Monthly Archives: October 2015

Devalue Naira, Remove Fuel Subsidy, Sanusi Tells Buhari

Restriction of forex to 41 sectors hurting the economy Advises incoming ministers against flattery of the president Obinna Chima The Emir of Kano and a former Central Bank of Nigeria (CBN) Governor, Mallam Muhammad Sanusi II, has stressed the need for the federal government to completely remove fuel subsidy. He also advised the CBN and the…
Read more

Fuel scarcity hits Kano

•Firm sells kerosene for N50 per litre Motorists and other users of the Premium Motor Spirit (PMS) in Kano are facing scarcity of the petroleum product. Also, a popular oil marketer in the commercial city, Azman Oil and Gas Company, has begun the sale of kerosene at the regulated price of N50 per litre. Our…
Read more

91 firms bid for NNPC crude oil freight contract

THE Nigerian National Petroleum Corporation (NNPC) yesterday announced that 91 companies have bided to secure contracts for the provision of Coastal and Bunkering Vessel Services for lifting and delivering of its crude oil. Group Managing Director of NNPC, Dr. Ibe Kachikwu, while declaring the bid exercise open, explained that the technical bids by the 91…
Read more