Browsing Tag
Subsidy
18 posts
Workers demand better pay amid subsidy, debt concerns
Despite the country’s debt burden and lingering confusion over fuel subsidy removal, Labour unions, yesterday, demanded better welfare, just as the outgoing and incoming governments sought an understanding of the workers on action plans.
Fuel subsidy now above N400bn monthly – NNPCL
The Nigerian National Petroleum Company Ltd., NNPCL, on Friday disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, has crossed N400 billion monthly.
Three months after, regulators mum as fuel scarcity lingers amid N3.36 trillion subsidy
More than three months after scarcity of Premium Motor Spirit, otherwise known as petrol emerged in many parts of the country, attributable to alleged increase in ex-depot price, debt and logistics challenges, the situation appears to be getting worse with many Nigerians buying the product at a premium at the black markets or waiting endlessly in prolonged queues for the product at the regulated price.
2023 Elections: Tinubu presents economic plans at NESG presidential dialogue
Presidential Candidate of the All Progressives Congress Asiwaju Bola Ahmed Tinubu on Friday unfolded his comprehensive economic plan before the organised private sector under the aegis of the Nigerian Economic Summit Group.
Federal Government suspends planned petrol subsidy removal indefinitely
The Federal Government of Nigeria has suspended the planned removal of subsidy on petroleum products till further notice.
Decision on petrol subsidy removal to come in June –National Economic Council
Decision on removal of subsidy on petroleum would be made in June when the provision for its payment in the 2022 budget expires, the National Economic Council (NEC), has said.
NLC reacts against senate president’s claim on fuel subsidy removal, ask Buhari to clear doubt on removal
Leaders of the Nigerian Labour Congress (NLC) have criticised the Senate President, Ahmad Lawan, over comment that President Muhammadu Buhari was not aware of any plan to remove fuel subsidy in the country.
Alleged Subsidy Scam: Court admits more evidence against Nigerian oil mogul, Ali Peters
The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for alleged N1.4billion fraud, before Justice Christopher Balogun of the Lagos State High Court sitting in Ikeja, Lagos continued on Wednesday, with the Court admitting, in evidence, more documents tendered by the prosecution to prove the case against the defendants.