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Fuel subsidy News - Page 5

Fuel Stations To Increase Petrol Price To Over N700, Oil Marketers Give Reasons

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Some members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) are still selling fuel above the government-agreed price. Prime Business Africa on Wednesday gathered that filling stations of independent oil marketers were selling fuel at a range between N300 and N330

February 9, 2023

Business·Oil & Gas

Finance Minister Reveals Why Buhari Is Handing Fuel Subsidy To Peter Obi, Others

The Minister of Finance, Zainab Ahmed, has revealed why the administration of President Muhammadu Buhari chose to delay the removal of fuel subsidy until the next administration. President Buhari had scheduled fuel subsidy removal for January 2022, but it was later postponed

January 18, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

Nigeria’s Finance Minister, Zainab Ahmed, has disclosed that the country’s fuel subsidy payment in six months will surpass the revenue earned from oil sources within 12 months. Ahmed said this at the public presentation on Wednesday, where she broke down the budget

January 5, 2023

FEATURES·Finance & Economy

4 Major Issues That Will Shape Nigeria In 2023

As the year 2022 winds down there are apprehensions in the air as to how 2023 will look like in various areas in Nigeria with regard to issues and events coming up and how they will likely define the socio-economic and political

December 30, 2022

Business·Oil & Gas

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

The Presidential Candidate of the All Progressives Congress (APC), Bola Ahmed Tinubu, has said he will remove subsidy on Premium Motor Spirit (PMS), also known as petrol if elected in 2023 election. Tinubu said he’s going to make the bold decision that

December 23, 2022

El-Rufai Moves Against Postponement Of Fuel Subsidy Removal

Business

Why States Owe Salaries – Gov. El-Rufai

Kaduna State governor, Nasiru El-Rufai, has stated that Nigeria would end up like Sri Lanka if fuel subsidy and multiple exchange rates continue. According to El-Rufai, Nigerian states are affected by the failure to remove fuel subsidy and operate a single exchange

December 16, 2022

Fresh Petrol Price Hike Stokes Fears Of Further Inflation Spike In Nigeria

Business·Oil & Gas

Petrol Pump Price May Hit N650 – Marketers

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (lPMAN), Mike Osatuyi, said petrol pump price may rise astronomically as Nigerians could buy fuel at N650 to N700 per litre. Osatuyi said the current price of N170 can more

November 14, 2022

Africa·FEATURES·Finance & Economy·News

LCCI Urges Nigerian Govt To End Fuel Subsidy, Rues Heavy Debt Burden

Lagos Chamber of Commerce, in its assessment of the nation’s economic growth performance in the last quarter of 2022, looking at the Gross Domestic Product (GDP) report by the National Bureau of Statistics, stated that the government needs to put appropriate measures

September 7, 2022

NNPCL Denies Inflating Fuel Subsidy Payments

Business

NNPC Fails To Remit Into Federal Account Despite N2.38 trillion Revenue In Six Months

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it made N2.38 trillion revenue from oil sales, however the corporation didn’t remit any money to the Nigerian government’s account in six months. According to the Federation Accounts Allocation Committee (FAAC) report

August 24, 2022

Business

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government spent N283 per litre of Premium Motor Spirit (PMS) as fuel subsidy. This means Nigerian government spends N18.397 billion per day on fuel subsidy to keep

August 18, 2022

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Fuel subsidy News - Page 5

Oil Marketers Defy FG’s Fuel Price Tag, As NNPC Needs N4.27trn To Keep Price Low

Finance Minister Reveals Why Buhari Is Handing Fuel Subsidy To Peter Obi, Others

Nigeria To Spend 1 Year Oil Revenue On Fuel Subsidy In 6 Months

4 Major Issues That Will Shape Nigeria In 2023

Tinubu Vows To Ignore Protest, Remove Fuel Subsidy

Why States Owe Salaries – Gov. El-Rufai

Petrol Pump Price May Hit N650 – Marketers

LCCI Urges Nigerian Govt To End Fuel Subsidy, Rues Heavy Debt Burden

NNPC Fails To Remit Into Federal Account Despite N2.38 trillion Revenue In Six Months

Nigeria Spends N18.39 billion On Fuel Subsidy Daily – Finance Minister, Zainab Ahmed

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