Subsidy: Nigerians Ought to Pay N256/Litre of Petrol – Mele Kyari
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari has said Nigerians ought to be paying a minimum of N256 per litre of petrol. Mr Kyari stated…
FG to Disburse N75bn Subsidy Grant to Businesses
The Federal Government announced readiness to disburse funds under the Presidential Palliative Programme. Daily Report Nigeria reports that the funds are targeted at alleviating the heavy impact of fuel subsidy…
Cameroon Shut Down Refinery Because of Cheap Fuel From Nigeria – El-rufai
Governor Nasir el-Rufai of Kaduna, has claimed Cameroon closed down its refinery due to the cheap fuel they are getting from Nigeria. The governor stated this while speaking at the…
FG Announces N1.6trn Subsidy For Nigerians
The Federal Government of Nigeria has announced a N1.6 trillion electricity subsidy for Nigerians. Daily Report Nigeria reports that the government also halted its initial plan to hike electricity tariff…
Nigeria Losing N250bn Monthly To Fuel Subsidy – Zainab Ahmed
Minister of finance, budget and national planning, Zainab Ahmed says the government currently spends about N250 billion monthly on subsidy payments. The minister who stated this while briefing state house…
FG Cut Off Sale Of Subsidised Rice To Public Servants
The federal government of Nigeria has stopped the sale of subsidized 50 kilo bags of rice to civil servants. Recall that the government had implemented this as a way to…
President Buhari Has Not Ordered For Subsidy Removal – Lawan
Senate President, Ahmed Lawan has disclosed that President Muhammadu Buhari has not ordered for the removal of fuel subsidy as earlier reported. Lawan stated this while speaking to State House…
NNPC Says No Subsidy On Petrol, Spent N7.8trn In 7 Months
The Nigerian National Petroleum Company (NNPC) Ltd has clarified that it is not subsidizing petrol, but rather covering a "shortfall" between the landing cost and the selling price. This…
Fuel Subsidy: NLC Suspends Nationwide Protest
NLC nationwide protest which was planned for Thursday, February 27 and Friday, February 2 has been suspended. The decision was made by the Congress's National Executive Council, which met digitally…
Firm Sells Subsidised Rice At N45,000 Per 50kg
A Nigerian company has began sale of subsidized rice in a bid to tackle the bad economy in the country. Daily Report Nigeria gathers that the Nigerian company, Egoras, a…