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Subsidy is back - IPMAN

Chairman Independent Petroleum Marketers Association of Nigeria IPMAN Rivers State, Dr. Joseph Obele, has said following the consistent increment in the price of Crude oil, it is obvious Federal Government has Intervened by closing the price gap in the landing

Subsidy Removal: FG Reduces Work Days

Reports gathered that Following the hike in the price of petrol on account of the removal of subsidy, a Federal Government agency, the Public Complaints Commission, has mulled work from home for its workers. This was contained in a memo signed by the secretary

FG suspends planned removal of fuel subsidy

The Federal Government has suspended plans to remove fuel subsidy by June this year. Minister of Finance, Budget and National Planning, Ahmed Zaniab gave the indication on Thursday, shortly after the National Economic Council, NEC, meeting, chaired by the

FG suspends planned removal of petrol subsidy

The federal government has suspended its plan to remove petrol subsidy later this year. This was confirmed by Minister of Finance, Hajia Zainab Ahmed when she appeared before National Assembly members on Monday January 24. Ahmed who noted that the timing was

Subsidy: NLC to begin nationwide strike Wednesday

The Nigeria Labour Congress will embark on a nationwide strike on Wednesday next week. The congress said the strike action would be implemented if the Nigerian National Petroleum Company Limited fails to reverse the new pump price for the Premium Motor Spirit

How Nigeria's Fuel Subsidy Shock Jolted Cameroon's Economy

In Cameroon, the unintended consequences of Nigeria's fuel subsidy withdrawal ripple across the beleaguered Anglophone region. WHAT HAPPENED TO CAMEROON'S REFINERY? On the night of 29 May, 2019, the lone petroleum refinery in Cameroon was struck by a massive

Fuel subsidy: NLC, TUC suspend planned nationwide strike

The Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, have suspended the planned nationwide strike over fuel subsidy removal. The Chief of Staff to the President, Femi Gbajabiamila disclosed this on Monday night after a meeting between the federal

"Fuel subsidy is gone" - President Tinubu declares

In his inaugural address at Eagle Square, Abuja, President Bola Tinubu declared the removal of subsidy on petroleum products, highlighting his administration's focus on economic growth and reform. Shortly after being sworn in as the 16th President of Nigeria

IMF confirms return of petrol subsidy under Tinubu

The International Monetary Fund (IMF) has said the Nigerian government has resumed the payment of subsidies on the premium motor spirit (PMS), otherwise known as petrol. Recall that on May 29, 2023, during his swearing-in speech, President Bola Tinubu announced

Subsidy removal: Edo govt reduces school days to three

As part of measures to cushion the effect of the removal of petrol subsidy, the Edo State Government reduced the number of days for operations at public basic and junior secondary schools in the state from five to three beginning from June 13. The Chairman

Tinubu Reveals When Nigerians Will Get Fuel Subsidy Palliatives

President Bola Ahmed Tinubu has said Nigerians will soon get palliatives to cushion the effect of the fuel subsidy removal. The Nigerian leader made the disclosure on Wednesday when he received Class of 1999 Governors in the Council Chamber of the State House

Buhari explains why he ignored advice to remove fuel subsidy

President Muhammadu Buhari has explained why he ignored advice from International Monetary Fund (IMF), World Bank and other leading economists to remove the fuel subsidy. In an interview he granted Bloomberg, Buhari said western allies are now learning that
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