The Nigerian National Petroleum Corporation says it will deduct N114.3bn from its June remittance to the Federation Account and Allocation Committee due in July. In April,...
The Federal Government may finally do away with fuel subsidy and allow the market forces to strictly determine the actual pump price of petrol if it...
The Federal Government will continue to pay fuel subsidy as the Nigerian National Petroleum Corporation has said it will not increase the ex-depot price of petrol...
The Federal Government and the World Bank have discussed further reforms to eliminate fuel and electricity subsidies in the country. The Nigerian government had in March...
The latest increase in crude oil price at the global market has compelled the Federal Government to bring back fuel subsidy currently amounting to N1.1bn daily....
