sidewalk in Benin’s economic capital Cotonou, but business is slow. The motorbikes and cars she normally supplies are no longer stopping to stock up on her cheap gasoline, which is smuggled in from neighbouring Nigeria. Since […]
LAGOS FEBRUARY 6TH (NEWSRANGERS)-Former governor of Edo State, Adams Oshiomhole, has said he paid N1,000 to purchase a litre of petrol, just as he lamented the scarcity of fuel and new naira. Oshiomhole said this when he featured on Channels Television’s election programme The 2023 Verdict on Sunday. “On one occasion, I ran out of […]
LAGOS JANUARY 25TH (NEWSRANGERS)-The swollen body of a 39-year-old man, Jemilah Abdullahi, has been recovered from a diesel tanker compartment where he suffocated while allegedly attempting to steal diesel. PUNCH Metro gathered that the incident happened on Monday in the Ikorodu area of Lagos State. It was learnt that Abdullahi worked as a driver with […]
LAGOS JANUARY 11H (NEWSRANGERS)-The Minister of State for Petroleum Resources, Timipre Sylva, said buying Premium Motor Spirit (PMS), also known as fuel, at N300 per litre is not too much for Nigerians. Sylva said in comparison with fuel prices in United Kingdom, the United States, and the Arab communities, he won’t complain if the petrol […]
LAGOS DECEMBER 30TH (NEWSRANGERS)-A man presumed to be in his 50s has been feared dead while queuing to buy petrol at a filling station in Oluyole Estate. The man, whose identity is unknown, suspected to be an Alhaji was sitting on his steering with one leg on the pedal and the other on the ground […]
LAGOS NOVEMBER 10TH (NEWSRANGERS)-Without the current subsidy on petrol, the actual importation and retail cost would be at N410 per litre as market conditions take price to thrice of N170 pump price, said the Group Chief Executive Officer of NNPC Limited, Mele Kyari. Daily Trust had reported on Tuesday that marketers are pushing for over […]
LAGOS JULY 30TH (NEWSRANGERS)-Nigeria airlines have increased fares for domestic flights to at least N80,000 depending on the trip over the rising cost of aviation fuel and foreign exchange (FX) crisis. Checks by TheCable on Friday showed that Azman Air flight from Lagos to Kano/Kaduna increased from about N60,000 to N100,000. Air Peace also increased […]
LAGOS MARCH 12TH (NEWSRANGERS)-The Minister of Finance, Mrs Zainab Ahmed, has revealed how the Federal Government quietly removed the subsidy on electricity tariff. She said the government had to carefully adjust the prices incrementally at some levels. Speaking on Thursday at a virtual meeting of African Finance Ministers and the International Monetary Fund, Ahmed also […]
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