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Tag "Fuel subsidy"

El-Rufai: Cameroon shut down refinery because of cheap fuel from Nigeria

    El-Rufai: Cameroon shut down refinery because of cheap fuel from Nigeria

Nasir el-Rufai, governor of Kaduna, says Cameroon has closed down its refinery due to the cheap fuel they are getting from Nigeria. Speaking at the launch of the World Bank

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Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

    Kill subsidy, cut CBN loans, raise ‘sin’ taxes… 7 things World Bank wants Buhari to do in 2022

The World Bank on Tuesday released its November 2021 Nigeria Development Update, which showed — among other things — that eight million Nigerians fell into poverty in less than two

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Zainab Ahmed: FG will replace fuel subsidy with N5,000 transport grant for 40m Nigerians

    Zainab Ahmed: FG will replace fuel subsidy with N5,000 transport grant for 40m Nigerians

Zainab Ahmed, minister of finance, budget and national planning, says Nigeria will remove fuel subsidies by 2022 and replace them with N5000-a-month transportation grant to the poorest Nigerians. Speaking at

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Zainab Ahmed: FG will pay Nigerians transport allowance after fuel subsidy removal

    Zainab Ahmed: FG will pay Nigerians transport allowance after fuel subsidy removal

Zainab Ahmed, minister of finance, says the federal government will pay Nigerians transport allowance after removing fuel subsidy. Speaking during an interview on Channels Television on Thursday, Ahmed said fuel

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PPMC: Petrol subsidy will escalate to N3tn annually under current market conditions

  PPMC: Petrol subsidy will escalate to N3tn annually under current market conditions

The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), says the annual subsidy on

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The fuel subsidy dilemma

  The fuel subsidy dilemma

Would you rather buy petrol at the market price — currently about N264/litre — but get quality healthcare and education

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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

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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

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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

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