Tag: Subsidy
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BREAKING! NNPC formally announces increase in fuel price
The Nigerian National Petroleum Company (NNPC) Limited has set the price of Premium Motor Spirit (PMS), also referred to as fuel or Petrol , at between N488 and N555 per litre at its highest point. This is coming barely three days after President Bola Tinubu announced an end to removal of fuel subsidy in Nigeria.…
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Why fuel subsidy removal is good for Nigeria – By Felix Ayanruoh
Fuel subsidy is the transfer of economic resources by the government to consumers or producers of a good or service. The resultant incentive is to boost production or consumption of a commodity over what it would otherwise have been. However, critiques of energy
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Kyari meets Tinubu, gives update on removal of subsidy
The Nigerian National Petroleum Company Limited (NNPC Ltd) has assured Nigerians that fuel queues in filling stations, following the affirmation of the removal of subsidy, will soon vanished. Malam Mele Kyari, the Group Chief Executive Officer (GCEO), briefed State House
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No need for panic over subsidy removal – FG
The Federal Government of Nigeria has asked Nigerians not to panic over the announcement of the removal of petrol subsidy by President Bola Ahmed Tinubu
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![[VIDEO] Fuel queues welcome Tinubu’s announcement of end to subsidy](https://thenewsguru.ng/wp-content/uploads/2020/11/fuel-hike.jpg)
[VIDEO] Fuel queues welcome Tinubu’s announcement of end to subsidy
Fuel queues are back in Lagos as hours after newly sworn-in President Ahmed Tinubu announced fuel subsidy withdrawal. TheNewsGuru.com, (TNG) reports barely 2 hours after President Tinubu announced
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Just In: 34 days to go, Buhari Administration suspends fuel subsidy removal plan
Barely 34 days to the end of President Muhammadu Buhari’s to administration, National Economic Council, NEC, has suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this while briefing State House correspondents at the end…
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Catastrophe of $800m palliative for subsidy removal – By Godwin Etakibuebu
It was after the Federal Executive Council’s meeting of Wednesday, April 5, 2023, that the Minister of Finance, Budget, and National Planning – Zainab Ahmed, let the cat out of the bag about the sum of $800 million the Federal Government recently borrowed from the World Bank.
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Amid rising debt, petrol subsidy bill rises to N525.71 billion last month
Amid rising debt, petrol subsidy bill has risen by 17.1 per cent to N525.71 billion last month. This was disclosed in the subsidy bill figures picked by the Federal Government and made available by the Nigerian National Petroleum Company Limited (NNPCL) NNPC. According to the figures, the government has paid N2.568 trillion as subsidies between…
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Delta Assembly approves Okowa’s request for N150bn credit facility
The Delta State House of Assembly on Tuesday approved a request by Gov. Ifeanyi Okowa for a bridging finance facility of N150 billion in favour of the State government.
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Senate passes N17.3trn revised 2022 budget
The Senate has passed the revised 2022 N17.3trillion budget. This followed the adoption of the report of Senate Committee on Appropriation at Thursday’s plenary.