Fuel Subsidy Removal: Brace For N750/Litre Petrol, Stakeholders Tell Nigerians
As the federal government prepares to completely deregulate the downstream sector of the Nigerian oil and gas industry in the coming months, stakeholders in the sector have told Nigerians to be ready to pay as...
FG Will Save N10trn On Fuel, FX Subsidies Removal - CPPE
Nigeria is going to save about N10tn annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol, and foreign exchange, a report released on Sunday by Centre for the Promotion of...
Marketers Say Petrol May Hit N800/litre On Subsidy Removal
As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that the cost of the commodity would cross N800/litre once subsidy on PMS is removed.
Industry operators had...
Subsidy: Fed Govt Borrowing To Import Fuel - Minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills.
The government also confirmed that there was a possibility of global economic recession this year,...
Nigeria To Earn N6trn Yearly From Fuel Subsidy Removal, Says CPPE
The removal of fuel subsidy would unlock a minimum of N6 trillion in revenue into the federation account annually.
This was disclosed by an economic think tank, the Centre for the Promotion of Private Enterprise...
