Christine Lagarde, the Managing Director, International Monetary Fund, IMF, has called on the Federal Government of Nigeria to stop paying subsidy on petrol. Lagarde, who said...
Senate President Bukola Saraki has tasked President Muhammadu Buhari on the need to correct the handling of subsidy on petrol as currently handled by the Nigerian...
The governors of the 36 states of the federation are canvassing a novel initiative that will see each state taking responsibility for subsidising petroleum products consumed...
The Nigeria National Petroleum Corporation (NNPC), on Tuesday, rescinded Vice President Yemi Osinbanjo’s statement over the payment of fuel subsidy, saying the federal govoernment is responsible...
Lagos State based lawyer and human rights activist, Femi Falana (SAN), has demanded that the Federal Government explain how fuel subsidy payment that used to be...
THE N744 million under recovery or fuel subsidy currently incurred by Nigerian National Petroleum Corporation, NNPC, is set to drop as the landing cost has already...
The Peoples Democratic Party (PDP) has dismissed the claim by the Nigeria National Petroleum Corporation (NNPC) that it spends N24 billion monthly and N774 million per...
Oil marketers say it is no longer sustainable to sell petrol at the rate of N145 per litre, citing hurricane in the US and the stoppage...
The Nigerian National Petroleum Corporation (NNPC) has disclosed that President Muhammadu Buhari directed it to subsidise the pump price of petrol for Nigerians, a revelation that...
The Peoples Democratic Party (PDP) has accused the Federal Government of providing cover for huge sleaze directly involving All Progressives Congress (APC) interests and urged its...
Ekiti State Governor Ayodele Fayose has challenged Vice President Yemi Osinbajo to admit that the Federal Government was responsible for fuel subsidy payments following his comment...
Vice President Yemi Osinbajo on Monday accepted that there is payment of subsidy on imported petrol. He however explained that it is paid for by the...
There are indications that the Federal Government has started incurring N586 million daily as fuel subsidy, following the rise in crude oil price from $49 to...
Six months after the Senate mandated its joint committees on Petroleum Resources (Downstream), Petroleum Resources (Upstream) and Gas to probe an alleged N10 trillion-subsidy fraud by...
The managing director, Ontario Oil and Gas Limited, Mrs. Ada Ugo-Nnadi was on Thursday sentenced to 10 years in jail for her role in the fuel...
I have received the news with cautious excitement. The Minister of State for Petroleum in a terse Press Statement made this announcement and two things jumped...
Contrary to media reports speculating that the federal government may have returned subsidy on petroleum products, the Petroleum Products Pricing Regulatory Agency (PPPRA) says this is...
Boniface Emenalo, the Clerk to the then House of Representatives Ad hoc Committee on Fuel Subsidy, has admitted collecting $100,000 from business man Femi Otedola. Emenalo,...
By By Jideofor Adibe . . . The recent announcement by the Federal Government that effective from January 1, 2016, Premium Motor Spirit (PMS), otherwise known...
A former governor of Lagos State and National Leader of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, Friday called for the immediate removal of...
President Muhammadu Buhari, yesterday explained that his administration is yet to take a stand on fuel subsidy removal to avoid triggering hike in prices of essential...
Five months after the executive submitted its spending proposals to it, the Senate on Tuesday passed a national budget of N4.493tn for the 2015 fiscal year,...
With the gradual appreciation of prices of crude oil in the international market, the subsidy on petrol that the Federal Government will pay has been rising...
