Tuesday, January 25, 2022
MARKET UPDATE

TheCable

Advertisement

Tag "Fuel subsidy"

Sanusi: Fuel subsidy is a scam — some people in power making billions of dollars from it

    Sanusi: Fuel subsidy is a scam — some people in power making billions of dollars from it

Muhammadu Sanusi II, former Emir of Kano, says payment of fuel subsidy by the federal government is a “scam”, saying some people in power are making billions out of it.

1 comment Read Full Article

DPR: Petrol price may increase to N1,000 per litre if subsidy is removed

    DPR: Petrol price may increase to N1,000 per litre if subsidy is removed

The Department of Petroleum Resources (DPR) says the pump price of petrol in Nigeria may rise to N1,000 per litre when the petrol subsidy regime ends without an alternative energy

0 comment Read Full Article

Rewane: Naira devaluation will push petrol subsidy to N7bn daily — from N5bn in June

    Rewane: Naira devaluation will push petrol subsidy to N7bn daily — from N5bn in June

Bismarck Rewane, managing director, Financial Derivatives Company (FDC) Limited, says the devaluation of the naira will push fuel subsidy to N7.1 billion per day. In May, TheCable had reported that the

0 comment Read Full Article

Zainab Ahmed: Petrol subsidy costs N150bn monthly — we need to get rid of it completely

    Zainab Ahmed: Petrol subsidy costs N150bn monthly — we need to get rid of it completely

Zainab Ahmed, minister of finance, budget and national planning, says the federal government should completely end fuel subsidy. In 2019, the federal government set aside N305 billion for fuel subsidy

0 comment Read Full Article

No increase in price of petrol until talks with labour concluded, says NNPC

  No increase in price of petrol until talks with labour concluded, says NNPC

The Nigerian National Petroleum Corporation (NNPC) says it will maintain the current ex-depot price of premium motor spirit (PMS), better

0 comment Read Full Article

Newspaper Headlines: Outrage over impending petrol price hike, and FG kicks over sale of vaccine

  Newspaper Headlines: Outrage over impending petrol price hike, and FG kicks over sale of vaccine

The report that the price of petrol may go up to N234 per litre soon as the federal government says

0 comment Read Full Article

‘We can’t continue subsidy’ — NNPC GMD says petrol may sell for N234 per litre

  ‘We can’t continue subsidy’ — NNPC GMD says petrol may sell for N234 per litre

Mele Kyari, general managing director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the company cannot continue to bear

5 comments Read Full Article

FG to Nigerians: Be ready to bear pains of higher petrol prices

  FG to Nigerians: Be ready to bear pains of higher petrol prices

The federal government has forewarned Nigerians to get ready to bear the pains of increased petrol pump price as crude

0 comment Read Full Article

Sylva: FG has not completely removed petrol subsidy

  Sylva: FG has not completely removed petrol subsidy

Timipre Sylva, the minister of state for petroleum resources, says the federal government has not totally removed subsidy on petrol.

0 comment Read Full Article

Lai: Increase in fuel price, electricity tariff will benefit ordinary Nigerians in the long run

  Lai: Increase in fuel price, electricity tariff will benefit ordinary Nigerians in the long run

Lai Mohammed, minister of information and culture, says the increase in the price of fuel and electricity tariff will benefit

0 comment Read Full Article