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fuel subsidy

  1. siteadmin

    Politics How FG fuel subsidy reforms affect Nigeria’s economy – Vanguard Newspaper

    THE nation’s fuel subsidy was mainly targeted at supporting poor individuals, households and other stakeholders to meet their fuel needs, thus enabling them to contribute towards the development of Nigeria’s economy. The post How FG fuel subsidy reforms affect Nigeria’s economy appeared first...
  2. siteadmin

    Politics Nigeria owes N170.6 billion outstanding subsidy payments – Vanguard News

    The Nigerian National Petroleum Corporation (NNPC) Monday in Abuja revealed that the Nigerian Federation was indebted to the corporation to the tune of N170.6 billion outstanding subsidy payments due from January 2006 to December, 2015. Kachikwu Leading a team of Top Management of the NNPC to...
  3. Samguine

    Metro Why We Pay ‘Subsidy’ Without National Assembly’s Permission – NNPC - Daily Post

    The Nigeria National Petroleum Corporation, NNPC, has explained why it pays ‘subsidy’ on petrol without appropriation from the National Assembly. Managing Director of the Petroleum Products Marketing Company, PPMC, an NNPC arm, Umar Ajiya, said the NNPC Act is a law on its own which the...
  4. siteadmin

    Politics FG spends N784bn on fuel subsidy – The Sun News

    Payment illegal, says Senate •Commences probe From Fred Itua, Abuja A report submitted by the Senate Committee on Petroleum Resources (Downstream), yesterday, indicated that the Federal Government wasted a total of N784 billion on what it called fraudulent practices in the import of petroleum...
  5. siteadmin

    Politics Reps summon Kachikwu, Baru over fuel subsidy – Premium Times Nigeria

    The House of Representatives on Tuesday summoned the Minister of State for Petroleum Resources, Ibe Kachikwu, over the reported payment of fuel subsidy by the Nigerian National Petroleum Commission, NNPC. Also summoned were the Group Managing Director of the corporation, Maikanti Baru, and the...
  6. curator

    Business NNPC spent N112bn on fuel subsidy payments in 10 months – Vanguard News

    THE Nigerian National Petroleum Corporation, NNPC, has spent N112.079 billion on fuel subsidy in the first 10 months of 2017, between January and October 2017, financial documents obtained from the corporation have revealed. Dr Maikati Baru,Group Managing Director of the NNPC Contrary to claims...
  7. siteadmin

    Politics FG may resume fuel subsidy payment – The Sun News

    Rewane seeks clarification By Adewale Sanyaolu and Fred Itua, Abuja Strong indications have emerged that the Federal Government may soon resume the payment of petrol subsidy before mid 2018. Although it is still unclear when this will happen, findings by Daily Sun revealed that the outcome of...
  8. K

    Business Fuel Subsidy Returns as FG Secretly Pays To Land Crude Oil

    The Federal Government has resorted to subsidy regime following an increase in the landing cost of Premium Motor Spirit, also known as petrol. This is coming about eight months after the Muhammadu Buhari-led regime stopped the fuel subsidy, which was costing the government millions of naira...
  9. Jules

    Metro Court Convicts Fuel Subsidy Suspects

    A Lagos High Court in Lagos today convicted Walter Wagbatsoma, Adaoha Ugo-Nnadi, and their company Ontario Oil and Gas on an eight count amended charge of fuel subsidy fraud. There were eight count charges against them and they were found guilty of all on Friday, January 13. Babafemi Fakuade...
  10. K

    Metro EFCC Re-opens 2011 Fuel Subsidy Scandal

    The Economic and Financial Crimes Commission, EFCC, has reopened investigations into alleged N10.9 billion 2011 subsidy scam. The commission, it was gathered, has already investigated some key officials of the IPMAN Investment Company Limited, a company incorporated by some independent...
  11. Oluogunjobi

    Metro Fuel Hike: NANS Shuts Down Universities

    Grieved by the recent hike in the pump price of fuel from N86.50 to N145, the National Association of Nigeria Students, NANS, zone B, yesterday threatened to shutdown all tertiary institutions in the zone comprising 11 states today (Friday) in protest against the decision of the President...
  12. RemmyAlex

    Politics "Jonathan's SURE-P A Monumental Fraud" - Tinubu Throws Weight Behind Buhari

    National Leader of the All Progressives Congress, APC, and former governor of Lagos State, Asiwaju Bola Tinubu, has described former president Goodluck Jonathan’s Sure-P programme as a monumental fraud which only objective was to siphon public funds into the pockets of its architects. According...
  13. Oluogunjobi

    Metro Fuel Price Increase: NLC Strike Successful in Jos

    The nationwide strike embarked on by the Nigerian Labour Congress, gained success in Taraba state as all ministries in the state and public schools were closed. Both academic and non-academic staffs of Taraba State University complied with the industrial action in support of the reversal of...
  14. Oluogunjobi

    Politics Letter to the Federal Government And NLC - Abang Dove [OPINION]

    There is a saying that goes: ‘When two elephants fight, it is the grass that suffers’. This saying that has been used to characterize the carnage borne from the combat of two or more powerful forces cannot be over emphasized as regards the current happenings and the current state of the nation...
  15. Oluogunjobi

    Politics Gbajabiamila Supports Fuel Subsidy Removal

    House of Representatives Leader, Mr. Femi Gbajabiamila has expressed support for the removal of fuel subsidy. He argued that the government is left with no option but to take the decision in order to save the country’s economy from a total collapse. The lawmaker was one of the key participants...
  16. RemmyAlex

    Metro Pastor Adeboye Writes Nigerians On the State of The Economy

    Pastor Enoch Adeboye of the Redeem Christian of Church of God has called the attention of Nigerians to the problems of the country. The man of God, on his official social media account said: “Let me tell you the truth, the problems we are facing now in Nigeria is global not just Nigeria alone...
  17. RemmyAlex

    Metro Fuel Hike: NANS Set To Shut Down Campuses

    The National Association of Nigerian Students (NANS), Ekiti State chapter, is to shut down all tertiary institutions in the state on Tuesday, to protest the hike in the price of Premium motor spirit, fondly called petrol by the federal government. NANS, in a statement by the chairman of the...
  18. RemmyAlex

    Metro Nigerian Aircraft Pilots, Engineers Reject Strike Action, Back FG

    The National Association of Aircraft Pilots and Engineers (NAAPE) said on Saturday it would stand strongly in support of the federal government’s resolve to fully deregulate the downstream sector of the Nigerian oil and gas industry. The declaration of support by the aircraft pilots and...
  19. RemmyAlex

    Politics APC Chairman, Oyegun Begs Labour Unions Over Strike

    Chief John Odigie-Oyegun, the National Chairman of the All Progressives Congress (APC) has appealed to the Nigerians, the labour unions and other civil society groups to understand the situation that has led to the deregulation of fuel prices. Chief Odigie-Oyegun, who made the appeal yesterday...
  20. RemmyAlex

    Metro Nigeria: Strike Looms As NLC, Others Meet To Decide Over New Fuel Price

    Labour leaders in the country are meeting today to decide on a possible protest against the increase in the price of petrol. President Muhamamdu Buhari had on Wedsneday raised the price of PMS from N86.50 to a maximum of N145 per litre. The new policy allows marketers to import petrol and sell...
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