In 3 Years, NNPC Paid Itself N1.53trn As Subsidy On Petrol       The Nigerian National Petroleum Corporation, NNPC, paid itself N1.53 trillion as subsidy on Premium Motor Spirit, PMS, also known as petrol, in three years and six months, from January 2017 to June 2020, according...

FG To Nigerians: We’ll Fail If Fuel Subsidy Returns     The federal government says bringing back fuel subsidy that has already been removed may spell doom for the country, adding that Nigeria’s revenue has drastically fallen by not less than 65 per cent. Mrs Zainab Ahmed, the...

N10trn Spent On Fuel Subsidy In Last 15 Years – Marketers   The Federal Government has spent about N10n subsidising petroleum products in the last 15 years, the Major Oil Marketers Association of Nigeria has said. MOMAN and other stakeholders, including the Depot and Petroleum Products Marketers...

Nigeria Spent N752bn On Subsidy In 2019   The federal government paid N752 billion as petrol subsidy in 2019, a report by the Nigerian National Petroleum Corporation (NNPC) has disclosed. According to a recent report on NNPC’s operations and financial activities for the period of January 2020,...

Petrol Subsidy Gone Forever, Says Kyari   The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said on Monday. Kyari, who spoke during a live programme on African Independent Television, stated that with the current fluctuations in...

Petrol Subsidy Averages N45.87/litre As Oil Prices Drop   The Federal Government currently incurs an average of N45.87 as subsidy on every litre of petrol consumed in Nigeria, as industry data obtained on Wednesday showed decline in global crude oil prices. According to figures from the Petroleum...