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,...
No Need For Panic Over Subsidy Removal
– FG Assures
The Federal Government has asked Nigerians not to panic over the announcement of the removal of petrol subsidy by President Bola Ahmed Tinubu.
In his inaugural speech on Monday, Tinubu the subsidy regime is gone, a statement...
Buhari Flags Off NNPC Wadi-B Oil Drilling In Borno
President Muhammadu Buhari Tuesday flagged off crude oil drilling campaign at Wadi-B l Tuba village, 35 kilometers away from Maiduguri City off Monguno road.
He said the oil exploration if successful will improve security, electricity energy and...
70% Of NNPC’s AKK Gas Pipeline Delivered, Project Not Abandoned – Kyari
The Nigerian National Petroleum Company Limited (NNPC) has spent $1.1 billion (about N506.6 billion) on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, delivering 70 per cent of the trunk welding.
The Group Chief Executive Officer...
NNPC: Where Are Our Refineries after 8 years?
The funds we have been spending on subsidies could buy us brand new refineries off the shelf.
The NNPC awarded homongous contracts for the rehabilitation or refurbishment of our four national refineries, and by the terms of the...
