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Subsidy Is Back, Rufai Oseni Says, Credits Atiku for Petrol Relief Debate0
Subsidy Is Back, Rufai Oseni Says, Credits Atiku for Petrol Relief Debate Nigerian journalist Rufai Oseni has described the Federal Government-backed 30-day petrol discount at Nigerian National Petroleum Company Limited (NNPC) Retail outlets as a return of fuel subsidy, despite the government’s insistence that the initiative is a commercial price reduction. Speaking on ARISE Television’s
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NNPC Petrol Discount Not Fuel Subsidy, Oyedele Explains0
NNPC Petrol Discount Not Fuel Subsidy, Oyedele Explains The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has clarified that the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail does not amount to a return of fuel subsidy. US Reportedly Schedules Fort Hood Shooter Nidal Hasan’s Execution
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Petrol Prices Likely To Rise As Crude Oil Hits $81 Per Barrel0
- BUSINESS
- January 13, 2025
The recent spike in crude oil prices, particularly Brent crude, which just hit $81.09 per barrel, up from about $76 last week, may result in higher prices for gasoline and other refined petroleum products in the days ahead. Nigeria, where the benchmark oil price was set at $75 per barrel in the 2025 budget proposal,
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N514B Fraud In NNPC, Auditor-General’s office0
Unauthorized deductions of N82.95 billion from federation revenue for refinery rehabilitation, storing N83.66 billion from the federation’s miscellaneous income in a sinking fund account, irregular deductions of N343.64 billion from domestic crude sales at the source, and the unsupported payment of N3.75 billion shortfalls from the sale of gasoline are among the alleged violations. The
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NNPCL Announces Free Cataract Extraction Surgeries In Ogun0
- BUSINESS
- January 6, 2025
In Ogun State, the Nigerian National Petroleum Company Limited (NNPCL) has said that 1,000 cataract extraction surgeries will be provided for free by its foundation. In an effort to improve lives and restore sight, the state-owned oil corporation announced the project in a tweet on Monday. Blindness is preventable. Use this program to have your
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Nigeria: We Took $1bn Loan to Support Dangote Refinery – NNPC0
- BUSINESS
- December 18, 2024
The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial difficulties. NNPC’s Head of Corporate Communications, Olufemi Soneye, made the disclosure during his remarks at the Energy Relations Stakeholder Engagement in Abuja.
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