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Minister of State for Petroleum, Timipre Silva

Silva says no plan to remove fuel subsidy

  The Minister of State for Petroleum, Timipre Silva on Thursday assured Nigerians that the Federal Government has no immediate plans to remove fuel subsidy. The...

Stakeholders kick against 0.2% levy on imports from AU countries

FG to spend N450bn on fuel subsidy in 2020

  The Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, says under-recovery of Premium Motor Spirit (PMS), popularly referred to as fuel...

Saudi Arabia to hike fuel prices, sell national assets, cut salaries

Should government remove fuel subsidy as advised by International Monetary Fund (IMF)?

Our economy is heavily reliant on oil. That is why prices of goods and services go up anytime there is an increase in fuel price. An average Nigerian cannot bear the...

NNPC MD Maikanti Baru

NNPC to lawmakers: We don’t need your approval for fuel subsidy 

By Omotilewa Quadri  The Nigeria National Petroleum Corporation (NNPC) has given reasons for paying subsidy on petrol without appropriation from the National Assembly....

PIGB: NASS vows push for presidential assent

Fuel subsidy is a ‘bigger fraud’, says Senate President  

By Omotilewa Quadri  Senate President Bukola Saraki has reacted to an ongoing investigation into “discrepancies” in fuel subsidy, saying its reintroduction is...

House of rep

Reps pass PIGB, summon Kachikwu, Baru over fuel subsidy payment 

By Omotilewa Quadri   The House of Representatives on Wednesday passed the bill for an Act to provide for the Governance and Institutional framework for the Petroleum...

FG orders payment of N150bn to petroleum marketers

Oil marketers urge FG to pay $2bn fuel subsidy arrears

The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the federal government to pay the $2 billion fuel subsidy claims owed its members. Obafemi...

N650bn subsidy debt affecting downstream operations - Oil marketers

Oil marketers urge FG to pay outstanding fuel subsidy claims

The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to pay the outstanding fuel subsidy claims to its members to pay back their...

Minister of State for Petroleum, Dr Ibe Kachikwu

Fuel subsidy cost Nigeria $65bn in 5 years – Kachikwu

Nigeria incurred subsidies for petrol and kerosene estimated at $65bn between 2011 and 2015, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said. The...

Jubril Rowaye

Court sentences fuel subsidy fraud convict, Rowaye to fresh 10 years

A High Court of the Federal Capital Territory in Gudu, Abuja, on Friday sentenced, an earlier convicted oil marketer, Jubril Rowaye, to fresh 10 years imprisonment for...

Jubril-Rowaye

Court sentences fuel subsidy fraud convict, Rowaye to fresh 10 years

A High Court of the Federal Capital Territory in Gudu, Abuja, on Friday sentenced, an earlier convicted oil marketer, Jubril Rowaye, to fresh 10 years imprisonment for...

osinbajo

Fuel subsidy removal: Nigeria saves N15.4bn monthly

Vice-President Yemi Osinbajo says the fuel subsidy removal has removed a burden of not less than N15.4bn monthly from the Federal Government. Osinbajo said this in Abuja...