fuel subsidy

Petrol subsidy gulped N541bn in six months – NNPCPetrol subsidy gulped N541bn in six months – NNPC

Petrol subsidy gulped N541bn in six months – NNPC

A total of N541.65 billion was expended on petrol subsidy between February and July 2021, the Nigerian National Petroleum Corporation…

4 years ago
PIB: Fuel subsidy stays for now, says petroleum ministerPIB: Fuel subsidy stays for now, says petroleum minister

PIB: Fuel subsidy stays for now, says petroleum minister

Sylva to speak on subsidy, NNPC unbundling today Minister of State for Petroleum Resources Timipre Sylva has said fuel subsidy…

4 years ago
FG plans to spend ₦900bn on fuel subsidy in 2022FG plans to spend ₦900bn on fuel subsidy in 2022

FG plans to spend ₦900bn on fuel subsidy in 2022

The Federal Government has projected to spend N900bn on fuel subsidy to be paid to oil marketers in 2022 in…

4 years ago
Subsidy: NNPC to deduct N114bn from June remittance to FAACSubsidy: NNPC to deduct N114bn from June remittance to FAAC

Subsidy: NNPC to deduct N114bn from June remittance to FAAC

The Nigerian National Petroleum Corporation says it will deduct N114.3bn from its June remittance to the Federation Account and Allocation…

4 years ago
Remove petrol subsidy now, presidential economic council advises BuhariRemove petrol subsidy now, presidential economic council advises Buhari

Remove petrol subsidy now, presidential economic council advises Buhari

The Federal Government may finally do away with fuel subsidy and allow the market forces to strictly determine the actual…

4 years ago
NNPC says no petrol price increase in May, subsidy continuesNNPC says no petrol price increase in May, subsidy continues

NNPC says no petrol price increase in May, subsidy continues

The Federal Government will continue to pay fuel subsidy as the Nigerian National Petroleum Corporation has said it will not…

4 years ago
World Bank, FG move to end fuel subsidyWorld Bank, FG move to end fuel subsidy

World Bank, FG move to end fuel subsidy

The Federal Government and the World Bank have discussed further reforms to eliminate fuel and electricity subsidies in the country.…

4 years ago
FG spends N1.1bn daily on fuel subsidy – ReportFG spends N1.1bn daily on fuel subsidy – Report

FG spends N1.1bn daily on fuel subsidy – Report

The latest increase in crude oil price at the global market has compelled the Federal Government to bring back fuel…

4 years ago