Petrol subsidy

Senate sets up committee to dialogue with protesters

THE Senate has set up a three-man committee to dialogue with members of Organised Labour who stormed the National...

Finance minister raises concern as FG projects N6.7trn for petrol subsidy in 2023

THE federal government says today that it has projected an estimated N6.72 trillion for the 2023 fiscal period for...

Petrol subsidy cuts NNPC’s remittance to N14bn in October, least in 10 months

PETROL subsidy has reduced the Nigerian National Petroleum Corporation (NNPC)'s remittance to the federation account to N14. 85 billion...
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Petrol subsidy to end in June 2022 – Minister of Finance

MRS Zainab Ahmed, Minister of Finance, Budget and National Planning, has told Nigerians that the petrol subsidy will continue,...

Documents show Buhari’s govt. illegally diverted N378b NLNG dividend

By Oladeinde Olawoyin THE federal government illegally diverted $1.05 billion (N378 billion at N360 to a dollar) sourced from the Nigerian...

Petrol subsidy is the surest way for Nigeria to go bankrupt, says Sanusi

As a professional risk manager, I have never seen a policy that is so guaranteed to bankrupt anyone as this (petrol subsidy) policy.
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Black market and middlemen — not poor — benefit from kerosene subsidy

  By Chibuikem Agbaegbu and Mark Amaza The history of fuel subsidies in Nigeria dates back to 1985. A policy of...

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