The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has warned that...
The Petroleum Product Marketing Company (PPMC) said that the implementation of full deregulation of the downstream sector of...
The Federal Government has announced plans to discontinue the payment of petrol subsidy by the second half of...
The DPR boss stated that Nigeria needs $3.2 billion for the conversion of vehicles to gas-powered cars.
In its continued support of the government's deregulation process, stakeholders have demanded access to FOREX through the CBN official window.
Local media reports citing a recent report by NNPC say the federal government paid N752bn as a petrol subsidy in 2019.
The Federal Government has reduced the pump price of Premium Motor Spirit, popularly known as Petrol, from N125.00 to N123.50 with effect from Wednesday, April 1, 2020.
The Nigerian Senate has expressed its willingness to consider the removal of subsidy on petrol and devaluation of the Naira.
The federal government of Nigeria has spent a whooping N60.37 billion on subsidizing fuel in November 2019, increasing over 2000% when compared with the amount spent on subsidy in the same period 2018.
The subsidy spent by the Federal Government on the consumption of petrol and power gulped about N2.3 trillion between 2015 and 2018.
The Federal Government spent a whooping sum of N650.1 billion (US$1.8 billion) on subsidizing petrol consumption between April 2018 and March 2019.
FG spent N650.2 billion on petrol subsidy within a year –New report
