RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Commodities

 Fuel Transporters End Strike Following Federal Government Intervention

Akpan Edidong by Akpan Edidong
February 21, 2024
in Commodities, Economy
Reading Time: 1 min read
A A
0
Fuel scarcity bites harder in Lagos.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Nigerian Association of Road Transport Owners (NARTO) has called off its two-day nationwide strike after the intervention of the Federal Government. The strike, which began on Monday, saw petrol tanker drivers halting operations in protest against challenging economic conditions and increased diesel prices.

The suspension of operations by the tanker drivers, under the umbrella of NARTO, resulted in fuel queues in many states and the Federal Capital Territory (FCT) as petroleum products were not being transported across the country.

AlsoRead

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

However, following a meeting with government officials and stakeholders, including the Minister of State for Petroleum Resources, Heineken Lokpobiri, an agreement was reached to address the concerns of the fuel transporters.

Yusuf Othman, the President of NARTO, confirmed the resolution, stating that stakeholders in the downstream oil sector had agreed to increase the freight rate for petroleum transporters and gradually resolve their grievances.

The meeting, held in Abuja, also included representatives from the Nigerian Mid-stream and Downstream Petroleum Regulatory Authority, the Energy Marketers Association of Nigeria, and other key stakeholders.

“We have reached some agreements, and members of NARTO have agreed to resume operations to alleviate the challenges faced by Nigerians in accessing petroleum products,” Lokpobiri announced after the meeting.

With the strike called off, normal operations are expected to resume, easing the strain on fuel supply across the country.

Tags: NARTONigerian Association of Road Transport Ownerspetrol tanker driversstrikesuspension
Previous Post

Oil and Gas Marketers Challenge ‘Dollarisation’ Practices in Nigeria

Next Post

NCC Orders Telecom Firms to Block Access to Binance and Other Crypto Sites Over FX Rate Hike

Related News

Nigeria’s MTN and Airtel Record N403.2 Billion Data Revenue In Q3, 2023

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

by Victoria Attah
June 15, 2026
0

Mobile subscribers across Nigeria and other parts of Africa took a total of $3.18 billion worth of airtime on credit...

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

by Jide Omodele
June 10, 2026
0

The International Monetary Fund (IMF) has projected that Nigeria’s public external debt will rise sharply to $72.6 billion by 2027,...

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

by Jide Omodele
June 10, 2026
0

The Nigerian equities market extended its positive performance on Tuesday, closing higher by 0.53% amid renewed buying interest in major...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Nigeria’s Crude Oil Exports Climb to N11.2 Trillion in First Quarter of 2026

by Akpan Edidong
June 9, 2026
0

Nigeria recorded crude oil exports worth N11.20 trillion in the first quarter of 2026, reinforcing oil’s position as the country’s...

Next Post
Naira Remains Stable in Crypto Market Amid Binance’s $4.3B Settlement

NCC Orders Telecom Firms to Block Access to Binance and Other Crypto Sites Over FX Rate Hike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

 Banks Generate N224.69 Billion from E-Banking and ATM Charges in Q1 2026

June 15, 2026

Elon Musk’s Wealth Crosses $1 Trillion Mark, Overtaking Nigeria’s Entire Economy

June 15, 2026

Popular Story

  • Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

     Banks Generate N224.69 Billion from E-Banking and ATM Charges in Q1 2026

    0 shares
    Share 0 Tweet 0
  • Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

    0 shares
    Share 0 Tweet 0
  • Elon Musk’s Wealth Crosses $1 Trillion Mark, Overtaking Nigeria’s Entire Economy

    0 shares
    Share 0 Tweet 0
  • UK Inflation Eases Slightly in June 2023 Amid Falling Fuel Prices and Moderate Food Costs

    0 shares
    Share 0 Tweet 0
  • Naira Depreciates by N5.08 Week-on-Week as Dollar Liquidity Tightens

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>