The Federal Government is expected to meet with the leadership of the Nigeria Labour Congress (NLC) at 2 pm, on Wednesday over fuel subsidy. Joe Ajaero, NLC National President, disclosed this during an interview Wednesday morning on…

Nigerian National Petroleum Company Limited has welcomed President Bola Tinubu's announcement that fuel subsidy will be removed. Nigerians are being urged to stay calm and not panic buy fuel. According to them, removing fuel subsidy will…

New Nigerian president Bola Ahmed Tinubu announced the end of fuel subsidy after years of dithering under the outgoing President Muhammadu Buhari. “On fuel subsidy, unfortunately, the budget that existed before I assumed office…

President Muhammadu Buhari has sent a letter to the Senate seeking approval to take a loan to the tune of $800 million from the World Bank. This is to cushion the effects of subsidy removal. This follows the Federal Government’s April…

Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH can report. The President, Major General Muhammadu Buhari,…

The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020. It disclosed…

Despite a June 2023 deadline for the discontinuation of petrol subsidies, the Federal Government has yet to harmonise efforts with states in order to set up palliative measures. However, as the administration winds down, concerned…

The Ghana National Petroleum Authority has announced fuel subsidy removal.

Comptroller General of Nigerian Customs Service (NCS), Hameed Alli has faulted the over N4 trillion fuel subsidy being paid on Premium Motor Spirit (PMS) in 2022 fiscal year by Nigerian National Petroleum Corporation (NNPC) Limited. Ali…

In consideration of the worsening inflationary pressure on households, Adeola Adenikinju, a member of the Monetary Policy Committee (MPC), has called for the removal of fuel subsidy, projected to gulp N7.36 trillion between 2022 and 2023.…