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, all is set for labour unions to lock horns with the Federal Government on petrol subsidy removal.
The Nigeria Governors’ Forum (NGF) has backed the continued use of the Oxford/AstraZeneca COVID-19 vaccine, amid concerns about its safety.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Friday said the revenue gained from the removal of petrol subsidy should be used for free conversion of vehicles ......
From 2006 to 2019, Nigeria reportedly spent N10.7 trillion subsidizing the consumption of Premium Motor Spirit (PMS).
27 Jul 2020
Government, in March this year, announced total deregulation of petrol across the country, but Nigerians still pay average of N11.9 billion every month to ensure the uniform price of fuel across the country.
20 Mar 2020
Social Integrity Network (SINET) yesterday asked President Muhammadu Buhari to discontinue payment of subsidy on Premium Motor Spirit (PMS) as part of measures to cushion the effect of failing oil prices and block leakages in the scheme.
6 Jan 2019
A princely sum of N1. 149, 385 trillion is estimated to go into the payment of subsidy on petrol imported into the country this year.With the provision of a mere $1 billion, which is about N305 billion in the 2019 budget year...
12 Jun 2018
With continued plummeting of crude oil prices, Nigeria now records a monthly average of N15.859 billion as under-recovery on importation of petrol or Premium Motor Spirit (PMS) into the country.