Tag: oil subsidy
Nadabo Energy claimed subsidy for petrol not imported: Witness
The ongoing trial of Abubakar Ali Peters, chairman, Nadabo Energy, for an alleged N1.4 billion oil subsidy fraud, continued on…
Saudi posts record deficit, cuts fuel subsidies
Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies as the oil powerhouse suffers from…
Court to EFCC: Investigate Yanaty Petrochemical for N1.8bn subsidy fraud
The Abuja Division of the Court of Appeal, on Monday, December 7, ordered Yanaty Petrochemical Limited, an oil marketing company,…
Oil Subsidy: Enugu residents call for overhaul of refineries
A cross section of Enugu residents have called on the federal government led by President Muhammadu Buhari to overhaul refineries…
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2015 Budget: FG earmarks N145.2bn for oil subsidy – Okonjo-Iweala
Dr Ngozi Okonjo-Iweala, Minister of Finance, said that N145.2 billion had been set aside for payment of subsidy on petroleum…
Oil Subsidy Trial: Court Summons EFCC Witness
By Henry Ojelu A Lagos High Court Judge, Justice Lateefat Okunnu today issued a witness summon against a witness of…
States back removal of oil subsidy
The Federation Account Allocation Committee (FAAC) in Abuja on Tuesday took a decision to remove petroleum subsidy in the country.…
Nigerian states want oil subsidy regime to end
Citing fraud and sharp practices in the implementation of the nearly N1 trillion oil subsidy regime in Nigeria, the Forum…
Subsidy Scam: Firm Boss Gets N85m Bail
A Lagos High Court on Wednesday granted bail in the sum of N85 million to the Managing Director of Nadabo…
Nigeria saves N671b in oil subsidy claims
Nigeria’s Federal Government saved N671 billion in fuel subsidy claims within the past 10 months, following stringent measures adopted by…
10 Suspected Oil Subsidy Thieves Remanded
An Ikeja High Court presided over by Justice Habeeb Abiru, this morning ordered that the 10 new fuel subsidy thieves…
Suspected Oil Subsidy Thieves Docked
The arraignment of oil company executives indicted by the fuel subsidy panel before an Ikeja High Court was stalled today…
Ribadu: I’ll catch oil subsidy thieves in 7 days
DESMOND UTOMWEN/Abuja The pioneer Chairman, Economic and Financial Crimes Commission, Malam Nuhu Ribadu has boasted that should he be given…
N17 billion paid for oil subsidy in 2012
Nigeria’s Minister of Finance, Dr. Ngozi Okonjo Iweala said on Thursday that the Federal Government had released N17 billion as part of the…
PPPRA bites, sanctions Swiss Company
The Petroleum Products Pricing Regulatory Agency (PPPRA) has suspended NIMEX Petroleum Ltd, an oil trading company from Switzerland, from supplying…
Labour vows to resist oil price increase
Ayorinde Oluokun/ Abuja The Nigeria Labour Congress, NLC has advocated for a comprehensive reform of the downstream oil sector while…
Nigerian Governor Escapes Indictment, As Reps Debate On Oil Subsidy Report
The House of Representatives today concluded its debate of the oil subsidy report submitted to it by chairman of the…
Nigeria’s oil subsidy budget will run out, Sanusi Warns
Nigeria’s 2012 budget allocation to pay fuel subsidies will run out before the end of the year, risking Africa’s second…
Jonathan’s New Year Burden Gift To Nigerians —Lajuwon Lasisi
Consider this, “my people perish because of lack of knowledge”, which simply means people never learn from history, however recent…
How NNPC Defrauds Nigerians on oil exports and subsidy
The KPMG, in a forensic analysis of the operations of the Nigeria National Petroleum Corporation in 2010, unveiled startling revelations…
Subsidy Protest: EFCC site hacked with False arrests of oil moguls
Nigerian hackers have tampered with the website of the Economic and Financial Crimes Commission, EFCC, www.efccnigeria.org, posting on the site…
REMOVAL OF OIL SUBSIDY: PRESIDENT JONATHAN BREAKS SOCIAL CONTRACT WITH THE PEOPLE.
By Asiwaju Bola Ahmed Tinubu As Nigerians gathered with family and friends to celebrate the New Year, the federal government…
Oyo Govt Declares Curfew
Protest against the removal of oil subsidy has taken another dimension as hoodlums have hijacked the protest by unleashing terror…
Diezani: Why Oil subsidy should Go
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke on Tuesday explained how the removal of fuel subsidy by the Federal…
NLC Strike: Eagles Shelve Monday Training
The industrial strike over the removal of the oil subsidy by the Nigerian government may have necessitated the cancellation of…
Subsidy Insight:How Okonjo-Iweala Misled Jonathan with Figures
Okonjo Iweala’s Anti-subsidy movie Bayo Onanuga On the eve of Nigeria’s general strike to protest the removal of petrol subsidy…
Wole Soyinka: Back To The Trenches, Predictably!
Rarely has government alienation from the people it is meant to serve been so pronounced as demonstrated in the…
Analysis: President Jonathan Cuts a Pathetic Figure
Bayo Onanuga President Jonathan’s handlers did him a disservice Saturday night when he delivered another address to Nigerians on his…
News Analysis: Nigeria’s President Jonathan rides on Tiger’s tail
Bayo Onanuga President Jonathan of Nigeria must have made his portraiture go back to the canvas. Portrayed often as a…
Jonathan appoints 2 committees to handle subsidy fallout
Nigeria’s President Goodluck Jonathan has constituted two committees to handle some issues arising from the removal of the N1.2 trillion…