Tag: subsidy

Lagos unveils plan to tax remote workers to generate N200bn
News

Hardship: Lagos restores 25% transport subsidy

The Lagos State Government has announced that a 25% fare reduction will be restored for all state-managed transport services as of tomorrow, Friday, February 22, 2024. According to the Times, a tweet on the Lagos State Government’s official X account indicated that “Governor Babajide Sanwo-Olu made this news on Thursday during a press briefing with […]

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Subsidy: FG owes NNPCL N4.207trn, says spokesman

    The Federal government has accumulated a debt of N4.207 trillion to the Nigerian National Petroleum Company Limited, NNPC Ltd, due to months of outstanding petrol subsidy payments. According to Vanguard, this was disclosed by the NNPC’s spokesperson Olufemi Soneye. Soneye, the Chief Corporate Communications Officer of NNPC, issued a statement in Abuja revealing […]

NUPENG threatens strike in Lagos over tanker drivers' safety
Oil and Gas

Diesel price to hit N1,500 in two weeks – Marketers

The pump price of diesel is projected to reach N1,500 from the current N800 within the next two weeks. The Natural Oil and Gas Suppliers Association made this known on June 14, 2022 during a media briefing in Abuja, Nairametric reports confirmed. According to them, the cost of diesel will hit the roof if nothing […]