“Excitement as Cooking Gas Prices Plummet: Nigerians Share Receipts and Expect Further Drops.
Cooking gas prices hit a 9-month low, sparking a social media frenzy.
Receipts show prices dropping from N9,375 to N6,950 for 12.5kg. With petrol subsidy removal, more reductions are anticipated. Dive into the latest development
Private firms in Nigeria can start importing fuel from June 2023 as the Nigerian National Petroleum Company Limited (NNPCL) shifts to cash payments instead of crude oil swap contracts.
Mele Kyari, the Group CEO of NNPCL, made this announcement during an interview with Reuters on June 3.
This transition aligns with President Bola Tinubu’s plan to deregulate the fuel market and ease the government’s financial burden.
Discover the call for transparency as NLC President demands disclosure of subsidy recipients and challenges fuel pump price determination by a private company.
The article highlights the invalidity of market forces due to the sector’s lack of competition.
Strike action looms as Comrade Joe Ajaero emphasizes unity and confirms the scheduled commencement.
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