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Tag: fuel price

NLC To Shut Down Economy From February 1 Over Petrol Price Hike

Nigeria Labour Congress (NLC)
he Nigeria Labour Congress (NLC), Wednesday, directed all its states organs to intensify mobilisation for next Thursday’s nationwide protest against the Nigerian Federal Government over its proposed increase in theRead More

Rising Oil Price Puts More Pressure On NNPC’s Finances

Crude oil
Labour canvasses alternative petrol pricing method Seeks three-year gas price moratorium Crude oil extended its gains at the weekend after closing at a six-week high with signs of strengthening demandRead More

NNPC Seeks $1bn In Oil Prepaid Deal To Revamp Refinery

NNPC
Repayment due in seven years The Nigerian National Petroleum Corporation (NNPC) has begun talks with trading firms to raise about $1 billion in a prepayment deal to refurbish its largestRead More

Deregulation Of Petrol Price Irreversible, Says FG

Minister of Labour and Employment, Senator Chris Ngige
Inaugurates committee on pricing The Federal Government yesterday foreclosed a reversal of the deregulation policy that introduced a market reflective pricing regime for determining the pump price of petrol. AgainstRead More

FG Bows To Labour, Reduces Petrol Price By N5

Chris Ngige: the Federal Government vs the Nigeria Labour Congress
Pump price now N162.44 The Federal Government has caved in to demand by the organised labour by slashing the pump price of premium motor spirit by N5. By this reduction,Read More

FG, Labour Talks: NNPC Given One Week To Review Fuel Price

Petrol pump
Federal Government and organised labour have resolved to give the Nigerian National Petroleum Corporation (NNPC) one week within which to consider a reversal of the pump price of petrol, aRead More

Fuel Price Hike: Strike, Our Last Option – Labour

Nigeria Labour Congress
The organised labour on Monday said it would not declare a strike and street protests over the recent fuel price hike because it is not a “one-man show”. The labourRead More

Fuel Price Hike: Labour Walks Out Of Talks With FG

Petrol pump
Leaders of the organised labour walked out on the Minister of Labour and Employment, Chris Ngige and other Federal Government’s representatives during a meeting held at the Presidential Villa, Abuja,Read More

Labour Suspends Planned Strike Over Fuel Price, Electricity Tariff

NLC President, Ayuba Wabba
FG agrees to put electricity tariff hike on hold To fix refineries by December 2021 The Federal Government and organized labour have reached a deal on the contentious issues inRead More

NNPC Nets N2.36tn From Petrol Sales In 13 Months

NNPC
Pipeline vandalism drops by 43% The Nigerian National Petroleum Corporation (NNPC) sold petrol worth N2.366 trillion to Nigerians between May 2019 and May 2020, the national oil company said inRead More