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Why Buhari must stop petrol subsidy now – Marketers

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has backed the Federal Government’s plan to remove subsidy on Premium Motor Spirit (PMS), also known...

FG to dump N1.8tr fuel subsidy for N2.4tr palliative

The federal government is planning to spend N2.4tr under a transport palliative scheme to cushion the effect of the planned removal of oil subsidy...

Fuel subsidy disservice to Nigerians, says Gov El-Rufai

Governor Nasir el-Rufai of Kaduna State has said the current fuel subsidy regime is not beneficial to Nigerians. According to the governor, the monthly subsidy...

Subsidy on petrol to hit N3trn, says PPMC

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has said the annual subsidy on Premium Motor Spirit (petrol) will...

FG scraps DPR, PPPRA, establishes 2 new agencies

The federal government has scrapped the Department of Petroleum Resources (DPR), Petroleum Products Pricing Regulatory Agency (PPPRA), and the Petroleum Equalisation Fund (PEF). As specified...

CAC reveals company with highest shares in Nigeria, hails incorporation of...

The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company Limited has made history by becoming the company with the highest share capital...

Omo-Agege tackles Abaribe for misleading Nigerians on PIA

The Deputy Senate President, Ovie Omo-Agege has accused the Minority leader, Senator Enyinnaya Abaribe of misleading Nigerians on the recently passed Petroleum Industry Act...

South-south governors backs Lagos, Rivers to join suit against FIRS on...

Governors of the south-south region say they have resolved to join the suit challenging the Federal Inland Revenue Service (FIRS) on the collection of...

House of Reps refutes report of frosty relationship with Senate

The House of Representatives has denied having a frosty relationship with the Senate over delay in concurrence on bills passed by either of the...

BREAKING: Buhari writes Senate, requests amendment to PIA

President Muhammadu Buhari has written to the Senate, seeking an amendment to the recently enacted Petroleum Industry Act, PIA. Mr Buhari’s letter was read on...

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