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Tag: fuel subsidy

Petroleum marketers demand lower fees, taxes
News

Petroleum marketers demand lower fees, taxes

The Depots and Petroleum Products Marketers Association of Nigeria has asked President Tinubu to eliminate, reduce, or suspend certain charges and levies until market stability is achieved. Nairametrics reported that this was stated by the Association during a meeting with the president on June 7. The president was given some expectations by the association’s chairman, Dame […]

Nigeria has best return on investments, Tinubu tells Indian investors
Uncategorized

Tinubu meets oil marketers over subsidy removal

Juliet Buna President Bola Tinubu is meeting with major oil marketers at the Aso Rock Villa in Abuja. According to Channels, the oil marketers were led by Governor Dapo Abiodun of Ogun State. The President’s meeting with the oil marketers comes amid the controversy and protests trailing the removal of subsidy on Premium Motor Spirit […]

Why FG should reveal names of subsidy beneficiaries - NLC
News

Why FG should reveal names of subsidy beneficiaries – NLC

The president of the NLC, Comrade Joe Ajaero, has demanded that the names of people and businesses that have received subsidies be made public. According to Nairametrics, he contended that a private limited business like the NNPCL shouldn’t have the power to set fuel pump prices. The NLC President claimed the argument that market forces are to […]

NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

Subsidy: NLC won’t back down on planned strike, says official

The Federal Government, and by extension, the Nigerian National Petroleum Corporation Limited, must act appropriately by returning to the status quo, according to the Nigeria Labour Congress, which has stated that it will not withdraw its intended industrial action for Wednesday. Independent News reported that NLC reaffirmed its stance in a statement released on Sunday by the Head […]

Queues return as IPMAN opposes Tinubu subsidy removal
Policy and Regulations

Subsidy: IPMAN commends FG over approval for private importers

The Independent Petroleum Marketers Association of Nigeria has commended the Federal Government for approving the importation of petroleum products by private firms.   The chairman of IPMAN Enugu Depot Community, in charge of Anambra, Ebonyi and Enugu States, Chinedu Anyaso, said this while reacting to the development in Awka on Sunday, according to the News […]

Logo of the Trade Union Congress
News

Subsidy: FG meets TUC

The Federal Government is in a meeting with the Trade Union Congress at the State House, Abuja, over the removal of fuel subsidy.   The News Agency of Nigeria reported that the TUC Secretary General, Nuhu Toro, made the disclosure while speaking with newsmen on Sunday.   The meeting is a follow-up to the earlier […]

News

Okonjo-Iweala narrates ordeal with fuel subsidy cabal

The current Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has said that the concept of fuel subsidy removal isn’t new as she narrated her ordeal with a fuel subsidy cabal. According to Vanguard, while she served as the Coordinating Minister of the Economy and Minister of Finance, the removal of fuel subsidies […]

Court upholds NMDPRA's authority to impose statutory taxes
Economy

Subsidy: Why FG won’t fix petrol prices again, NMDPRA reveals

By Wilson Adekumola   The Nigerian Midstream and Downstream Petroleum Regulatory Authority has explained the reasons Federal Government would no longer fix prices or release templates for Premium Motor Spirit popularly known as petrol.   The Authority Chief Executive Mr Farouk Ahmed, made this disclosure while addressing newsmen in Abuja on Friday, noting that in […]

BREAKING: NNPCL confirms new petrol pump price increase
Policy and Regulations

Subsidy: Fuel prices will drop naturally, says NNPCL boss

By Wilson Adekumola   The Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, Mr. Mele Kyari, has disclosed that the removal of fuel subsidy would encourage more competitors wherefore, naturally reduce the current price of Premium Motor Spirit, also known as petrol.   Kyari made this disclosure while featuring on Arise TV’s […]

NLC rejects new petrol pump prices
News

NLC rejects new petrol pump prices

The Nigeria Labour Congress has rejected the Nigerian National Petroleum Corporation Limited’s revised pump price for petrol. According to the Daily Trust, the NNPCL has instructed all of its stores to sell petrol for between N480 and N570 per litre. The price change, according to NNPC Ltd.’s Chief Corporate Communications Officer, Garba Deen Muhammad, was decided to […]

Fuel subsidy is gone, Tinubu tells Nigerians
Opinion

Subsidy: Tinubu brought Nigerians tears, sorrow, says NLC boss

Alex Omenye   The president of the Nigerian Labour Congress, Comrade Joe Ajaero has described as insensitive the removal of fuel subsidy by President Bola Tinubu.   “By his insensitive decision, President Tinubu on his inauguration day brought tears and sorrow to millions of Nigerians instead of hope. He equally devalued the quality of their […]