Nigeria’s Senate says about $303 billion from stolen crude oil transactions remains unaccounted for, according to an interim report by its ad hoc committee on crude oil theft chaired by Senator Ned Nwoko.
Taiwo Oyedele says the proposed 5% fuel surcharge will not begin until the naira strengthens or oil prices fall, to avoid worsening Nigerians’ financial hardship.
Petrol prices in Abuja remain high as marketers blame reliance on third-party depots instead of direct supply from Dangote Refinery.
The House of Representatives has resolved to mediate in the dispute between PENGASSAN and the Dangote Refinery to safeguard private investments and ease the fuel crisis caused by the industrial action.
Petrol prices surged to as high as N945 per litre in Abuja as supply disruptions from the PENGASSAN strike triggered scarcity and depot price hikes.
The Federal Government has resolved the industrial dispute between the Dangote Refinery and PENGASSAN after two days of negotiations, securing commitments on workers’ rights, redeployment, and strike suspension.
Petrol prices hit N920 per litre as FG-brokered talks between Dangote Refinery and PENGASSAN collapse in deadlock.
PENGASSAN’s nationwide strike has shut down Dangote Refinery and thermal power plants, raising fears of fuel scarcity, blackouts, and inflation.
“Rather than feigning moral superiority, Otedola should come clean,” Sani said.
Primate Elijah Ayodele has advised President Bola Tinubu against imposing new taxes, warning during a church service that such measures are not what Nigerians need now.