Petrol Subsidy Gulped N8.94trn In 10 Years - PPPRA     The Federal Government spent N8.94tn on petrol subsidy between 2006 and 2015, figures released by the Petroleum Products Pricing Regulatory Agency on Monday showed. Data from the PPPRA showed that during the 10-year period, the government consistently...

Petrol Subsidy Removed Because Of Fraud - Kyari       The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud. Kyari said some cabals which he failed to identify perpetrated the fraud in the oil...

We Spent N5.3bn On Petrol Subsidy In June – NNPC     Latest figures from the Nigerian National Petroleum Corporation have shown that the oil firm made an under-recovery of N5.348bn in June this year. Under-recovery is the losses incurred by the oil firm due to the difference...

In Three Months, Petrol Subsidy Gulped N101.6bn – NNPC   Petrol subsidy consumed over N101bn in the first three months of this year, as stakeholders want the scheme to be fully halted. Latest figures released by the Nigerian National Petroleum Corporation have shown that petrol subsidy gulped...

Petrol Subsidy Removal, A Game-changer — LCCI   The Lagos Chamber of Commerce and Industry has said the decision by the Nigerian National Petroleum Corporation to put an end to fuel subsidy will be a game-changer for the oil and gas sector and the economy. The Director-General,...

FG’ll Divert N457bn Petrol Subsidy To Other Sectors – NNPC   The Federal Government will divert N457bn provided for petrol subsidy in the budget to other sectors of the economy, the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said. He also disclosed...