Tag: Diesel price

MAN threatens shutdown nationwide activities over rising cost of diesel

Aminu Imam

Manufacturers, under the aegis of the Manufacturers Association of Nigeria, (MAN), has threatened that it will shut down manufacturing activities in the country, if nothing is done to address the soaring cost of energy bedevilling the sector. The MAN Director-General, Segun Ajayi-Kadiri, in an issued press statement made available to newsmen yesterday, said the manufacturing sector over the years has been battered by numerous challenges which have reduced the number of industries in Nigeria and converted industrial hubs in many parts of the country to warehouses of imported goods and…

Read More

MAN demands VAT exclusion on diesel to address price increase

Aminu Imam

The Manufacturers Association of Nigeria, (MAN), has demanded the removal of Value-Added Tax (VAT) on diesel to address the current price hike. MAN, in a reaction to the current increase in the price of Automotive Gas Oil, (AGO), otherwise known as diesel, recalled that over the years, the sector has been battered by numerous familiar challenges that have plummeted a number of industries in Nigeria and converted industrial hubs in many parts of the country to warehouses of imported goods and event centres. The association identified key challenges confronting the…

Read More

Oil Crisis: Fresh economic crisis looms as diesel costs, fuel subsidies rise

Aminu Imam

…As petrol scarcity bites harder in Abuja There are growing concerns that the price of Automated Gas Oil (AGO), or diesel, may soon hit an all-time high amid lingering fuel shortages in States across the country. With no end in sight to the continued rise in the cost of importing the product, and subsidising Premium Motor Spirit (PMS), a.k.a petrol, Nigerians are bound to face a resultant foreign exchange-related hardship that may outstrip the gains of subsidy. A clear indication of an imminent danger emerged last Tuesday, when oil marketers…

Read More

High Diesel Cost: “More Private Radio, TV Stations going off-air” – Ramalan sends SOS to PMB

Aminu Imam

Aminu Imam The Vice-Chairman of the Independent Broadcasting Association of Nigeria, (IBAN), Alhaji (Dr.) Ahmed Tijjani Ramalan, says more private radio and TV stations are going off the airwaves due to the high cost of Automotive Gas Oil, (AGO), otherwise known as diesel. Dr. Ramalan said the private broadcast stations are facing huge challenges in sourcing the current high cost of diesel to power their transmitters and studio equipments as well as the US dollars for the importation of equipments and payment of Satellite Transmission fees to Service Providers. Recall…

Read More

High Diesel Cost: “More Private Radio, TV Stations going off air” – Ramalan sends SOS to PMB

Aminu Imam

The Vice-Chairman of the Independent Broadcasting Association of Nigeria, (IBAN), Alhaji (Dr.) Ahmed Tijjani Ramalan, says more private radio and TV stations are going off the airwaves due to the high cost of Automotive Gas Oil (AGO), otherwise known as diesel. Dr. Ramalan said the private broadcast stations are facing huge challenges in sourcing the current high cost of diesel to power their transmitters and studio equipments as well as the US dollars for the importation of equipments and payment of Satellite Transmission fees to Service Providers. Recall that on…

Read More

‘Diesel price may hit N1,500/litre, 75% of filling stations closed’ – Marketers

Aminu Imam

Nigerian oil marketers have lamented that about 75 percent of filling stations across the country are currently out of business due to their inability to purchase the diesel required to power their tankers and transport Premium Motor Spirit, popularly called petrol, to their various outlets. Marketers, who stated this to newsmen yesterday, also stated that the cost of diesel would keep increasing and might hit N1,500/litre in the next two weeks if nothing drastic was done to curtail the current challenge faced by importers of the deregulated commodity. Dealers under…

Read More

Bakeries shutting down operations

Aminu Imam

…Lament hike in diesel price, forex scarcity Bakers, under the aegis of the Premium Breadmakers Association of Nigeria, (PBAN) say the hike in diesel price and exchange rate volatility has caused many of its members across the country to shut down their business operations. In an interview with newsmen yesterday, the PBAN president, Emmanuel Onuorah, expressed concern that the challenges were affecting key sectors of the economy. According to him, “Things are not getting better. We are still where we are. Diesel price is still hovering between N650 and N700″.…

Read More

Energy crisis: ‘Supply diesel to us on priority basis’ – Telcos union urges FG

Aminu Imam

Telecommunication companies,(Telcos), under the aegis of the Association of Licensed Telecommunications Operators of Nigeria, (ALTON), have asked the Federal Government to prioritise the supply of diesel. Checks showed that the price of automotive gas oil, also known as diesel, has surpassed 700 per litre in some filling stations in Lagos. In a phone interview with newsmen yesterday, ALTON chairman, Gbenga Adebayo, said the telecoms sector had been severely affected by the current hike in diesel prices and fuel scarcity. The challenges, he said, have caused incidences of diesel theft at…

Read More

Northern Broadcast Stations may shut down as diesel price hits N730

Aminu Imam

…Sends SOS to FG Aminu Imam Some Northern broadcast stations are seeking urgent intervention from the Federal Government to support them to continue being on-air, as diesel price hits N720-730 per litre. The Executive Chairman, Atar Communications Nig. Ltd, owners of Liberty TV and Liberty Radio 103.3 FM Abuja and Chairman, Board of Trustee Northern Broadcast Media Owners Association, (NBMOA), Alhaji (Dr.) Ahmed Tijjani Ramalan, made the appeal in Abuja on Sunday, as the prices of petroleum products skyrockets, with electricity also not available. “It is a difficult thing ensuring…

Read More

Northern Broadcast Stations may shut down, send SOS to PMB as diesel price hits N730

Aminu Imam

Some Northern Broadcast Stations are seeking urgent intervention from the Federal Government to support them to continue being on-air, as diesel price hits N720-730 per litre. The Executive Chairman of Liberty TV and Liberty Radio 103.3 FM Abuja and Chairman Board of Trustee Northern Broadcast Media Owners Association, (NBMOA), Alhaji (Dr.) Ahmed Tijjani Ramalan, made the appeal in Abuja on Sunday, as the prices of petroleum products skyrocket, with electricity also not available. “It is a difficult thing ensuring to continue broadcasting at this time, as diesel has gone up…

Read More