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…