Fuel tax on hold till naira strengthens, oil price drops – Oyedele
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.
Customs
Why fuel prices remain high despite drop in crude oil cost
Petrol prices in Abuja remain high as marketers blame reliance on third-party depots instead of direct supply from Dangote Refinery.
Nigeria could have avoided current crisis if subsidy ended in 2011 — Sanusi
Sanusi said Nigeria’s current inflation and hardship are results of the delayed removal of fuel subsidy since 2011.
House of Reps intervenes as PENGASSAN–Dangote face-off worsens fuel crisis
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.
FG considers ending ‘cost of collection’ deductions by revenue agencies
Finance Minister Wale Edun says the federal government plans to end the deductions known as “cost of collection” paid to agencies such as FIRS, Customs, and NUPRC.
Petrol now N945 in Abuja, marketers blame PENGASSAN strike
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.
Strike suspended as FG resolves Dangote, PENGASSAN rift
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.
PENGASSAN vs Dangote: FG mediation fails as Nigerians pay more for petrol
Petrol prices hit N920 per litre as FG-brokered talks between Dangote Refinery and PENGASSAN collapse in deadlock.
Otedola rebuffs subsidy fraud claims, hits back at Umar Sani
“Zenon Petroleum never traded in PMS and could not have claimed subsidy,” Otedola said.
PENGASSAN strike triggers fears of fuel hike, blackouts
PENGASSAN’s nationwide strike has shut down Dangote Refinery and thermal power plants, raising fears of fuel scarcity, blackouts, and inflation.