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Tag: #petrol subsidy

Business Economy headline

Tinubu gives NNPC approval to spend federation’s dividends to defray petrol subsidy payments – Report

Iheanyi Ejiofor August 19, 2024 No Comments #dividend#federation account#NNPC#petrol subsidy#Tinubu

After months of denying the existence of subsidy, President Bola Tinubu has approved a request by the Nigerian National Petroleum Company (NNPC) Ltd to utilise the 2023 final dividends due…

Read More Tinubu gives NNPC approval to spend federation’s dividends to defray petrol subsidy payments – Report
Business Economy headline

Cash transfers to be done via state social registers as NEC decides on palliative measures

Iheanyi Ejiofor July 20, 2023 No Comments #NEC#palliatives#petrol subsidy

Our reporter/ The National Executive Council (NEC) on Thursday agreed on palliative measures for Nigerians following the removal of petrol subsidy and the recent hike in petrol prices. NEC considered…

Read More Cash transfers to be done via state social registers as NEC decides on palliative measures
Business Economy headline

Its Official: NNPCL increases fuel pump price to N537 per litre

Iheanyi Ejiofor May 31, 2023 No Comments #NNPC#petrol subsidy

Our reporter/ The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday announced increase in the pump prices of petrol, also known as Premium Motor Spirit (PMS) from N195 per litre…

Read More Its Official: NNPCL increases fuel pump price to N537 per litre
Business Economy headline

FG owes NNPC N2.8trn petrol subsidy expenditure – Kyari

Iheanyi Ejiofor May 31, 2023 No Comments #NNPC#petrol subsidy

Our reporter/ The federal government still owes the NNPC the sum of N2.8 trillion spent on petrol subsidy, Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum…

Read More FG owes NNPC N2.8trn petrol subsidy expenditure – Kyari
Business Economy headline

Why we are proposing extension of petrol subsidy removal – FG

Iheanyi Ejiofor January 25, 2022 No Comments #petrol subsidy

By our reporter/ The Federal Government on Tuesday proposed an extension of the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as…

Read More Why we are proposing extension of petrol subsidy removal – FG

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