subsidy

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The Nigerian government is to pay the sum of N1.6 trillion as subsidies for electricity consumers in 2024, as the Nigerian Electricity Regulatory Commission (NERC) reviews existing tariffs to avert adverse impact of additional charges on…

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The Nigerian Government has said a new minimum wage regime would come into effect on April 1, 2024. The Minister of Information and National Orientation, Idris Mohammed, who disclosed this in Abuja, said the current N30,000 minimum wage…

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The Oyo State Government has stepped up its palliative distribution drive as the 15-man Committee on Sustainable Action for Economic Recovery (SAfER) set up by the Governor, has assured residents that it would start disbursement of…

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The Lagos State Government is calling on residents to be safety conscious in the process of converting petrol to Gas for domestic use. The call follows the recent removal of subsidy payments on petrol in the country, which has led to a…

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Oil marketers are currently converting some of their trucks from supplying fuel, to provide Compressed Natural Gas (CNG)in order for vehicles which run on CNG to access the product nationwide. According to reports, 800 tankers…

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The Depot and Petroleum Products Marketers Association of Nigeria (DAPMAN) says it will donate Compressed Natural Gas compliant buses worth N10 billion to boost Nigeria’s mass transportation network. Chairperson of the association, Mrs…

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The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to probe the $2.1bn and N3.1tn subsidy payments allegedly missing and unaccounted for between 2016 and 2019. SERAP made the call in a statement…

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Prices of Premium Motor Spirit, PMS, popularly called petrol has hit N560 in Kano state north Western Nigeria. This follows the official announcement of the end of fuel subsidy payment by the newly sworn in president of Nigeria,…

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Oil marketers have asked the Federal Government to implement a transition plan in preparation for fuel subsidy removal after May 29. At the just-concluded Nigerian International Energy Summit in Abuja, the former Chairman of the Major Oil…

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The Nigerian National Petroleum Company Ltd. (NNPCL) has disclosed that the amount being spent as subsidy on Premium Motor Spirit (PMS), popularly called petrol, had crossed N400 billion monthly. Malam Mele Kyari, NNPCL’s Group Chief…