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Nigeria: Subsidy Removal to Save Govt N16.4 Billion Monthly - Petroleum Minister
This Day, 15 May 2016
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the federal government would have had to shop for N16.4 billion every month to offset subsidy claims of… Read more »
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Nigeria: Fuel Hike - Labour to Embark On Strike Wednesday
Daily Trust, 15 May 2016
The organized labour said yesterday that it will embark on an indefinite nationwide strike on Wednesday to make the federal government reverse the recent increase of petroleum… Read more »
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Nigeria: Petrol Price Hike - Nigerians React, Adopt Self-Discipline
Guardian, 14 May 2016
Following Federal Government's sudden increase in the pump price of petrol by about 87 per cent from N86.50 to N145 maximum on Wednesday, the impact is gradually dawning on many… Read more »
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Nigeria: Five Reasons Why Nigeria Ended Fuel Subsidies
DW, 13 May 2016
Africa's largest oil producer, Nigeria, had introduced fuel subsidies to keep prices at bay. But on Wednesday, President Buhari said his government would no longer be able to… Read more »
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Nigeria: The New Fuel Pricing Regime - Matters Arising
Vanguard, 13 May 2016
The federal government had announced a new fuel pricing regime which had sent the pump price to an all time high of N145 per litre, and in some places far above that. This… Read more »
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Nigeria: Mixed Reactions Trail New Pump Price of Petrol
Vanguard, 13 May 2016
While some hailed the government decision, as they see it as a way of addressing the perennial fuel crisis in the country, others believe that the decision was hasty and… Read more »
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Nigeria: Petroleum Sector Deregulation - Naira Depreciates By N14 to N334/$
Vanguard, 13 May 2016
After two months of stability, the naira, yesterday, depreciated by N14 in the parallel Read more »
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Nigeria: Removal of Fuel Subsidy Is in Peoples' Interest - LCCI
Daily Trust, 12 May 2016
Mr Muda Yusuf, the Director-General of Lagos Chamber of Commerce and Industry ( LCCI), on Thursday said that deregulation of the petroleum sector was in the peoples' interest. Read more »
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Nigeria: Stakeholders Commend FG Over Total Deregulation of Petroleum Sector
Vanguard, 12 May 2016
Some stakeholders in the oil and gas sector on Thursday commended the Federal Government for the total deregulation of the petroleum sector. Read more »
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Nigeria: Subsidy Removal Would End Hardship Faced By Nigerians - Lawmaker
Vanguard, 12 May 2016
Lawmaker representing Mainland Constituency in the House of Representatives, Mr Jide Jimoh, on Thursday said that subsidy removal on petrol by the Federal Government would end the… Read more »
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Nigeria: Kwara Residents, Workers Reject Petrol At N145 Per Litre
This Day, 12 May 2016
Residents of Kwara state have rejected the new price regime of petrol at N145 per liter announced by the federal government. Read more »
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Nigeria: Condemnation Trails Fuel Price Increase As Long Queues Disappear in Kaduna
This Day, 12 May 2016
Second republic governor of Kaduna state, Alhaji Balarabe, Arewa Youths Forum and the youth wing of the opposition People's Democratic Party (PDP) on Thursday condemned the… Read more »
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Nigeria: NNPC, Other Fuel Stations Comply With New Pump Price in Ekiti
This Day, 12 May 2016
The Nigerian National Petroleum Corporation (NNPC) and private marketers operating in Ado Ekiti on Thursday started complying with the new pump price of N145 per litre for petrol… Read more »
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Nigeria: Fuel Price Hike - Dino Melaye Gives Buhari 7-Day Ultimate to Reverse Policy
Premium Times, 13 May 2016
President Muhammadu Buhari should 'immediately reverse' the new policy measure he announced for a deregulation of Nigeria's petroleum downstream because of the "unbearable" effects… Read more »
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Nigeria: N145 Pump Price - Police Beef Up Security in Abuja
Vanguard, 12 May 2016
Apparently trying to prevent being taken unawares by angry Nigerians over the sudden fuel price hike, the Police Wednesday beefed up security across the Federal Capital Territory. Read more »
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Nigeria: Why Buhari's Jerking of Petrol Pump Price By N58.50 Is Political 419 - Fayose
Vanguard, 12 May 2016
Governor Ayodele Fayose of Ekiti State has said that President Muhammadu Buhari and his All Progressives Congress (APC) were playing Nigerians Advanced Fee Fraud over the removal… Read more »
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Nigeria: New Petrol Price Takes Off On Shaky Note in Minna
This Day, 12 May 2016
Implementation of the new pump price of petrol introduced by the federal government took off on a shaky note in Niger state on Thursday with most of the the fuel outlets not… Read more »
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Nigeria: Subsidy Removal Will Sustain Supply - Reduce Suffering - Kachikwu
Vanguard, 12 May 2016
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the new pump price of N145 for Premium Motor Spirit would help to sustain supply and reduce the suffering to… Read more »