Tag: fuel subsidy
NEC, FAAC approve $1.05bn NLNG dividends for fuel subsidy
The National Economic council (NEC) and the Federation Allocation Accounts Committee (FAAC) have approved the use of Nigeria Liquiefed Natural…
Fuel subsidy: House of Reps summons Kachikwu, others
The House of Representatives on Wednesday resolved to invite the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, to…
Dogara bent on unraveling alleged fuel subsidy re-introduction
Speaker of the House of Representatives, Mr Yakubu Dogara has expressed determination of the House to unravel the lingering fuel…
Oil Marketers Urge FG To Pay Outstanding Subsidy
The Major Oil Marketers Association of Nigeria (MOMAN) has appealed to the Federal Government to pay the outstanding fuel subsidy…
Business, Headlines, Metro, News
Convicted fuel subsidy fraudster collapses in court
An oil subsidy fraudster, Mrs Ada Ugo-Ngali, the Managing Director of Ontario Oil and Gas Limited, fainted in the dock…
3 oil marketers lose bid to quash N1.5bn subsidy charge
Three oil marketers- Mahmud Tukur, Alex Ochonogor and Abdullahi Alao on Wednesday lost their bid to quash the N1.5 billion…
NECA hails FG on removal of fuel subsidy
The Organised Private Sector, under the umbrella of Nigeria Employers’ Consultative Association (NECA), on Saturday commended the Federal Government for…
Remove fuel subsidy totally, RMAFC tells FG
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has urged the Federal Government to remove fuel subsidy because it had…
Fuel Subsidy: Buhari seeks approval of supplementary budget
Nigeria’s President Muhammadu Buhari has requested the approval of a supplementary budget to cover mainly the 413 billion naira ($2.1…
Fuel subsidy rose from N300bn to N1.9trn under Jonathan, says Amaechi
Former governor or Rivers state, Rt Hon. Rotimi Amaechi has stated that under the government of Goodluck Jonathan the money…
Fuel subsidy removal will bring untold hardship on Nigerians – Sen Sani
Senator Shehu Sani (APC- Kaduna Central) on Sunday said removal of fuel subsidy was unacceptable because it would lead to…
I’m not going to remove fuel subsidy now, Buhari says
President Muhammadu Buhari has hinted that his administration is not ready to remove subsidy on petroleum products despite literatures urging…
Business, Headlines, Metro, News
Jonathan ordered me to withdraw $2bn from ECA to pay fuel subsidy – Okonjo-Iweala
Ayorinde Oluokun/Abuja Dr. Ngozi Okonjo Iweala, Nigeria’s former minister of finance said on Tuesday night that the $2 billion she…
Transition Committee to Buhari: End fuel subsidy, privatise refineries
President Muhammadu Buhari of Nigeria has been advised to end a fuel subsidy programme and privatise Nigeria’s four refineries in…
Fears Over Removal Of Oil Subsidy
Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be…
Remove fuel subsidy to end fuel scarcity, Senator urges FG
The Vice Chairman, Senate Committee on Petroleum (upstream), Senator Kabir Marafa, has called for the removal of oil susbsidy to…
At N87 per litre, FG still subsidises petrol – PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday said that Federal Government was still subsidising the current pump price…
NNPC to dialogue with NASS over directive to remit $218m
The NNPC said it would continue to engage the National Assembly in dialogue over directive to remit $218 million into…
Egyptian President removes fuel subsidy
Egypt has drastically raised fuel prices overnight to tackle a bloated subsidy system, in a potentially unpopular move that might…
$620k Bribe: Farouk, Emenalo Re-Arraigned
Nnamdi Felix/Abuja Former Chairman, House of Representatives Ad-hoc Committee on Fuel Subsidy Regime, Farouk Lawan and its former secretary, Mr.…
A Contrived Fuel Scarcity
Following the hardship Nigerians are subjected to daily, the prevailing fuel scarcity across the country demands that a serious and…
Why Jonathan Is After Me —Gov Amaechi
Embattled Rivers State Governor, Rotimi Amaechi, has broken his silence and disclosed that President Goodluck Jonathan is witch-hunting him because…
No Going Back On Oil Subsidy Removal —Jonathan
The President Goodluck Jonathan-led Federal Government has restated its plan to fully deregulate the downstream oil sector, despite the aversion…
Five Suspects Rearraigned Over Fuel Subsidy Fraud
Five suspected fuel subsidy fraudsters were today re-arraigned before Justice Adeniyi Onigbanjo of the Ikeja High Court for defrauding the…
In Celebration Of 100 Years Of Trade Unionism In Nigeria
By femi falana The Working Class Association of Nigeria deserves commendation for organising this workshop to celebrate the centenary of…
Unending Fuel Woes
Nigerians appear to be ending the year the grim way they started it, with nationwide fuel woes. Many see it…
NOT AGAIN, JONATHAN!!!
The most generous response that can be given to President Jonathan’s recent statement on the people’s fuel subsidy protest is…
Sudan adamant on fuel subsidy removal
There will be no turning back on Sudan’s policy of phasing out fuel subsidies, the finance minister said on Monday,…
Jonathan On Jamboree In Brazil
Beleaguered Nigerian leader, Goodluck Jonathan embarked on his unpopular trip to the Earth Summit in Rio de janeiro, Brazil with…
How Meaningful Is The Political Renaming Of UNILAG?
By Odunayo Joseph Since Nigerians were treated to the fuel subsidy scams which dust is yet to settle, the public…