Reps to probe petrol subsidy regime
The Chairman, House of Representatives Committee on Petroleum Resources (Downstream), Ikeagwuonu Ugochinyere, has vowed on behalf of the committee to conduct a comprehensive audit of
Tag : Petrol subsidy
Petrol subsidy hits N2.57tr as supply rises by 10%
The subsidy bill picked by the Federal Government rose by 17.1 per cent to N525.71 billion last month, the figures made available by the Nigerian
NNPC can’t justify N6.34tn petrol subsidy – Customs
The Comptroller-General of Nigeria Customs Service, Col. Hameed Ali (retd.), has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot
Petrol subsidy, debt disrupt Nigeria’s economy – DG, NECA
Mr Adewale Oyerinde is the Director-General of the Nigeria Employers’ Consultative Association. Speaking on the issues facing the economy and the way forward. There seems
‘Unchecked oil theft, petrol subsidy, debt servicing will push Nigeria into bankruptcy’
An Economist and Founder of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has warned the federal government that unchecked crude
Petrol subsidy rises, hits N1.16tn in 11 months
NNPC’s remittances to FAAC fall by N1.78tn The amount spent on subsidising Premium Motor Spirit, popularly called petrol, rose to N1.16tn between January and November
Petrol subsidy may climb to N3tn in one year – NNPC subsidiary
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium Motor Spirit (petrol) will rise
Petrol subsidy stays till June 2022, says minister
N714b paid in seven months There is no plan to end petrol subsidy for now, the Federal Government said yesterday. Finance, Budget and National Planning
IPMAN advises FG to petrol subsidy
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday advised the Federal Government to remove subsidy on petrol in order to increase the sector’s
NNPC to deduct N149bn from FAAC as petrol subsidy
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it will deduct N149.28 billion spent on petrol subsidy in August, 2021 from its contribution to
