#fuelscarcity – BUSINESS ECHO MAGAZINE

Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Monday said the management of the apex bank would soon be meeting with the Nigerian National Petroleum Company Limited (NNPC) and the Ministry of Finance Budget and National Planning to work out ways of immediately resolving the fuel scarcity imbroglio, now impacting prices of goods and services. Emefiele, who stated this at the 141th Monetary Policy Committee (MPC) meeting in Abuja, also said that the members of the policy committee voted to retain all monetary policy parameters, including the Monetary Policy Rate (MPR) at 11.5 per cent; asymmetric corridor of +100/-700 basis points around the MPR; the CRR at 27.5 per cent; and Liquidity Ratio at 30 per cent. Become a partner with USA companies, promote their offers and get paid in US Dollars weekly, Nigerians are earning about $465 weekly. Click here to see how you too can get paid . According to Emefiele, the Russia-Ukraine crisis has dealt a devastating blow on the energy sector, leading to supply shortages across the globe. He said the MPC was particularly worried about the rising crude oil theft in Nigeria, which is worsening the energy crisis and preventing Nigeria from meeting it’s production quota. 100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details

CBN To Meet NNPC, Finance Ministry Over Fuel Scarcity

…Laments oil theft …Holds policy parameters unchanged The Central Bank of Nigeria (CBN)’s Governor, Mr. Godwin Emefiele, on Monday said the management of CBN would soon...

Oil & Gas1 year ago

Fuel Crisis: 5 NNPC Depots In SouthWest Out Of Stock

…As Ilorin, Ibadan, Others Affected Five Nigerian National Petroleum Company (NNPC) owned depots are currently out of Premium Motor Spirit (PMS) known as petrol, findings by...

Oil & Gas1 year ago

We’ll Handle Erring PMS Suppliers, House Committee On Petroleum Tells Nigerians

…As NNPC CEO Assures Fuel Queues Will Vanish in Few Days Olushola Okunlade Writes The Chairman, House of Representatives Committee on Petroleum (Downstream), Hon. Abdullahi Mahmud Gaya...

Oil & Gas1 year ago

NNPC, Marketers Begin 24-Hour Depot, Retail Outlet Operations To End Fuel Scarcity

Olushola Okunlade Writes To address the lingering fuel scarcity occasioned by the imported adulterated petrol, the Nigerian National Petroleum Company (NNPC) Limited has announced the commencement...

‘There’s Sufficient Petrol’, Don’t Panic To Buy, Says NNPC

Energy1 year ago

‘There’s Sufficient Petrol’, Don’t Panic To Buy, Says NNPC

Olushola Okunlade Writes The Nigerian National Petroleum Corporation (NNPC) has calmed Nigerians not to panic about buying petrol. The commission said it has sufficient stock of premium...

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All posts tagged "#fuelscarcity"

CBN To Meet NNPC, Finance Ministry Over Fuel Scarcity

Fuel Crisis: 5 NNPC Depots In SouthWest Out Of Stock

We’ll Handle Erring PMS Suppliers, House Committee On Petroleum Tells Nigerians

NNPC, Marketers Begin 24-Hour Depot, Retail Outlet Operations To End Fuel Scarcity

‘There’s Sufficient Petrol’, Don’t Panic To Buy, Says NNPC

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