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Motorists, commuters groan as fuel scarcity bites harder, fares rise

Motorists and commuters have lamented that the persisting fuel scarcity has caused long queues resulting in a hike in transport fares in Lagos and other parts of the country. The fuel scarcity has caused long-drawn gridlocks around fuel stations in the state as motorists queue for hours to fill up their tanks with petrol at the few stations dispensing products. PUNCH Metro reports that long queues have been building up at several petrol stations in...

Fuel rises to N1,300/litre as depots run dry

Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country. The PUNCH reports that black marketers have taken advantage of the situation, selling as high as N1,300 per litre and N1,500 per litre in parts of Lagos and Ogun states. Long queues started building up at fuel stations in Abuja and Lagos...

Following Aliko Dangote’s allegations of illegal activities in the petroleum sector, involving blending plants in Malta, data shows that Nigeria’s oil imports from Malta have skyrocketed in recent times.   According to Trade Map, a global trade statistics database, the value of Nigeria’s petroleum imports from Malta increased by 43 times over the past decade, rising from $47.5 million in 2013 to $2.08 billion in 2023.   This represents a staggering 342% increase, with Nigeria...

  Mele Kyari, the group chief executive officer (GCEO) of the Nigeria National Petroleum Company (NNPC) Limited, has challenged billionaire businessman, Aliko Dangote, to reveal the identities of NNPC workers accused of establishing a blending plant in Malta.  In a statement he issued via his social media platforms, Kyari maintained that he does not own a blending plant in Malta nor did he know any of his colleagues doing so.  SaharaReporters had reported how Aliko...

Mr Farouk who said this in a video issued by the State House media on Thursday, claimed that Dangote made the request to ensure that all oil marketers in the country would patronise only his refinery for fuel.   The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed has said billionaire businessman Aliko Dangote requested for total suspension of fuel importation into the country.    Mr Farouk who said...

The national students body noted that the subsidy removal regime had only brought untold hardships to Nigerians and created fuel scarcity instead of making fuel available to Nigerians. The National Association of Nigerian Students (NANS) has lambasted the President Bola Tinubu-led Nigerian government saying its removal of the fuel subsidy has achieved no result.    The national students body noted that the subsidy removal regime had only brought untold hardships to Nigerians and created fuel...

They were said to have intercepted the smugglers around Sahuda, a border town in the Mubi South Local Government Area of Adamawa State. Smugglers on Sunday attacked and injured a Nigerian customs officer around Sahuda, a border town between Nigeria and the Republic of Cameroon, SaharaReporters has learnt. Officers attached to the Adamawa/Taraba Area Command were attacked while blocking the smugglers from ferrying Premium Motor Spirit (PMS), also known as petrol to the Republic of...