The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that the Federal Government is indeed paying subsidies on imported petrol, despite earlier denials. In a surprising revelation, NNPCL’s Chief Financial Officer, Alhaji Umar Ajiya, disclosed on Monday that the government allows the company to sell petrol at a price below the landing cost, resulting in […]

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The Major Energies Marketers Association of Nigeria (MEMAN) has thrown a fresh spotlight on the controversial issue of petrol pricing in Nigeria. MEMAN announced on Wednesday that the landing cost of petrol, also known as Premium Motor Spirit (PMS), has reached N1,117 per litre, a significant increase from previous estimates. This disclosure reignites concerns about […]

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[DISPLAY_ULTIMATE_PLUS] President Bola Ahmed Tinubu has consistently maintained the position that the fuel subsidy had to go as once beneficial measures had outlived its usefulness.  President Tinubu during his National broadcast to the country maintained that the subsidy cost trillions of naira yearly.  He added that such a vast sum of money would have been […]

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