Lai Mohammed, minister of information and culture, says it is the wrong time to remove the costly petrol subsidy. Subsidy or under-recovery is the underpriced sales of premium motor spirit
Tag "petrol subsidy"
For the fifth time in 2022, the Nigerian National Petroleum Company (NNPC) Limited failed to remit revenue to the federation account as subsidy claims eroded gains. NNPC said this in
President Muhammadu Buhari has called on western allies to designate the Indigenous People of Biafra (IPOB) as a terrorist group “over involvement” in pipeline and infrastructure vandalism. The president said
The International Monetary Fund (IMF) says Nigeria may spend almost 100 percent of its revenue on debt servicing by 2026. Ari Aisen, IMF’s resident representative for Nigeria, said this on
Expectations are high. Rightly so. 2023 has been roundly described as a make-or-mar year for Nigeria. Citizens seek change. Things
Oil prices rose on Tuesday amid an ongoing push by the European Union for the Russian oil imports ban. Brent
World Bank has advised Nigeria to rethink its steps in the provision of N4 trillion for petrol subsidy payments in
On Thursday, the national assembly approved the request of President Muhammadu Buhari to earmark N4 trillion for petrol subsidy in
Both chambers of the national assembly have approved the request of President Muhammadu Buhari to earmark N4 trillion for petrol
The Kenyan government says it will pay subsidy arrears to petrol retailers this week to avert fuel shortages. Andrew Kamau,
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