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Subsidy

NNPC to deduct N672bn as subsidy hits N1.35trillion in four months

The subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 has risen to N675.93bn, the latest data obtained from the...

Sylva Doubts Nigeria’s Petrol Consumption Figures, Says Numbers Crazy, Opaque

Sylva The Minister of States for Petroleum Resources, Timipre Sylva, yesterday expressed doubts over Nigeria’s daily petrol consumption figures, describing them as crazy and opaque. The...

Olubi Lists electioneering, rate hikes, capital controls as factors to cause foreign portfolio outflows in 2023

Olubi The Managing Director, Morgan Capital Securities Limited and an economic analyst, Rotimi Olubi, has said that electioneering for 2023 general elections in Nigeria will...

FG Approves N3trn, 17.5% of 2022 Budget to Sustain Subsidy

Ahmed A day after the federal government announced its plan to delay implementation of the Petroleum Industry Act, PIA, and retain payment of petrol subsidy...

Fuel Subsidy: No Fence To Sit On

By Garba Deen Muhammad Unlike previous struggles between Nigeria and the fuel subsidy conundrum, this time, it is a fight to finish. No ambiguity. No...

Subsidy payment costs N864.07bn in nine months –NNPC report

Kyari   The Nigerian National Petroleum Corporation spent a total of N864.07bn between January and September subsidising Premium Motor Spirit, popularly known as petrol. This amount represents...

FG continues fuel subsidy as NNPC ltd takes off in 6 months’ time says Sylva

Sylva Fuel subsidy policies in the Nigeria’s petroleum downstream sub-sector will remain in place till further notice.  The Nigeria’s Minister of State for Petroleum Resources, Timipre...

‘Subsidy affects Funding of N26.2bn NNPC Projects’

The burden of under-recovery of petrol price currently being borne by the Nigerian National Petroleum Corporation, NNPC, may have begun to affect its operations...

N120b petrol subsidy to double as CBN adjusts exchange rate

As the Central Bank of Nigeria, CBN, signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website,...

PIB 2020 will ensure free market pricing for Petroleum Products –Expert

    The Petroleum Industry Bill 2020 currently at the table of the National Assembly waiting for passage into Law is expected to bring an end...

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