•NNPCL trucks lining up for petrol loading at the Dangote Refinery Oil marketers under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have advocated a holistic market where Nigeria-based refiners, importers, depot owners and retail outlets are given a level playing field to operate. The oil market...
•Joseph Osanipin The Director General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, has emphasised the need to focus on the local production of car components, as the importation of spare parts has reached $19 million in just one year. Speaking at a media briefing in Abuja, Osanipin stressed that the trend...
•Trucks line up for Dangote refinery fuel The price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery and released by the Nigerian National Petroleum Company Limited on Monday may justify the importation of the commodity into Nigeria, oil marketers have said. Dealers also stated that vessels of import...
•Femi Falana Human rights lawyer Femi Falana says the “importation scam” around petrol must be investigated. “It is high time the importation scam was investigated,” he said on Channels Television last night. “I am not talking about the joke that is going on in the National Assembly. The media must help, civil society organisations must [&hell...
•Minister of Finance and Coordinating Minister of the Economy, Wale Edun The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the country currently spends $600 million on fuel importation monthly. He stated that the high import bill is due to neighbouring countries, up to Central Africa, benefiting fro...
•Fuel scarcity Some experts in the oil and gas sector have said Nigeria was not ripe to stop the importation of refined petroleum products, asking the Nigerian Midstream and Downstream Petroleum Regulatory Authority not to bow to pressure. The experts stated this in the wake of allegations by the NMDPRA Chief Executive, Farouk Ahmed, that [&he...
A renowned Professor of the Department of Agriculture and Environmental Engineering, Obafemi Awolowo University, Ile-Ife, Prof. Kehinde Owolarafe yesterday hinted that Nigeria is losing N94 billion to palm oil importation annually. The don dropped the hint while speaking at a one-day sensitisation workshop with the theme: “Promoting Palm Oil V...
•TUC president, Festus Osifo The Trade Union Congress of Nigeria has asked the federal government to begin the importation of food in two weeks to mitigate the soaring prices of food across the country. This was disclosed by the President, TUC, Festus Osifo, during a press conference on the economic hardship ravaging the country today [&hellip...
The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball on cement reduction in the country. It also said that although it is aware of the macroeconomic challenges facing the country some of the key components of producing building materials, especia...
•Prof Mojisola Adeyeye The Director General of the National Agency for Food and Drugs Agency Commission, Prof Mojisola Adeyeye, was recently in the eye of the storm; when reports quoted her to have said 50 per cent of pharmaceutical products imported into the country were fake. In this interview with Channels Television crew today, monitored [...
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