scarcity

  • Nigeria Lifts Gas Subsidy, Fuel Nearly Doubles Price

    Nigeria Lifts Gas Subsidy, Fuel Nearly Doubles Price

    Thursday, 12th May 2016
    Nigeria's government announced it is lifting a controversial subsidy on gas, nearly doubling the price amid a massive fuel shortage and militant attacks on oil installations in Africa's biggest petroleum producer.
  • NNPC Raises Fuel Supply to Abuja, Other States

    NNPC Raises Fuel Supply to Abuja, Other States

    Wednesday, 13th April 2016
    The fuel supply and distribution situation in Nigeria is gradually easing out after the Nigerian National Petroleum Corporation increased the distribution of Premium Motor Spirit (PMS), known as petrol.
  • Nigeria Destroys 400 Illegal Mini-Refineries Despite Scarcity

    Nigeria Destroys 400 Illegal Mini-Refineries Despite Scarcity

    Monday, 11th April 2016
    The Nigerian Security and Civil Defence Corps, NSCDC, informed it had recently destroyed more than 400 illegal mini-refineries operated by oil thieves. The measure was met with criticism as it is not believed to be the best solution taking into account that the country is unable to refine enough crude for local consumption of by-products.
  • Nigeria to Increase Petrol Price, Considering Privatisation

    Nigeria to Increase Petrol Price, Considering Privatisation

    Wednesday, 6th April 2016
    Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its funding crisis
  • Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity

    Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity

    Tuesday, 29th March 2016
    Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a goal to end fuel scarcity in the country.