subsidy

Fuel scarcity queues Speaker of the House of Representatives, Mr Yakubu Dogara has expressed determination of the House to unravel the lingering fuel scarcity and the alleged re-introduction of fuel subsidy in the country. Dogara said this while welcoming members of the House of Representatives...

Niger State Government has flagged off sales of N183 million worth of grains at 50 per cent subsidy, to reduce people’s hardship in the current economic recession. The News Agency of Nigeria (NAN) reports that selling at the subsidised rate will be cheaper than the current market price of...

The planned strike by Nigeria's labour unions over the recent fuel price hike won't last for 3 days, the Conference of Nigerian Political Parties, CNPP, has asserted. In a joint statement signed by its National Chairman, Alhaji Balarabe Musa, and the Secretary-General, Chief Willy Ezugwu, CNPP...

The Minister of State for Petroleum, Ibe Kachikwu, has confirm the recent announcement of a removal in fuel subsidy. Kachiku said that the decision was informed by the outcome of a stakeholders meeting held with Vice President Yemi Osinbajo The minister said that the government ‘expect that...

Common Sense Senator, Ben Murray-Bruce, representing Bayelsa East Sentorial District has queried the Federal government increment in the price of Kerosene from N50 to N83 per litre. Related: FG Removes Kerosene Subsidy See tweet:

The federal government has officially scrapped paying subsidy to oil marketers for the importation of premium motor spirit (PMS), otherwise called petrol and household kerosene, DailyTrust reports. An analysis of the Petroleum Products Pricing Regulatory Agency (PPPRA) revised pricing template...

Governor Udom Emmanuel of Akwa Ibom State has disclosed that three private refinery operators have indicated interest to start operations in the state just as he warned marketers against contravening the miscellaneous code which he said, is punishable by law. The Governor also advocated for the...

President Muhammadu Buhari is currently in a dilemma over what to do about the perennial energy crisis manifesting in long fuel queues across the country. The confusion is coming just as the petroleum marketers are expecting the federal government to pay them their outstanding claims in respect...

The Nigerian National Petroleum Corporation (NNPC) has recorded a loss of over N170 billion in the last three months of July, August and September. In July, the corporation lost N51.71; in August, N60.67 billion; and N59.40 billion in September. In its reports published in September and...