Most expensive states to buy fuel as of May 2024
Since the removal of the fuel subsidy in 2023, the average retail price of petrol in Nigeria has surged, affecting ...
Tag: Fuel Subsidy
News and analysis about fuel subsidy
Moody’s Ratings: Nigeria’s interest spending to increase by 1% of GDP in 2024
Moody's Ratings has projected a significant increase in Nigeria's interest spending, estimating a rise of 1% of the Gross Domestic ...
NNPC denies report of N3.3 trillion inflated subsidy claims
The Nigerian National Petroleum Corporation Limited (NNPC) has denied reports in the media that it inflated subsidy claims by N3.3 trillion. ...
FG spent N3.6 trillion on fuel subsidy in 2023, projects N5.4 trillion in 2024 – Report
The Federal government said fuel subsidy is projected to gulp about N5.4 trillion in 2024 as against the N3.6 trillion ...
“Fuel Subsidy removal is an ongoing process” – Wale Edun
The Minister of finance Wale Edun has insisted that fuel subsidy removal is an ongoing process that depends on a ...
Fuel and electricity subsidy payment to increase Nigeria’s budget deficit in 2024 – IMF
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due ...
FG now pays about N600 billion monthly for fuel subsidy – Rainoil CEO, Ogbechie
Industry key player and CEO of Rainoil Limited, Gabriel Ogbechie, has claimed that the federal government has resumed the payment ...
NNPCL denies adjustment in price of fuel, diesel
The Nigerian National Petroleum Company (NNPC) Limited has announced that there has been no change in the price of premium ...
IMF to FG: Protect poor Nigerians from rising prices through cash transfers
The International Monetary Fund (IMF) has advised the Nigerian government to implement its social protection measures to benefit poor and ...
IMF to FG: Implement cash transfer programme before addressing fuel, electricity subsidies
The International Monetary Fund (IMF) has emphasised the need for the Nigerian government to prioritise the full implementation of its ...
