BY GODWIN OBI As fuel consumption plummets nationwide due to soaring prices, oil marketers have expressed concerns over significant losses, with around 10,000 oil dealers about to shut down. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicate that fuel consumption dropped to 4.5 million litres per dayContinue Reading
BY GODWIN OBI The Nigeria Customs Service, Kebbi State Command, has intercepted 16,300 litres of Premium Motor Spirit (PMS), 180 pieces of donkey skins, used clothes, and 74 cartons of various medicaments, with a total Duty Paid Value of over ₦300 million. Displaying the seized items at the Command’s headquartersContinue Reading
The report comes amid the incessant national grid collapse in recent weeks. This is according to the latest Africa Trade Barometer report which said the cost excludes spending on off-grid generators. “Economic losses arising from Nigeria’s electricity shortages are estimated to be USD 26 billion annually, without accounting for spendingContinue Reading