oil subsidy

The Federal government said oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday Dec. 14th. The Chief Operating officer, Nigerian National Petroleum Corporation (NNPC) Downstream, Mr Henry Ikem-Obih disclosed...

State governors have alleged an inflation by almost 50 per cent in the Nigeria National Petroleum Corporation (NNPC) figures on petrol consumption and demanded a probe of oil subsidy payments from 2015 till date. After a meeting with the Vice-President, Yemi Osinbajo, on Wednesday night, …...

Walter Wagbatsoma, chairman, Ontario Oil & Gas Limited who was sentenced to 10 years following his prosecution by EFCC for N754million oil subsidy fraud, has been convicted by Leicester Crown Court in UK for money laundering. Following a trial at Leicester Crown Court a thirteenth defendant has...

Minister of Information, Lai Mohammed, has declared that Nigerians were now paying for the sins of the past government. He said the Jonathan government owed oil marketers ‎huge debts in oil subsidy payments, such that they have stopped importing the product in the last couple of months, hence...