Petrol subsidy

The House of Representatives on Thursday approved the revised 2022 Medium-Term Expenditure Framework (MTEF) sent to it last week by President Muhamadu Buhari. The House also approved N4…

The Minister of State for Petroleum Resources, Timipre Sylva, has said that the decision to suspend the removal of petrol subsidy was to enable the government set up the right structures to…

The decision of the Federal Government (FG) to extend the implementation of the removal of subsidy on Premium Motor Spirit (PMS) by 18 months will adversely affect investments in Nigeria’s…

The Nigeria Labour Congress (NLC), has declared that the lasting solution to the crisis associated with petrol subsidy removal could only be resolved through the construction of new…

For cash-strapped Nigeria, it may not matter if oil prices top $100 per barrel this year, not with a controversial petrol subsidy that is set to gulp N3 trillion ($7.2 billion). “Due to…