subsidy removal
30 Sep
Ogun State Governor, Dapo Abiodun, has said that the subsidy on fuel, if not curbed by President Bola Ahmed Tinubu, would have cost the country N5.4 trillion by the end of 2024.
25 Sep
President of Dangote Group, owners of Dangote Petroleum Refinery and Petrochemicals, Aliko Dangote, has advocated total removal of fuel subsidy, saying it is no longer sustainable.
11 Sep
President Bola Tinubu has said his administration decided to remove the subsidy on Premium Motor Spirit (PMS) to free up resources for critical investments in the country.
8 Aug 2024
As protesters demand the reversal of fuel subsidy removal, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has explained it may not be possible, noting that even with the subsidy removal, the country is spending as much as $600 million on fuel importation monthly.
31 Jul 2024
The House of Representatives has instructed the Nigerian National Petroleum Corporation Limited (NNPCL) to halt any further mortgaging of future crude oil assets until an ongoing forensic audit of its operations is completed. This directive was issued by the Special Joint Committee of Downstream and Midstream Petroleum Resources, chaired by Hon. Ikenga Ugochinyere. The committee…
9 Jun 2024
One year after President Bola Tinubu announced the removal of subsidy on Petro, Nigerians fuel consumption and buying pattern have changed compared to years before the subsidy was removed. Although the government has announced that it will be spending about N5.4 trillion on subsidy this year. But since the announcement of fuel subsidy removal on…
10 May 2024
President of the lnstitute of Chartered Accountants of Nigeria (ICAN), Dr Innocent Okwuosa, has said fuel subsidy removal and exchange rate unification have contributed to addressing inefficiencies and corruption within the economic system.
3 Mar 2024
Asiwaju Ahmed Bola Tinubu promises to be one of Nigeria’s more courageous elected leaders. Emerging evidence points in that direction. His predecessors had fought shy of the twin contagions
27 Feb 2024
African Women Lawyers Association (AWLA) has urged the Federal Government to review the fuel subsidy removal and declare a state of emergency on insecurity as key measures to tackle the crippling economic hardship in the country.
23 Feb 2024
The National Bureau of Statistics (NBS) has revealed that the importation of petrol by the Nigerian government has dropped by fifty percent following the removal of subsidy. Minister of Information and National Orientation, Mohammed Idris gave out this details while speaking on what the Federal government has achieved so far within nine months. Idris in…
Latest
4 mins ago
Gov. Babagana Zulum of Borno on Sunday presented the staff of office to the Shehu of Dikwa, Alhaji Ibrahim El-Kanemi, at a ceremony in Dikwa town. Ibrahim Ibn Umar El-Kanemi emerged as the 13th Shehu of Dikwa following the demise of the late monarch, Alhaji Mohammed Ibn Shehu Masta II who died in 2017. In…
7 mins ago
Protesting students of University College Hospital (UCH) Ibadan, on Monday, expressed displeasure to President Bola Tinubu through the Minister of Power, Adebayo Adelabu, over the persistent darkness in the teaching hospital. The angry students decried the over 100 days of darkness in the institution, saying patients are not only dying, but staff of the tertiary…
8 mins ago
Spain manager Montse Tome on Monday denied "punishing" Jenni Hermoso by dropping her after ex-football federation chief Luis Rubiales forcibly kissed her at the 2023 Women's World Cup final. Rubiales will testify on Tuesday in a trial viewed as a case against macho culture and sexism in sport after the kiss in Australia sparked a…
13 mins ago
Aging is a natural part of life, but certain habits can make it happen much faster than it should. Have you ever seen someone in their 40s who looks like they are in their 50s? Sometimes, it's not just about genetics, it's about lifestyle.The choices we make every day, from what we eat to how…
15 mins ago
The Nigeria Employers’ Consultative Association (NECA) has demanded a reversal of the four per cent charge on the Free on Board (FOB) value of imports by the Nigeria Customs Service (NCS). NECA’s Director-General, Mr Adewale-Smatt Oyerinde, made the call in a statement on Sunday. The News Agency of Nigeria (NAN) reports that NCS spokesman, Mr…
20 mins ago
Romanian President Klaus Iohannis on Monday announced he would resign following pressure for him to leave the post after a court last year cancelled the country's presidential election. "In order to spare Romania and the Romanian citizens from crisis... I resign from the office of president of Romania," Iohannis said, adding that he would officially…
22 mins ago
The Police Command in Imo has launched a manhunt for the abductors of Ohanaeze Youth Council (OYC) President, Mr Igboayaka O. Igboayaka, who was kidnapped in Owerri on Saturday. Ohaneze The Police Public Relations Officer (PPRO), DSP Henry Okoye, confirmed this in a statement on Sunday. He also confirmed that Igboayaka was not arrested but…
32 mins ago
Novak Djokovic said Monday his leg injury, which shattered his Australian Open dream, was "almost 100 percent healed," and he was ready to aim for his 100th ATP title in Doha this month. "There's no longer any muscle tear. The injury is almost 100 percent healed and I'm ready to go for more victories," Djokovic…
36 mins ago
Alessandro Nesta was recalled as Monza coach on Monday after the Serie A club sacked his replacement, Salvatore Bocchetti, with the team bottom in Italy's top flight. Monza confirmed the decision with two short statements, with 48-year-old Nesta continuing his contract until the end of the season which reportedly has an option for another year…
39 mins ago
Gov. Francis Nwifuru of Ebonyi on Sunday in Abakaliki approved the appointment of Prof Michael Awoke as the substantive Vice Chancellor of the Ebonyi State University (EBSU). The announcement of the new VC is contained in a press statement signed by Dr Monday Uzor, the Chief Press Secretary to the governor and made available to…