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Fuel subsidy News - Page 4

Bongo Adi Urges Rationalization Of Budget Systems, Calls For Fuel Subsidy Removal

Renowned Professor of Economics at Lagos Business School, and Newstide Publications board chairman, Bongo Adi, has called on the incoming administration to adopt a data-driven approach and rationalize the budget systems During an interview on Arise News, Adi highlighted the absence of a

May 26, 2023

NNPC Refutes Viral Claims That Its Fuel Does Not Last

Opinion

Fuel Subsidy: Another Look – Alabi Williams

By Alabi Williams It was Edo State Governor, Godwin Obaseki, who raised the alarm recently, that the Federal Government may not be able to pay salaries beyond June unless fuel subsidy is removed. The alternative, he warned, during the May Day rally

May 25, 2023

Business

El-Rufai Moves Against Postponement Of Fuel Subsidy Removal

The Governor of Kaduna State, Nasir El-Rufai, has revealed why he is in support of the removal of fuel subsidy, stating that the country spends more on subsidising petrol than building infrastructure. El-Rufai said in 2021, the Federal Government budgeted N200 billion

May 10, 2023

Dangote Cement GMD Defends Company's Prices After Criticism

Business·Oil & Gas

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

President Muhammadu Buhari will commission Dangote Refinery on 22 May 2023 before the end of his administration and the removal of the fuel subsidy in June. This was disclosed by Bashir Ahmad, the Special Assistant on Digital Communications to President Buhari, in

May 8, 2023

FG Reopens Six Land Borders, To Probe Reasons Buhari Closed Borders

Business·Oil & Gas

Plan By Buhari, Tinubu To Remove Fuel Subsidy Faces NUPENG Setback

The plan of the Federal Government to remove subsidy on fuel might suffer a setback as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) revealed they won’t be supporting the move. NUPENG said FG hasn’t met the condition set by

April 13, 2023

Business

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

The World Bank has handed Nigeria $800 million to disburse to vulnerable households after the removal of subsidy on the premium motor spirit (PMS). Nigerian government already slated June as the last month for fuel subsidy payment after postponing the removal in

April 6, 2023

Business

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy – FocusEconomics

The delay in subsidy removal and the scarcity of Naira pose fiscal risk to the Nigerian economy, Spain-based macroeconomic intelligence provider, FocusEconomics, has revealed. In its April 2023 Consensus Forecast report, the firm said the cash shortage will have a negative impact

April 4, 2023

Business·Oil & Gas

Oil Firm Boss, Tunji Oyebanji, Warns FG Against Fuel Subsidy Removal

The Federal Government has been warned by the Managing Director of 11 Plc, formerly Mobil Oil Nigeria Plc, Tunji Oyebanji, of the impact fuel subsidy removal will have on Nigerians. Oyebanji said before the government goes ahead to remove the subsidy, there’s

April 3, 2023

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Business·Insights

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

The cost of subsidy on Premium Motor Spirit (PMS), also known as fuel, in Nigeria will rise in May should the country not remove it, as Saudi Arabia and some members of the Organisation of the Petroleum Exporting Countries plus (OPEC+) cut

April 3, 2023

Pan-Nigerian Aggregation, Not Peter Obi, Defeated Tinubu In Lagos

Business·FEATURES·Insights·Oil & Gas·Top Stories

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

With the 2023 Presidential election just three days away, Nigerians should brace up for a significant hike in Premium Motor Spirit (PMS), also known as fuel, if Peter Obi, Bola Tinubu or Atiku Abubakar emerged as the winner. Fuel price as a

February 22, 2023

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Fuel subsidy News - Page 4

Bongo Adi Urges Rationalization Of Budget Systems, Calls For Fuel Subsidy Removal

Fuel Subsidy: Another Look – Alabi Williams

El-Rufai Moves Against Postponement Of Fuel Subsidy Removal

Nigeria’s Fuel Landing Cost To Drop By N20.7bn After Dangote Refinery Launch – Buhari

Plan By Buhari, Tinubu To Remove Fuel Subsidy Faces NUPENG Setback

FG To Share $800 million Among 50 million Nigerians After Removal Of Fuel Subsidy

Failure To Scrap Fuel Subsidy, Cash Shortage Major Fiscal Risk To Nigeria’s Economy – FocusEconomics

Oil Firm Boss, Tunji Oyebanji, Warns FG Against Fuel Subsidy Removal

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

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