Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the Federal Government will sustain subsidisation of Premium Motor Spirit (popularly known as petrol)...
Available statistics from economists indicate that the planned removal of the Premium Motor Spirit (PMS) subsidy will put the survival of millions of households in the balance.
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, has declared that the country can no longer sustain subsidy, insisting that the corporation...
At long last, the penny dropped with a quiet but disturbing thud. It finally shattered our illusion that President Muhammadu Buhari was the man to take on the oil cartels – and win.
The looming crisis on account of the alleged N120 billion monthly fuel subsidy, amid a frightening atmosphere of insecurity in the country is avoidable.
After dillydallying, it is now official that the liability Nigerians fear most, fuel subsidy, is real and active after the Federal Government yesterday admitted paying as much as N120 billion...
Since the January 2012 protest when Nigerians stood up against the removal of subsidy, there have been worries about the best way to remove fuel subsidy by the Federal Government...
The increment in the price of crude oil at the international market has pushed the price of Premium Motor Spirit (PMS) landing cost to N160 per litre.
11 Oct 2020
National Economic Diversification: The economic impact of the COVID-19 pandemic is so much. Loss of income and with the continued closures of some sectors, there will be loss of jobs and retrenchments...
21 Sep 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) says the Federal Government has spent a total of N8.94 trillion on oil subsidy between 2006 and 2015.
11 Sep 2020
The Federal Government could not have expected public applause over its decision this week to end fuel and electricity subsidies.
8 Sep 2020
Varied reactions, yesterday, greeted President Muhammadu Buhari’s warning of dire consequences if the country failed to end subsidy and fixing of the price for Premium Motor Spirit...