NBS Releases CPI and PMS Watch for the Month of March 2016 (By Akinrinde, Ibukunoluwa Jeremiah)

The latest release of the Nigerian Bureau of Statistics revealed a persistent increase in commodity prices. Inflation rate in the country was 11.4% and 12.8% in February and March 2016 respectively. This indicates an increasing…

FG Retains Petrol Price at N86.50 for Q2 (By Akinrinde, Ibukunoluwa Jeremiah)

The Federal Government (FG) has decided to retain the existing fuel price at N86 for NNPC retail outlets and N86.50 for oil marketers. This price was dictated by the new Petroleum Products Pricing Regulatory Agency (PPPRA) pricing template at the…

FG Plans New Prices for Fuel, as Scarcity Lingers (By Akinrinde, Ibukunoluwa Jeremiah)

The Federal Government (FG) has raised awareness about a possible upward review of fuel prices in May and the need to automate the Petroleum Product Pricing Regulatory Agency (PPPRA) pricing. This is “…to encourage local refining and…

Oil Marketers to Get $200m for Fuel Imports (By Akinrinde, Ibukunoluwa Jeremiah)

In efforts to address the present forex crises in the Nation, the NNPC and the CBN have entered into partnership to provide $200 million for oil marketers to enable them meet their fuel import allocation in Q2 2016. This has been made achievable…

Kachikwu’s Confessions on the Fuel Crisis (By Akinrinde, Ibukunoluwa Jeremiah)

The Minister (of States) for Petroleum, Dr Ibe Kachikwu’s, after partly effecting his promise of easing of fuel scarcity by April 7, 2016, explained the issues surrounding the fuel crisis at an opportune moment when Nigerians would listen. He…