Petrol subsidy has gulped over N11 trillion in 6 years
Nigeria has spent over N11 trillion as payment for outstanding subsidy claims over the last six years. This was disclosed ...
Tag: subsidy
News and stories about subsidy
Banks to lose interest on petrol subsidy-induced loans
CBN has asked Deposit Money Banks to forgo the interest charged on petrol subsidy-induced loans.
Again, Oil marketers oppose promissory note for payment
Oil marketers suspend planned strike, gives FG 5-day ultimatum to pay debts
Eight Months After, FG Reintroduces Fuel Subsidy
Eight months after the removal of subsidy on petroleum products, and introduction of a “price modulation” of fuel prices, the ...
This Is Why Fuel Price May Go Lower By April
Following the start of price modulation that led to the review of petrol pricing template in January, a new review ...
FG Raises Supplementary Budget To N574 billion To Pay For Fuel Subsidy
The Federal Ministries of Petroleum Resources, Budget and National Planning and Finance have been mandated to include an additional N108bn ...
Oil Marketers To Receive N413 Billion Subsidy Payment
The federal government has approved 413 billion as payment to oil marketers for the debt being owed them. According ...
Kachikwu Says Nigeria’s Economy Can’t Sustain Subsidy
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu, and other stakeholders argued, yesterday, that fuel subsidy ...
This Is What Seplat CEO Had To Say About Subsidy Payments And The NNPC
In an interview published earlier this week, this is what Seplat CEO Austin Avuru, had to say about the payment ...
