Fuel subsidy

Fuel subsidy: Oando, AA Rano, others deny receiving payments

Oando Plc, AA Rano, Sahara Energy Resources, Hyde have all denied involvement in fuel subsidy payments before the House of…

2 years ago

NNPC faces probe over alleged $10bn fuel subsidy fraud

The House of Representatives has accused the Nigerian National Petroleum Company (NNPC) and other critical stakeholders of using the subsidy…

2 years ago

Reps to investigate NNPC fuel subsidy claim from 2017-2021

The House of Representatives has constituted an ad hoc committee to investigate the Petroleum Products Subsidy regime between 2017 and…

2 years ago

Buhari: Why we didn’t remove fuel subsidy

President Muhamamdu Buhari has said the Federal Government’s decision to keep paying fuel subsidy was to avoid its negative effects…

3 years ago

IMF: Nigeria’s fuel subsidy may hit N6trn in 2022

The International Monetary Fund (IMF) has warned that Nigeria’s total expenditure on fuel subsidy could hit a record N6 trillion…

3 years ago

NASS approves N4trn for fuel subsidy

The House of Representatives on Thursday approved N4 trillion for fuel subsidy in the revised 2022 Medium-Term Expenditure Framework (MTEF)…

3 years ago

FG targets $2.2bn Eurobond cash, local funds for fuel subsidy

In a bid to fund subsidy on petrol in the face of rising oil prices, the Federal Government of Nigeria…

3 years ago

FG pushes for fuel subsidy removal after Buhari’s exit

*Sylva mulls 18-month extension Following engagements with stakeholders, President Muhammadu Buhari has approved an extension for the implementation of fuel…

3 years ago

Sylva: Why FG suspended planned removal of fuel subsidy

The Minister of State for Petroleum Resources, Chief Timipre Sylva, has explained why the Federal Government suspended the planned removal…

3 years ago

FG suspends removal of fuel subsidy

In the face of mounting opposition, the Federal Government has shelved the removal of subsidy on petrol. The Muhammadu Buhari-led…

3 years ago

This website uses cookies.