Vice President Yemi Osinbajo on Monday accepted that there is payment of subsidy on imported petrol. He however explained that it is paid for by the...
There are indications that the Federal Government has started incurring N586 million daily as fuel subsidy, following the rise in crude oil price from $49 to...
Six months after the Senate mandated its joint committees on Petroleum Resources (Downstream), Petroleum Resources (Upstream) and Gas to probe an alleged N10 trillion-subsidy fraud by...
The managing director, Ontario Oil and Gas Limited, Mrs. Ada Ugo-Nnadi was on Thursday sentenced to 10 years in jail for her role in the fuel...
I have received the news with cautious excitement. The Minister of State for Petroleum in a terse Press Statement made this announcement and two things jumped...
Contrary to media reports speculating that the federal government may have returned subsidy on petroleum products, the Petroleum Products Pricing Regulatory Agency (PPPRA) says this is...
Boniface Emenalo, the Clerk to the then House of Representatives Ad hoc Committee on Fuel Subsidy, has admitted collecting $100,000 from business man Femi Otedola. Emenalo,...
By By Jideofor Adibe . . . The recent announcement by the Federal Government that effective from January 1, 2016, Premium Motor Spirit (PMS), otherwise known...
A former governor of Lagos State and National Leader of the All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, Friday called for the immediate removal of...
President Muhammadu Buhari, yesterday explained that his administration is yet to take a stand on fuel subsidy removal to avoid triggering hike in prices of essential...
Five months after the executive submitted its spending proposals to it, the Senate on Tuesday passed a national budget of N4.493tn for the 2015 fiscal year,...
With the gradual appreciation of prices of crude oil in the international market, the subsidy on petrol that the Federal Government will pay has been rising...