Petrol Subsidy

NNPC Denies Allegations of Inflating Petrol Subsidy Claims by N3.3 Trillion

NNPC has denied inflating petrol subsidy claims by N3.3 trillion, asserting it will resist being drawn into fuel subsidy politics.

5 months ago

Alaje: Nigeria Still Paying Fuel Subsidy, Contrary To President Tinubu’s Inauguration Statement

Paul Alaje says ending the Niger Delta oil theft will boost Nigeria’s foreign reserve and lead to revenue increment.

6 months ago

Nigeria Still Paying Petrol Subsidy, But Amount Not As Huge As It Used To Be, Says APC Chieftain Ofobruku

“Some of the policy somersaults of the past have also led to what has put us where we are today."

8 months ago

I Will End Petrol Subsidy, Tinubu Promises

Referring to Peter Obi, Tinubu's running mate Kashim Shettima said leadership goes beyond spewing dubious statistics or showcasing a mediocre…

2 years ago

Nigerian Senators Disagree with President Buhari, Insist on December 2023 as Deadline for Petrol Subsidy Removal

They said stopping the policy in June will create crisis for the incoming government.

2 years ago

Nigeria Spends 94.7% of August Oil and Gas Revenue on Petrol Subsidy

In August, Nigeria produced its least amount of crude oil in decades, at about 972, 000 barrels per day.

2 years ago

Peter Obi Pledges to Ensure Total Privatisation of Power Transmission, Says Petrol Subsidy Is Organised Crime

He vowed to encourage more private refineries locally and supply them crude oil in naira for Nigeria’s domestic consumption.

2 years ago

IMF Reiterates Need for Nigeria to End Petrol Subsidy

Nigeria is facing a severe revenue crisis as it continues to underperform in terms of crude oil production.

2 years ago

NNPCL’s Total Outstanding Petrol Subsidy Debt Hits N1.04tn

The amount spent on petrol subsidy in July exceeded the total oil sold for the month by roughly N48 billion.

2 years ago

Nigeria Risks Chaos If Petrol Subsidy Is Removed: FG

Nigeria's federal government, on Monday, maintained that removing petrol subsidy would result in unintended consequences, insisting that this is a…

2 years ago

Again, NNPC Fails to Remit Monies to Federation Account in May as Petrol Subsidy Hits N1.27trn

The inability of the Nigerian National Petroleum Company Limited (NNPC) to carry out its statutory obligations to the federation continued…

2 years ago

FG To Use Eurobond To Fund Petrol Subsidy, Nigerians React- Trending With Ojy Okpe

As the month of March highlights gender inequality and the celebration of women’s achievements google’s doodle today, celebrates the life…

3 years ago

Nigeria to Use Eurobond, Borrow More to Fund Petrol Subsidy

The federal government says it will use $2.2 billion of the fund raised via eurobond to cater for petrol under-recovery…

3 years ago

Nigeria to Mantain Petrol Subsidy for Now as Labour Prepares for January 27 Protest

Nigeria's National Economic Council (NEC) on Thursday allayed fears of Nigerians about the possible removal of fuel subsidy early in…

3 years ago

Nigeria to Pay More for Petrol Subsidy as Oil Hits $85

Oil prices continued their surge on Wednesday, hitting a two-month high amid projections that lack of production capacity and limited…

3 years ago

New Petroleum Act: Nigeria Says No Immediate Removal of Petrol Subsidy

Nigeria’s federal government has said it will not immediately end its current subsidy of petrol, saying it intends to manage…

3 years ago