Tag: PPPRA

EFCC chair, Abdulrasheed Bawa, testified as the fifth prosecution witness in the N1.5 billion forgery case on Wednesday.

The Senate Public Accounts Committee, which relied on the report of the Auditor General of the Federation, has asked PPPRA ...

The announcement the government pays up to N120 billion monthly sets the stage for a likely hike in the retail ...

The Minister of State for Petroleum , Timipre Sylva, says neither he nor President Muhammadu Buhari was informed, and regrets ...

It was not immediately clear whether the decision signalled a reversal of the price hike by the government.

The NNPC said on March 1 there was no plan to raise fuel prices.

The oil majors and other players in the industry expressed disatisfaction with some provisions of the Petroleum Industry Bill, 2020.

It noted that in 2012, N1.35 trillion was paid as subsidy, the highest in the period under review.

PPRA says full deregulation has already begun and the government no longer fixes fuel prices.

Nigerians have condemned the latest fuel price hike have at a time of the coronavirus economic downturn.

The current approved petrol price, as announced by the PPPRA in July, ranges from N140.80 to N143.80 per litre price.

Tthe retail price of petrol across Nigeria should now be between N121.50 and N123.50 per litre.

The PPPRA says the engagement is aimed at ensuring modalities for accessing the applicable foreign exchange window by the marketers.

The PPPRA had earlier told the retailers to choose between two price bands.

The current official price of petrol is N145 per litre.

"The high truck-out volume recorded before the partial closure of the nation's borders could be attributed to the seepage of ...

The Corporation insists that petrol price at Depots remains N133.28 per litre contrary to marketers’ claim.

A PREMIUM TIMES analysis shows that, in 2017, a total of N183 billion was paid by Nigerians who bought petrol ...

The agency says the claim is "distorted information".

The government offers to pay N236 billion to the marketers on or before December 14.

The average price per litre is about 11.12 per cent higher than about N171.8 paid in December 2017

“Our target is to see black market operators disappear.”

The NNPC claims the scarcity is caused by "panic buying".

Petrol price currently stands at N145 per litre in all filling stations across the country.

Bridging allowance to transporters rose by N1.