Sunday, August 14, 2022
MARKET UPDATE
Advertisement

TheCable

Tag "Subsidy"

NECA: FG should reduce wastage in governance, widen tax net to revive economy

    NECA: FG should reduce wastage in governance, widen tax net to revive economy

The Nigeria Employers’ Consultative Association (NECA) says there is a need for the federal government to adopt a holistic approach to revive the economy.  Wale Oyerinde, director-general, NECA said this

0 comment Read Full Article

Sylva: Petrol scarcity is caused by marketers… NNPC has good supply

    Sylva: Petrol scarcity is caused by marketers… NNPC has good supply

Timipre Sylva, minister of state for petroleum resources, says the current petrol scarcity is not a supply problem but caused by the marketers. Sylva said this on Wednesday while speaking

0 comment Read Full Article

Understanding the IMF, America’s global economic enforcer (1)

    Understanding the IMF, America’s global economic enforcer (1)

Next year, as ordered by the International Monetary Fund (IMF), Nigerians will be paying N340 (which could rise up to N400 or more) a litre for premium motor spirit (PMS),

0 comment Read Full Article

NNPC: We spent N541bn on petrol subsidy in six months

  NNPC: We spent N541bn on petrol subsidy in six months

The Nigerian National Petroleum Corporation (NNPC) says it spent N541.65 billion on petrol subsidy between February and July 2021. This

0 comment Read Full Article

Subsidy payment: NNPC to deduct N170bn from remittance to FAAC in August

  Subsidy payment: NNPC to deduct N170bn from remittance to FAAC in August

The Nigerian National Petroleum Corporation (NNPC) says it will deduct N170.4 billion from July remittance to the federation account and

0 comment Read Full Article

DPR backtracks, says comment on N1,000 per litre of petrol was ‘taken out of context’

  DPR backtracks, says comment on N1,000 per litre of petrol was ‘taken out of context’

The Department of Petroleum Resources (DPR), on Tuesday, clarified its comment projecting a hike in the pump price of premium

0 comment Read Full Article

Sylva: Petrol subsidy only benefits some businessmen — FG will halt it soon

  Sylva: Petrol subsidy only benefits some businessmen — FG will halt it soon

Timipre Sylva, minister of state for petroleum resources, says the federal government will soon halt the current subsidy regime for

0 comment Read Full Article

We are NOT broke, says NNPC

  We are NOT broke, says NNPC

The Nigerian National Petroleum Corporation (NNPC) says the zero revenue projection for May pertains only to the federation revenue stream

0 comment Read Full Article

Governors to hold talks on fuel subsidy Wednesday

  Governors to hold talks on fuel subsidy Wednesday

The 36 state governors are scheduled to hold a meeting on Wednesday to discuss matters relating to fuel subsidy and

0 comment Read Full Article