Fuel Scarcity Archives — City Business News

September 2, 2024 No Responses

NNPCL Admits Owing Petrol Suppliers

The Nigerian National Petroleum Company Limited (NNPCL) admitted at the weekend its “significant debt to petrol suppliers,” saying it poses a threat to the sustainability of fuel supply. In a statement on Sunday, NNPCL spokesman Olufemi Soneye said “This financial...

May 1, 2024 No Responses

Petrol Marketers Threaten Strike Over ₦200b Debt

Members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims. The threat comes following cur...

July 19, 2023 No Responses

NNPC Explains Increase In Fuel Price

The Nigerian National Petroleum Company Ltd, has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities. The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview...

June 1, 2023 No Responses

NNPCL Confirms Petrol Pump Price Increase

The Nigerian National Petroleum Company NNPC Limited (NNPCL) has confirmed the increase in the pump price of premium motor spirit (PMS) popularly known as petrol in its retail outlets across the country. The national oil firm, in a statement signed...

February 15, 2023 No Responses

Fishermen Lament Cash Crunch, Fuel Scarcity

Artisanal fishermen operating along the Atlantic coastline in Niger Delta on Tuesday lamented the hardships they had been facing as Central Bank of Nigeria (CBN) cashless policy cripple their vocation. Niger Delta Coordinator, Artisanal Fishermen Associa...

February 8, 2023 No Responses

NNPCL Begins Direct Supply Of Petrol To IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday disclosed that the management of the Nigerian National Petroleum Company Ltd. (NNPCL) has allocated petrol to its members directly to ease scarcity. Mr Chinedu Okoronkwo, the N...

January 28, 2023 No Responses

Fuel Scarcity Worsens, Bites Harder In FCT

Residents and motorists in the Federal Capital Territory (FCT) and its environ have continued to lament the hardship being experienced as scarcity of Premuim Motor Spirit (PMS), known as petrol worsened. A correspondent of the News Agency of Nigeria (NAN...

May 8, 2022 No Responses

Ibom Air Will Not Withdraw Flight Services, Says CEO

Ibom Air is not taking part in the proposed withdrawal of flight services as announced by Airline Operators of Nigeria (AON). AON had hinged its resolve to shut down domestic flights on the increase in the price of aviation fuel. In...

February 16, 2022 No Responses

Fuel Scarcity Bites Harder Nationwide

Commuters in Abuja and other parts of the country have continued to experience hardship due to non-availability of Premium Motor Spirit (PMS), also known as petrol, for over a week. The News Agency of Nigeria (NAN) reports on Tuesday that...

February 10, 2022 No Responses

Petrol Queues Persist In Abuja

Motorists in Abuja on Wednesday continued to experience hardship in the purchase of Premium Motor Spirit (PMS), also known as petrol, for the fourth day running. The News Agency of Nigeria (NAN) reports that retail outlets around Maitama, Wuse, Gwarimpa,...

March 1, 2021 No Responses

NNPC Cautions Against Panic Buying

The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol, saying it has no plan to increase the ex-depot price in March. In a statement issued by its spokesman,....

June 29, 2019 No Responses

Nissan Records Ten Millionth Vehicle At Sunderland Plant

Nissan Sunderland Plant is celebrating another record-breaking milestone as the ten millionth vehicle rolls of the production line. A statement explained that it has taken the plant 33 years to reach the ten million mark – making it the fastest...

February 8, 2018 No Responses

NNPC to tackle fuel scarcity with two Cargoes per day in February

In a bid to keep the country wet with petrol and eradicate the fuel queues that have resurfaced in some cities, the Nigerian National Petroleum Corporation (NNPC) has programmed to bring in two cargoes of petrol per day for the...

December 28, 2017 No Responses

Abuja motorists get more free fuel as NNPC, DPR, seal stations

Some motorists in Abuja on Wednesday got more free petrol as the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR) sealed more stations. The team had sealed the Khalif Civic Centre and Investment Limited at Kubwa,.....