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Tag: Subsidy

Tinubu seeks Reps approval of N500bn for subsidy palliatives
Politics Top Stories Trending

Tinubu seeks Reps approval of N500bn for subsidy palliatives

July 12, 2023July 12, 2023

President Bola Ahmed Tinubu has written to the House of Representatives, requesting the approval of N500 billion to cushion the effects of fuel subsidy removal.

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Subsidy removal: FG saves N400bn in four weeks
Business Politics Top Stories Trending

Subsidy removal: FG saves N400bn in four weeks

June 30, 2023June 30, 2023

The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since

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Subsidy removal: Will Dangote Refinery give Nigerians cheaper fuel?
Business Nature Top Stories Trending

Subsidy removal: Will Dangote Refinery give Nigerians cheaper fuel?

June 12, 2023June 12, 2023

The announcement on the removal of petrol subsidy by President Bola Tinubu was greeted with mixed reactions from various stakeholders. In the midst of this

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Over $56bn lost to oil theft, subsidy – Presidency panel
Business Nature Top Stories Trending

Over $56bn lost to oil theft, subsidy – Presidency panel

June 12, 2023June 12, 2023

Nigeria lost $46.16bn to crude oil theft between 2009 and 2020, while it lost $10.7bn annually to subsidy on Premium Motor Spirit, popularly called petrol,

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NNPC FRAUD OF THE CENTURY: BEHOLD FACE OF FAKE FUEL SUBSIDY UNMASKED
Business Features Politics Top Stories Trending

NNPC FRAUD OF THE CENTURY: BEHOLD FACE OF FAKE FUEL SUBSIDY UNMASKED

June 8, 2023June 8, 2023

By Chris Paul Otaigbekrisval126@gmail.com. 08185591375 If you thought Godwin Emefiele’s stealing of the Stamp Duty trillions was the mother of all corruption, the GRAND FATHER

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Probe $2.1bn, N3.1tn subsidy fraud, SERAP tells Tinubu
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Probe $2.1bn, N3.1tn subsidy fraud, SERAP tells Tinubu

June 5, 2023

Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to probe the $2.1bn and N3.1tn subsidy payments allegedly missing and unaccounted for between 2016

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Subsidy: Food prices, others soar as Labour mobilises for strike
Business Politics Top Stories Trending

Subsidy: Food prices, others soar as Labour mobilises for strike

June 4, 2023June 4, 2023

The prices of major foodstuffs and other essential goods have started rising in response to the hike in the pump price of Premium Motor Spirit, popularly

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Benin residents block major ways over Petrol Price Hike
Business Top Stories Trending

Benin residents block major ways over Petrol Price Hike

June 1, 2023June 1, 2023

Some residents of Edo state have blocked the Benin-Lagos highway and other areas in Benin metropolis following the increase in the pump price of Premium

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FG, Labour meeting deadlocked as fuel price hits over N700/litre
Business Politics Top Stories Trending

FG, Labour meeting deadlocked as fuel price hits over N700/litre

June 1, 2023June 1, 2023

Talks between the Federal Government and organised labour over the removal of fuel subsidy ended in a deadlock on Wednesday as they failed to reach

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Fuel price hits N680 per litre in Abia
Business Politics Top Stories Trending

Fuel price hits N680 per litre in Abia

May 30, 2023May 30, 2023

Pump price of Premium Motor Spirit, PMS, is now selling for between N600 and N680 per litre at different petrol stations where the product is

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