FG says it spends N18.397 billion daily on petrol subsidy
The Minister of Finance has revealed that the Federal Government spends an estimated N18.39 billion daily as petrol subsidy payments.
Tag: Petrol Subsidy
FG approves N4 trillion for fuel subsidy in 2022
The National Assembly has approved a request by President Muhammadu Buhari for N4 trillion petroleum subsidy for 2022.
Petrol subsidy could rise to N3 trillion annually under current market realities – PPMC
The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has warned that the annual ...
PPMC says Nigeria will save N12 trillion in 4 years with removal of petrol subsidy
The Petroleum Product Marketing Company (PPMC) said that the implementation of full deregulation of the downstream sector of the petroleum ...
FG says petrol subsidy will stop from July 2022 as World Bank criticizes policy
The Federal Government has announced plans to discontinue the payment of petrol subsidy by the second half of 2022. This ...
Subsidy Removal: DPR says petrol price could rise to N1,000/litre
The DPR boss stated that Nigeria needs $3.2 billion for the conversion of vehicles to gas-powered cars.
Oil and Gas stakeholders ask government to grant access to CBN FOREX market and importation of petroleum products
In its continued support of the government's deregulation process, stakeholders have demanded access to FOREX through the CBN official window.
Petrol Subsidy-Will there be an end to the discourse?
Local media reports citing a recent report by NNPC say the federal government paid N752bn as a petrol subsidy in ...
FG reduces petrol pump price to N123.50
The Federal Government has reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 ...
Senate considers petrol subsidy removal, naira devaluation
The Nigerian Senate has expressed its willingness to consider the removal of subsidy on petrol and devaluation of the Naira.
