The Nigeria Labour Congress {NLC}has written all its 43 affiliate unions to mobilise for the industrial action scheduled to begin on Wednesday, June 7, 2023. The...
Immediate past Rivers State Governor, Nyesom Wike, has thrown his weight behind President Bola Tinubu’s decision to immediately remove fuel subsidy which he says is the...
The Nigeria Labour Congress (NLC) has ruled out a nationwide protest over the withdrawal of fuel subsidy by the Federal Government. Reports emerged on Thursday that...
The Group Chief Executive Officer of the Nigeria National Petroleum Commission Limited, Mele Kyari, said on Thursday the subsidy regime ended in the country in February....
The President of the Nigerian Medical Association {NMA} Dr Uche Ojinmah, on Wednesday, described the removal of petrol subsidy as a good policy but called on...
The opposition Peoples Democratic Party {PDP} has reacted to the declaration of Pesident Bola Tinubu that “subsidy is gone” and the attendant hardship that heralded the declaration,...
The meeting between the Federal Government and organized labour over the fuel subsidy removal ended in a deadlock on Wednesday. The two parties at the Presidential...
President Bola Tinubu’s statement on fuel subsidy has resulted in panic buying among Nigerians and some filling stations have resorted to profit from the chaos. On...
The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, said the removal of fuel subsidy will make Nigeria great....
The inaugural address of freshly-minted President Bola Ahmed Tinubu has continued to trigger reactions. At first, the reactions appeared overwhelmingly positive. Longsuffering free market advocates waxed...
The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, said on Tuesday the Federal Government still owes the company N2.8 trillion...
President Bola Tinubu has made a major policy pronouncement in his first day in office, declaring that fuel subsidy is gone. Tinubu, who said this in...
The Federal Government has said that contrary to reports making the rounds, it has not suspended the removal of fuel subsidy come June, 2023. A statement...
These top 10 stories across the nation’s newspapers might interest you. 1. Nigeria suspends fuel subsidy removal The National Economic Council (NEC) on Thursday suspended the...
The National Economic Council (NEC) on Thursday suspended the removal of fuel subsidy. The Federal Government had earlier planned to remove the fuel subsidy in June...
A $800 million World Bank grant has been announced by the federal government as a part of its palliatives efforts ahead of removal of subsidy on...
Former lawmaker, Shehu Sani, has slammed the continued removal of petroleum subsidies in Nigeria without corresponding benefits to the Nigerian masses. There has been apprehension over...
Following the announcement that the outgoing government of President Muhammadu Buhari had left the decision of removing the petrol subsidy to the incoming government, the Nigeria...
Macroeconomic intelligence provider, FocusEconomics, has disclosed in its April 2023 Consensus Forecast report that Nigeria faces a fiscal risk due to various government policies. The report...
The Minister of Labour and Employment, Chris Ngige, has disclosed on Tuesday that the palliative measures for the removal of fuel subsidy will be determined by...
The Ghanaian government has removed fuel subsidy in a bid to stabilise its downstream sector and reduce funding pressure on authorities. This was revealed on Wednesday...
The presidential candidate of the African Action Congress (AAC) on Thursday berated the leadership of the country over the years, for the continued phantom payment of...
Rising level of public debt, debt service and fuel subsidy is affecting the revenue generation of the Federal Government, the Federation Account Allocation Committee (FAAC) Post-Mortem...
The Independent Petroleum Marketers Association of Nigeria (lPMAN) has said petrol subsidy in Nigeria was no longer sustainable. Mr Mike Osatuyi, the National Operations Controller of...
Ahead of the 2023 elections, the Presidential Campaign Council (PCC) of the ruling All Progressives Congress (APC) has intimated at its resolve towards the removal of...
The All Progressives Congress (APC) Presidential Candidate, Bola Tinubu, has vowed to end the controversial petrol subsidy payment. On Friday, he made the promise while unveiling...
The Labour Party presidential candidate, Peter Obi, said on Monday the country’s greatest assets are in the North. Obi, who disclosed this at an interactive session...
President Muhammadu Buhari has promised Nigerians that fuel subsidy will be completely removed in 2023. He gave this assurance while presenting the proposed N19.76 trillion budget...
Patience Oniha, director- general, Debt Management Office (DMO) has given reasons for the borrowings embarked upon by the federal government being used to fund subsidy payments...
The Nigerian National Petroleum Company (NNPC) has failed to sell enough crude oil to offset its petrol subsidy debt to oil marketers in Nigeria. Data obtained...
The World Bank Group’s President, David Malpass, has stated that the bank is prepared to assist Nigeria in phasing off regressive fuel subsidies while enhancing social...
The House of Representatives on Thursday summoned the Auditor-General of the Federation to appear before the lawmakers on August 30 on the fuel subsidy regime in...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday the Federal Government spends N18.3 billion daily on fuel subsidy. The minister stated...
The Federal Government will spend N2.7 trillion more on fuel subsidy payment in 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed...
The continued payment of fuel subsidies may have a boomeranging effect on state workers across the country after the Nigerian Governors’ Forum lamented its attendant financial...
The Office of the Accountant General of the Federation (oAGF) on Wednesday revealed the full details of the N4.194 trillion fuel subsidy paid to oil marketers...
The House of Representatives has revealed its plan to investigate subsidy payments, accusing the Nigerian National Petroleum Corporation (NNPC) of padding the cost of subsidy. During...
President Muhammadu Buhari on Tuesday explained why he ignored the World Bank and International Monetary Fund (IMF) advice to remove fuel subsidy in the country. The...
Nigeria may not benefit from increased oil prices, according to the International Monetary Fund (IMF) if the government does not limit the amount of fuel subsidies...
According to the World Bank, raising fuel subsidies puts the Nigerian economy at risk since subsidy payments might have a substantial impact on public finances and...
President Muhammadu Buhari has requested the Senate’s approval for adjustments to the 2022 fiscal framework to accommodate the increase in fuel subsidy to N4 trillion. The...
President Muhammadu Buhari has requested the House of Representatives’ approval for an increase in fuel subsidy to N4 trillion this year. In a letter dated April...
Forty per cent of Nigeria’s population are leaving in poverty on less than $1.90 a day, a new report from the world bank has shown. The...
The Minister of Finance, Budget and National Planning Zainab Ahmed, said on Tuesday the Federal Government would use $2.2 billion out of the cash raised through...
President Muhammadu Buhari on Tuesday tendered an amendment of the 2022 Appropriation Act to the National Assembly. This was contained in a letter titled, “Submission of...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that it has paid out N22.7 billion bridging claims to petroleum product transporters. According to the...
AUTHOR: Ugo Onuoha BOOBY-TRAP! That is what the regime of the President, Maj-Gen. Muhammadu Buhari, has set for the administration, if any, that would succeed him...
The Nigerian National Petroleum Company Limited has announced it spent a whopping N270.83 billion on subsidy payment in the month of December 2021. This is a...
