7 trapped vessels worsen Nigeria’s fuel scarcity crisis

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Independent marketers expect the current fuel supply crisis in parts of the country to abate not later than next week. Their optimism is hinged on the ongoing efforts to free seven fuel-laden vessels trapped in Warri. The vessels are carrying a total of 150 million litres of Premium Motor Spirit (PMS) an official of the … Read more

9,000 marketers may lose licences as fuel scarcity bites harder

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As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National Petroleum Company Limited to extend its final deadline for licensing renewal to July. It also appealed to the Nigerian Midstream and Downstream … Read more

Tariff hike : IBEDC downgrades 27 areas in Oyo, Kwara, Ogun from Band A (+FULL LIST)

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The Ibadan Electricity Distribution Company (IBEDC) has downgraded 27 feeder areas from Band A. IBEDC said the feeders formerly under Band A, have now been downgraded to Band B, C, D, or E. The electricity distribution company released the list of the downgraded feeders and their daily power supply in a Saturday statement. Band A … Read more