Fuel Subsidy Removal – Page 2 of 4 – Prime Business Africa

Fuel Subsidy: Abuja Rail Transit System Set For N5 Billion Upgrade

Nigeria’s Abuja Rail Mass Transit (ARMT) System is set for a significant upgrade following the Federal government’s announcement of a N5 billion contract to revitalize the city’s crucial metro transportation infrastructure. The Permanent Secretary of the Federal Capital Territory Administration (FCTA), Mr.

August 5, 2023

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business

New Report Shows Employment Up, New Businesses Emerge After Fuel Subsidy Removal

Employment in Nigeria increased in June according to a new report by Stanbic IBTC Purchasing Managers’ Index (PMI), which stated that the removal of fuel subsidy did negatively impact businesses, but didn’t stop their expansion. The PMI grades Nigeria’s private sector or

July 5, 2023

Business·News

Fuel Subsidy: NEITI Probes Fuel Consumption Figures

The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that it is conducting a study to determine the accurate consumption figure of fuel in the country because it does not believe in the figures being peddled by government agencies. The organisation, through

June 22, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Labour·News

FG, Labour Resume Talks Over Fuel Subsidy Removal

Meeting on the recent removal of fuel subsidy between the federal government and organised labour is underway at the Presidential Villa, Abuja, to discuss various interventions

June 19, 2023

Business

Subsidy Removal: Channel Funds For Palliatives To Productive Ventures – Utomi Urges FG

Professor of Political Economy, Prof. Pat Utomi, has urged the Nigerian government to channel the funds it plans to disburse as palliatives for the discontinuation of the petrol subsidy on schemes that stimulates production. Following the removal of subsidies on petrol, President

June 19, 2023

NNPC, Oil Marketers Disagree Over Fuel Subsidy Regime Contract

Finance & Economy

Subsidy Removal: States To Share More Revenues – Expert

Economic experts have expressed optimism that the removal of subsidy on Premium Motor Spirit (PMS) also known as petrol by President Bola Tinubu will lead to increase in share of revenue by states.

June 16, 2023

Tinubu Seeks Governors’ Support, Lists Priority Areas

Politics

Democracy Day: President Tinubu Promises Subsidy Relief, Honors MKO Abiola

President Bola Tinubu delivered a heartfelt address on Democracy Day, paying tribute to Chief MKO Abiola, the winner of the historic June 12, 1993 presidential election, whom he hailed as the embodiment of democracy. The President acknowledged the recent challenges faced by

June 12, 2023

Business·Oil & Gas

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

The Nigerian Governors’ Forum (NGF) has thrown its weight behind the removal of fuel subsidy by President Bola Tinubu. According to the Chairman of the governors’ forum, AbdulRahman AbdulRazaq, Governor of Kwara State, the group will work with Tinubu to cushion the

June 8, 2023

Business·Oil & Gas

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

Nigeria’s Ambassador to Burundi, Mr Elijah Onyeagba, has urged the Federal Government to adhere to the provisions of the Petroleum Industry Act (PIA) on deregulation to allow private sector players to come in. He said that private investors’ participation in the oil

June 6, 2023

Labour·News

NLC, TUC Suspend Proposed Nationwide Strike Over Petrol Subsidy Removal

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have resolved to suspend the nationwide strike earlier scheduled to begin on Wednesday, June 7, over the removal of subsidy on Premium Motor Spirit (Petrol). The resolution was reached after a

June 6, 2023

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Fuel Subsidy Removal - Page 2

Fuel Subsidy: Abuja Rail Transit System Set For N5 Billion Upgrade

New Report Shows Employment Up, New Businesses Emerge After Fuel Subsidy Removal

Fuel Subsidy: NEITI Probes Fuel Consumption Figures

FG, Labour Resume Talks Over Fuel Subsidy Removal

Subsidy Removal: Channel Funds For Palliatives To Productive Ventures – Utomi Urges FG

Subsidy Removal: States To Share More Revenues – Expert

Democracy Day: President Tinubu Promises Subsidy Relief, Honors MKO Abiola

Tinubu Tables Request After State Governors Back Fuel Subsidy Removal

Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi

NLC, TUC Suspend Proposed Nationwide Strike Over Petrol Subsidy Removal

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