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The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/liter,...
Petrol Subsidy Gulps N6.88tn Refineries consume $2.9bn President Muhammadu Buhari led admission has spent over N16.9tn on the importation of not less than 132.24...
The latest data on the amount spent on subsidizing Premium Motor Spirit, popularly called petrol, revealed that the government spent N1.593tn between January and June 2022...
The executive governor of Imo State, Hope Uzodimma, says the country will continue to rely on the Central Bank of Nigeria (CBN) to secure the country’s...
The Nigerian National Petroleum Company Limited is to deduct N242.53bn as subsidy on Premium Motor Spirit, popularly called petrol, from the Federation Account this month. Although...
The Country Director, World Bank, Shubham Chaudhuri, says Nigeria’s decision to postpone the full deregulation of the downstream sector of the petroleum industry by 18 months...
As the Federation Account Allocation Committee meets for the first time in 2022 on Wednesday, there are significant indicators that state and federal governments are once...
Nigerians will spend about N6.732tn on the purchase of Premium Motor Spirit, popularly called petrol, within a period of 12 months once the Federal Government stops...
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this...
With the Federal Government leaving the pump price of Premium Motor Spirit (petrol) unchanged in the first five months of this year despite the increase in...
