Fuel price adjustments: How deregulation without competition undermines downstream sector:
The latest adjustment to the pump price of Premium Motor Spirit (PMS) better known as petrol, has raised more questions than answers, as well as concerns about government’s sincerity regarding the deregulation of the downstream sector, as well as the protection of the masses against price gouging. Read More.
Surviving in a deregulated economy: Odds before Nigerians:
With the latest increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol, Nigerians have, no doubt, begun to feel the pressure that comes with deregulation. On March 18, this year, the pump price of the product was reduced to N125 per litre from N145 per litre effective March 19. There was a further downward review of the price on May 31 when the Petroleum Products Pricing Regulatory Agency (PPPRA) announced a new pump price band of N121.50 to N123.50 per litre effective June 1. The reduction in price then. Read More
Africa: Mondia Launches Its ‘Pay-As-You-Go’ Digital Content Platform Monsooq in South Africa but Plans Roll-Out in Nigeria, Egypt, Tunisia and Kenya:
London — The making of the mobile industry was the moment that pre-paid calling was implemented. Users with no secure income but relatively small amounts of money could become customers when they had money. This week Mondia has launched a content platform that might become the “pre-pay” moment for digital content in Africa. Russell Southwood talked to Paolo Rizzardini, CCO, Mondia about its plans. Read More
Nigeria: NNPC Pleads Labour One-Week to Consult On Reversal of Fuel Price:
The Nigeria National Petroleum Corporation, NNPC, on Thursday night requested that the organized labour should give it one week to consult on the reversal of the increase in petrol.
This is as the National Administrative Council, NAC, of the Nigeria Labour Congress, NLC, will meet on Friday to have a holistic look at the ongoing negotiations with the government. Read More