Business
Fuel Scarcity Hits PH As Long Queues Resurface
Long queues has sur
faced in most filling stations in the state capital as fuel scarcity hits most filling stations even as motorists and consumers groaned under high hike at some stations selling the product.
Investigation by The Tide revealed that most filling stations in the state capital have closed shop as only NNPC mega filling stations at station road had petrol and was selling to motorists at the normal price per litre ,
Speaking to our correspondent at the NNPC mega station, a motorist, Chukwuma Nelson said he had been in the queue for more than one hour, stressing that he was surprised at the sudden appearance of long queue in most filling stations in the state.
Our correspondent, who went round most filling stations, noticed that NNPC mega stations along Sime Tai, and Akpajo- Eleme Road were closed without any attendants in sight.
The Tide made efforts to speak with the stations managers was rebuked by the security guards at the filling stations.
When our correspondent visited Ifynow filling station, Akpajo and Azuba filling station at Eleme Junction, the attendants told The Tide that a litre is now 120 as against N97.
Also at Total filling station by 1st Artillary as of the time The Tide it was closed without any explanation from any staff The Tide sought to speak with.
A motorist who spoke to The Tide who pleaded anonymity alleged that the dealers were hoarding the product to cause scarcity in order to exploit the consumers and make profits at the expenses of the ordinary Nigerians.
He appealed to major stakeholders in oil business to intervene to ensure availability of the product in the state.
Meanwhile, officials of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and National Union of Petroleum and Natural Gas workers (NUPENG) respectively have denied being on any industrial action to necessitate fuel scarcity in some parts of the country.
Speaking to The Tide, Comrade Chika Onuegbu said the two unions are not on any strike but promised the unions’ intervention in the fuel scarcity saga.
Philip Okparaji
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.