NNPC, Not FG Funded Subsidies For 2022, First Half of 2023 - Kyari By Ozumi Abdul Group Chief Executive Officer of the National Petroleum Company Limited (NNPCL), Mele Kyari, has revealed that the company and not the federal government was responsible for the funding of subsidies...

Fuel subsidy: FG, NLC Meeting Ends in Deadlock The meeting between the federal government and the leadership of the Nigeria Labour Congress (NLC) held at the Presidential Villa, Abuja on Wednesday was deadlocked as the unions insisted on reversion to status quo on the petroleum...

CBN Devalues Naira to 630/$1 The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window on Wednesday. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans...

Subsidy: NLC Rejects New Pump Price, Threatens to Withdraw from Dialogue The Nigeria Labour Congress (NLC) has urged the Federal Government to immediately instruct the Nigerian National Petroleum Company Ltd (NNPCL) to withdraw the just released pricing template to allow free flow of discussions by...

Subsidy: NNPC Sells Petrol In Lagos For N488 And N537 In Abuja, PH N511   The long awaited price for petrol was effected by NNPC limited Wednesday morning providing clarity around prices post the removal of the controversial subsidy which cost almost $10bn annually. Economic Confidential also...

'N11trn Spent On Moribund Refineries In 13 Years'   The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date. The Chairman of the committee, Ganiyu Johnson, however,...