Subsidy: FG to Begin Disbursement of Grants, Loans to Businesses   As part of the Presidential Palliative Programme, the Federal Government of Nigeria has announced the kick-off of two programmes targeted at alleviating the impact of the fuel subsidy removal – the Presidential Conditional Grant Programme...

FG Generates N1.45trn From Subsidy Removal   The federal government has so far saved about N1.45tn from earnings generated from the removal of subsidy on Premium Motor Spirit, popularly called petrol between June and September. This is according to FAAC allocation documents obtained from the website of...

Petrol Subsidy Gulps N4.8trn Annually - FG The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stated on Tuesday that fuel subsidy was gulping about N4.8tn from its purse. The Chief Executive Officer, NMDPRA, Farouk Ahmed, disclosed this at the ongoing Energy...

Marketers Counter FG, Insist Fuel Subsidy Has Returned   Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Spirit, popularly called petrol, should not be less than N800/litre if there was no subsidy...

Gov Abba Flags-Off Palliatives Distribution to 500,000 Households in Kano   Determined to ease the effects of economic hardship occasioned by the removal of fuel subsidy and fullfill campaign promises, Kano state Governor, Alh Abba Kabir Yusuf has launched the distribution of palliatives to 500,000 households...

Kenya Govt Makes U-turn, Reinstates Small Fuel Subsidy Kenya has reinstated a small subsidy to stabilise retail fuel prices for the next 30 days, the energy regulator said late on Monday, in a reversal of government policy following public anger over the high cost of...