NEC suspends fuel subsidy removal
Business a.m.
April 27, 2023
By Business A.M. The National Economic Council (NEC) has suspended the anticipated removal of subsidy on petroleum products in
50 million vulnerable Nigerians to benefit from $800m World Bank fuel subsidy palliative
Business a.m.April 6, 2023
By Business A.M. The federal government says it has secured a World Bank facility worth $800 million, as part of its post-subsidy
FG spent over N12bn on fuel subsidy in five days
Businessam StaffDecember 25, 2019
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N12.69 billion to subsidise Premium Motor
Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
Businessam StaffDecember 17, 2019
The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to
Nigeria to spend N750.81bn on fuel subsidy in 2020
Businessam StaffDecember 11, 2019
The federal government is expected to spend N750.81bn on petrol subsidy in 2020, latest data from the Petroleum Products Pricing
Fuel subsidy removal will add 4% to global GDP, IMF tells Nigeria, others
Businessam StaffAugust 15, 2019
The International Monetary Fund (IMF) Wednesday reiterated the need for Nigeria and other countries that still retain the policy of
Senate petroleum committee to quiz NNPC over fuel subsidies, 43 modular refineries
Businessam StaffJuly 24, 2019
The upper chamber of Nigeria’s senate has mandated its petroleum committee to invite the ministry of petroleum and the Nigerian
No excuse for continued use of energy subsidies worldwide- Christine Lagarde
Businessam StaffFebruary 11, 2018
Christine Lagarde, the international monetary fund’s Managing Director asserted on Saturday the importance of removing energy