fuel subsidy

  1. RemmyAlex

    Business Fuel Subsidy: Nigeria's Minister, Kachikwu's Press Statement on Current Fuel Situation

    The federal government today, announced the removal of petrol subsidy an pegged the official rate at N145/per Litre. Below is the press statement released by the Minister of State for Petroleum, Dr. Ibe Kachikwu “We have just finished a meeting of various stakeholders presided over by His...
  2. Samguine

    Politics I Never Said Petrol Will Sell For N40 per Litre - Prof Tam David-West

    A former Minister of Petroleum, Prof Tam David-West has denied reports that he said the Buhari government would crash the price of petroleum to N40 if elected. The former minister, who spoke to Daily Sun on the phone, said at no time did he make such a comment and that he must have been...
  3. RemmyAlex

    Business Nigeria: No Subsidy Paid on Petroleum Products in January - Kachikwu

    The Minister of State for Petroleum and Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe. Kachikwu, yesterday said the Federal Government did not pay any subsidy on petroleum products in January 2016. He also stated that the country would save $1 billion...
  4. RemmyAlex

    Metro $620,000 Bribery Scandal: Farouk Lawan, Emenalo To Appear In Court Tomorrow

    Hearing is scheduled to commence tomorrow in the trial of the former chairman of the Ad-hoc Committee on Fuel Subsidy of the House of Representatives, Farouk Lawan, who allegedly accused of obtaining $620,000 bribe money from the chairman of Forte Oil, Femi Otedola. A source at the Awomolo...
  5. RemmyAlex

    Business EFCC Shuts Obat Oil’s Tank Farm Over Diversion of N1.2bn Subsidy Fund

    The Economic and Financial Crimes Commission (EFCC), yesterday, shut down a tank farm belonging to Obat Oil and Petroleum Limited at Kirikiri, Lagos, for alleged diversion of subsidy payment. Petrocam Trading Nigeria Limited had reported Obat Oil to EFCC for allegedly diverting N1.2 billion...
  6. RemmyAlex

    Politics READ What Lai Mohammed Said During Christmas Last Year

    In december 2014, the All Progressives Congress, APC Spokesperson said that it was last Christmas celebration under PDP government which he tagged; the bondage of insecurity, corruption, unemployment, widespread hopelessness and poor leadership. In a Christmas message to Nigerians, contained in...
  7. RemmyAlex

    Politics Tinubu To Jonathan In 2012: Subsidy Removal Will Bring Hardship On The People

    Asiwaju Bola Tinubu, leader of the defunct Action Congress of Nigeria (ACN) in 2012 accused the Jonathan presidency of betraying its social contract with the people by suddenly removing fuel subsidy. In 2015, as a national leader of the All Progressives Party, APC, the government of the day...
  8. RemmyAlex

    Politics Tinubu Reacts to Removal of Fuel Subsidy

    A former Governor of Lagos State and National Leader of the All Progressives Congress (APC), Bola Tinubu has advocated the removal of petrol subsidy as a way to address the perennial fuel scarcity in the country, ChannelsTv reports. Mr Tinubu made the pronouncement in Kaduna State as a Guest...
  9. RemmyAlex

    Politics World Bank tells Buhari: Now Is The Best Time To Remove Fuel Subsidy

    The World Bank has advised President Muhammadu Buhari to act now if he is seriously considering the removal of fuel subsidy. The World Bank’s Lead Economist, John Litwack, said Tuesday the best time to take such decision is now. While the Buhari administration has hinted at its intention to...
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