The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the hike in the price of products due to abrupt removal of subsidy was threatening the survival of their businesses.
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The members voted against the motion on Wednesday after the Deputy Speaker, Benjamin Kalu who presided over plenary, questioned if it was in the place of the House to take such a position since pump price is controlled by the market forces.
The Colleges of Education Academic Staff Union (COEASU) has directed its members nationwide to go to work two days weekly until the Federal Government yields to its demand for a 200 percent increase in salary.
ASHENEWS reports that the Nigeria Union of Journalists (NUJ), has said that it is an over-kill for the Nigeria National Petroleum Company (NNPCL) to suddenly increase the pump price of Premium Motor Spirit (PMS), commonly known as petrol.
According to Rafsanjani, “The government is clearly insensitive to the plight of the growing number of Nigerians slipping into poverty daily as a result of its harsh policy directions. It has so far demonstrated a lack of interest in people-centred programs that could help reduce poverty, economic inequality and economic suffering.
The Nigerian National Petroleum Company L.td., has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities.
The price of Petrol at filling stations in Abuja has increased to N617 per liter, Daily Trust has reported.
Nigeria’s Senate has constituted an ad hoc committee to investigate the fuel subsidy regime of the Nigerian National Petroleum Company Limited (NNPCL).
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Olumide Adeosun, has commended the deregulation of the petroleum downstream sector and the unification of foreign exchange rates by the Federal Government.
A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum Company Ltd. (NNPC Ltd).