Despite N6trn Subsidy Payment, Fuel Price Rise By 81%   The price of Premium Motor Spirit popularly called petrol has risen by 81 per cent in the past three years, according to the National Bureau of Statistics (NBS) reports analysed by our correspondent. This came as findings...

Subsidy Removal: Marketers Plan 30,000 Gas Stations, Seek CBN Loans   Oil marketers have written to the Federal Government over their proposal to build about 30,000 gas stations to cushion the effects of the proposed subsidy removal on Premium Motor Spirit, popularly called petrol. Nigerians are currently...

FG Secures $800m From World Bank As Palliatives For Poor Nigerians The Federal Government has secured the sum of $800 million from the World Bank under the National Social Investment Programme as part of palliatives to cushion the negative effects of the plan to remove...

PENGASSAN To FG: Stop Fuel Subsidy, Revive Refineries   The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday, called on the Federal Government to stop subsidising Premium Motor Spirit, popularly called petrol. It also called on the government to ensure the speedy rehabilitation...

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...