The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has declared that the removal of the fuel subsidy and the transition to a...
The Nigerian National Petroleum Corporation (NNPC) is facing an increasingly daunting subsidy burden as oil prices continue to surge. Investigation has revealed that escalating crude oil...
Nigeria’s petrol subsidy has surged to N907.5 billion monthly, surpassing the levels seen before President Bola Tinubu’s decision to halt the costly practice last May. Analysis...
The International Monetary Fund (IMF) has raised concerns about Nigeria’s recent resurgence in fuel subsidy payments, indicating a potential reversal in the country’s subsidy removal policy....
The Nigerian federal government has reported significant fiscal gains amounting to approximately N1.45 trillion between June and September due to the removal of the subsidy on...
The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has said that the Federal Government of Nigeria is...
Amidst President Bola Ahmed Tinubu’s repeated assurances of subsidy removal, it has come to light that the Federal Government disbursed N169.4 billion as subsidy payments in...
Oil industry experts offered President Bola Tinubu recommendations on Tuesday, suggesting a gradual easing of the subsidy removal on Premium Motor Spirit, commonly known as petrol....
As the global oil markets and foreign exchange rates continue their tumultuous dance, President Bola Tinubu is reportedly considering a “temporary subsidy” on petrol to alleviate...
President Bola Tinubu has announced that the Federal Government has successfully saved over a trillion Naira within just two months since the removal of the petrol...