Presidency directs N5.4 trillion subsidy savings toward nationwide development initiatives
The Nigerian Presidency announced that an estimated N5.4 trillion in savings from subsidy removal in 2024 is being directed towards ...
Tag: Subsidy removal
Subsidy removal: Current petrol price now above market rate – NLC
The Nigerian Labour Congress (NLC) has raised concerns over the rising price of petrol in the country, alleging that the ...
Petrol hike: Consumers struggle as Dangote Refinery, marketers clash over fuel supply, pricing
The recent petrol price hike by the Nigerian National Petroleum Corporation (NNPC) Limited has taken a toll on Nigerians, particularly ...
Naira devaluation, subsidy removal weakens business confidence in Nigeria – Report
Business confidence in Nigeria has declined sharply due to the impact of naira devaluation and the removal of fuel subsidies, ...
Subsidy Removal has slashed Nigeria’s petrol consumption to 30 million litres daily — Tinubu
President Bola Tinubu said the removal of fuel subsidy has helped reduced Nigeria’s petrol daily consumption from several millions of ...
Lagosians turn off car air conditioning as fuel turns into luxury item
As fuel prices continue to skyrocket, Lagosians are being forced to adopt new strategies to manage the increasing costs of ...
Trending video of President Tinubu assuring Nigerians of better times is an old clip – Presidency
A trending video of President Bola Tinubu, in which he acknowledges the economic hardships caused by the removal of subsidy ...
Protest: Tinubu urges Nigerians to look beyond present temporary pains, promises swift relief
President Bola Tinubu has urged Nigerian citizens to remain hopeful and look beyond the current temporary pains, assuring them that ...
NNPC plans to borrow another $2 billion crude oil-backed loan to boost economy – Report
The federal government is planning to borrow an additional $2 billion in crude oil-backed loans from international creditors to boost ...
Subsidy Removal: Nigeria’s debt to petrol traders surpasses $6 billion — Report
Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National ...
