10m Households To Get N5,000 As Subsidy Palliative For Six Months - FG   The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June. Economic Confidential reports that the amount is N50 billion per month and...

FG Says Fuel Subsidy, Oil Theft Gulped N29trn   The Federal Government, disclosed that 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 this...

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...