You searched for Subsidy – Prime Business Africa

Nigerian Govt Pays About N600bn Monthly For Fuel Subsidy – Rainoil CEO

...Mr. President came in May last year, one of the things he said is that Subsidy is gone. And truly subsidy was gone because immediately the price of fuel moved...

Emmanuel Ochayi

7 months ago

Lagos To End 50% Transport Fare Reduction

Business·Latest News·Transport

How Nigeria Could Have Saved Trillions Of Naira By Channeling Subsidy To Public Transport

...Utomi, who in an interview with Prime Business Africa, said subsidy is for production not consumption as was the case with petrol subsidy. Citing an example of how a subsidy...

Victor Ezeja

9 months ago

Business·Latest News

Nigerian Govt, NNPC Refute Marketers, El-Rufai’s Claim of Fuel Subsidy Payment

...In contrast, NNPC emphasized its commitment to covering its import costs without subsidy. The organization’s CEO, Mele Kyari, reiterated, “No subsidy whatsoever.” The controversy surrounding fuel subsidy has persisted despite...

Emmanuel Ochayi

7 months ago

Atiku Urges NASS To Investigate Alleged Secret Petrol Subsidy Payment

...has repeatedly denied that no form of subsidy exists. In a statement on Wednesday, Atiku accused the Tinubu administration of diverting public funds through petrol subsidy, hence the refusal of...

Victor Ezeja

6 months ago

Business·Latest News·Oil & Gas

NNPCL Denies Inflating Fuel Subsidy Payments

...On N2.7tn Fuel Subsidy Claims However, the NNPC in a statement released Monday by its spokesperson, Olufemi Soneye, said it had never inflated its subsidy payment claims with the federal...

Victor Ezeja

5 months ago

Business·Latest News

Power Subsidy Hike To N181bn Sparks Fear Of Electricity Tariff Increase

...not stabilize. Power Subsidy Reaches Record High Government records show that the electricity subsidy has grown significantly over the past few months. In April, the subsidy stood at N140.7 billion,...

Emmanuel Ochayi

2 months ago

Oil & Gas·Opinion

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

At the World Economic Forum in Riyadh, Saudi Arabia, Sunday, Nigeria’s President, Bola Tinubu, argued that subsidy removal saved Nigeria from bankruptcy. Continued payment of subsidy by government would have...

MARCEL MBAMALU

7 months ago

Business·Latest News·Oil & Gas

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

...briefing in Abuja, emphasising the extent of cross-border smuggling driven by the subsidy system. Smugglers Capitalised on Subsidy Loopholes According to Kyari, the disparity between Nigeria’s subsidised fuel prices and...

Emmanuel Ochayi

1 month ago

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·Latest News·Power

Nigerian Govt Spends ₦380bn On Electricity Subsidy- NERC

The Nigerian government incurred an electricity subsidy obligation of ₦380 billion in the second quarter (Q2) of 2024. This was revealed in the Q2 report of the Nigerian Electricity Regulatory...

Victor Ezeja

1 month ago

Finance & Economy·Latest News

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

Nigeria has been warned against heeding the International Monetary Fund’s advice on removing electricity subsidy as that could worsen economic hardship in the country. Prime Business Africa reports that the...

Victor Ezeja

9 months ago

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Subsidy

Nigerian Govt Pays About N600bn Monthly For Fuel Subsidy – Rainoil CEO

How Nigeria Could Have Saved Trillions Of Naira By Channeling Subsidy To Public Transport

Nigerian Govt, NNPC Refute Marketers, El-Rufai’s Claim of Fuel Subsidy Payment

Atiku Urges NASS To Investigate Alleged Secret Petrol Subsidy Payment

NNPCL Denies Inflating Fuel Subsidy Payments

Power Subsidy Hike To N181bn Sparks Fear Of Electricity Tariff Increase

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

Petrol Smugglers Profited N17 Million per Truck Under Subsidy Regime – NNPCL

Nigerian Govt Spends ₦380bn On Electricity Subsidy- NERC

Nigeria’s Hardship Will Multiply If IMF’s Advice On Electricity Subsidy Removal Is Followed, Alaje, Shehu Sani Warn

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