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…
FG Announces Date Port Harcourt Refinery Will Resume Production
The Federal Government Wednesday said that Port Harcourt Refinery will become functional by December. The Minister of State for Petroleum Resources, Timipre Sylva, who hinted this at the end of…
Subsidy: I Pity Nigeria’s Next President – Sanusi
Former Governor of Central Bank of Nigeria, Lamido Sanusi, has expressed pity for the country's next president over the depleted state of the economy. According to the deposed Emir of…
Subsidy Removal: Petrol May Sell At N800/litre – Marketers
As Nigerians continue to experience scarcity of the Premium of Motor Spirit, better known as petrol, oil marketers have stated that the cost of the commodity would cross N800/litre once…
Deregulation: Get Ready to Buy Petrol at N750/Litre – IPMAN tells Nigerians
As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have asked Nigerians to…