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The Petroleum Products Pricing Regulatory Agency (PPPRA) is an agency of the government of Nigeria established in 2003 to, among other responsibilities, monitor and regulate the supply and distribution, and determine the prices of petroleum products in Nigeria. Its headquarters is located in Abuja, Nigeria.
1988 ASUU strike, strike by Academic Staff Union of Universities members in Nigeria against structural adjustment, the first strike in the union's history. [11] 1988 Nigerian fuel strikes, series of strikes in Nigeria protesting increases in fuel prices. [12] 1989 Anti-SAP riots
In the beginning, Petroleum matters were handled by the Hydrocarbon Section of the Ministry of Lagos Affairs, which reported directly to the Governor-general. The Unit delivered responsibilities such as: keeping records on exploration matters, and importation of petroleum products; enforcing safety and other regulations on matters which were then mostly products importation and distribution ...
The death toll from a fuel tanker explosion in northern Nigeria has risen to at least 153 people and injured 100, police told CNN Thursday. ... Gas prices have risen dramatically to more than six ...
It monitors the oil and gas industry to ensure compliance with relevant regulations and laws. [1] It also oversees the safety and other regulations that relate to the exportation and importation of the products into the country. [2] As part of its activities, the department manages the upstream and downstream sectors in Nigeria petroleum ...
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
The president of Nigeria as of 2023, Bola Tinubu, has taken steps to privatize the oil and gas industry in Nigeria. Decades of government ownership and control of the industry left the people at large impoverished and unable to experience any of the economic gain related to oil and gas exploration and extraction, Tinubu hopes that privatization ...
They also demanded the reversal of the government's electricity tariff hike, which had caused a rising price of electricity. [4] On Monday 3 June, union workers in the electricity and airline industries stopped work, resulting in the complete shut down of the national grid and air travel throughout the country.