Solid Minerals Revenue Negligible, Reflects Underperformance of the Sector-Report

…As FG, states, LGs allocations hit N10.14tn The removal of subsidy on Premium Motor Spirit,(PMS) commonly called petrol, pushed up the statutory revenue allocations from the federation account that was shared by the three tiers of government in 2023 to N10.14tn. In a data released by the Nigeria Extractive Industries Transparency Initiative (NIETI) on Tuesday,…

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Marketers Raise Hope of Fuel Price Reduction

The Independent Petroleum Association of Nigeria (IPAM) has given Nigerians hope of a possible reduction of fuel pump price following full operations in Port Harcourt Refinery by next month Prior to this disclosure, the Managing Director, NNPCL, Mele Kyari announced that the Refinery will commence operations in a fortnight during an ad-hoc committee session focused…

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