An Ikeja Special Offences Court on Tuesday sentenced Mamman Ali and Christian Taylor to 14 years’ imprisonment each over a N2.2 billion oil subsidy fraud. Ali, son of a former National Chairman of the Peoples Democratic Party (PDP), Ahmadu Ali, and Taylor were charged by the Economic and Financial...
fuel subsidy
Energy expert, Dr Ayodele Oni, says the removal of fuel subsidies in Nigeria has had a significant impact on the country’s economy. Oni, a partner at Bloomfield Law Firm, made the assertion in an interview with the News Agency of Nigeria (NAN) on Tuesday in Lagos. According to him,...
Many residents of the Federal Capital Territory (FCT), have continued to lament about the harsh economic policies which they say is impacting their livelihoods negatively. . They spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja. NAN reports that Nigerians have been expressing discontent over the...
The National Chairman of the Social Democratic Party (SDP), Shehu Gabam, says the economic policies of President Bola Tinubu may be his greatest undoing if he tries to be reelected in 2027. Gabam listed some of the unpopular policies of the Tinubu administration including the sudden removal of petrol...
A Peoples Democratic Party (PDP) Chieftain, Sen. Nicholas Tofowomo, has urged President Bola Tinubu to allow local government autonomy and the country’s refineries to function properly before introducing the new tax reforms. The News Agency of Nigeria (NAN) reports that the president had, in October 2024, presented four Tax...
President Bola Tinubu on Monday said he had no regret removing fuel subsidy. The president, who stated this during his first media chat, said fuel subsidy removal was necessary to prevent the country from bankruptcy. The News Agency of Nigeria NAN reports that Tinubu had, during his inauguration as...
By BARBARA KALU, Port-Harcourt – The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of re-streaming the Port Harcourt Refining Company (PHRC), signaling the commencement of crude oil processing from the plant and delivery of petroleum products into the market. On Tuesday, trucks began loading petroleum products...
Chairman, Senate Committee on Finance, Sani Musa, has said more mitigating measures are needed to be put in place to cushion effects of subsidy removal. Musa made the call in a statement on Sunday to clarify his support for subsidy removal and commitment to addressing citizens’ concerns. According to...
The Governor of Anambra State, Prof. Chukwuma Soludo, has stated that Nigeria is undergoing a fundamental and disruptive reset with the removal of subsidies by President Bola Tinubu. Soludo made this remark during Veritas University’s 13th Convocation Lecture in Abuja on Thursday. The lecture, titled ‘Let Us Make a...
By EZEKIEL OBI, Abuja – The Nigerian Coalition of Civil Society Organizations (NICOCSO) has called for immediate probe of cabals insisting on importation on pms and sabotaging local refineries. The National Spokesperson of NICOCSO, Comrade Segun Adebayo, made the call during a press conference on Wednesday in Abuja. Comrade Adebayo...
The Independent Petroleum Marketers Association Of Nigeria (IPMAN) has attributed the recent adjustment in the price of premium motor spirit better known as fuel to the impacts of the deregulation of the sector. “Well, we know now that we cannot call it an increase but rather we can call...
Many residents of the Federal Capital Territory (FCT), have decried increased transport fares, which has limited their movement around the city centre. They told the News Agency of Nigeria (NAN) that one of the greatest challenge they encountered was the non availability of fuel in spite of its increased...
Prof. Kenneth Azaigba has urged President Bola Tinubu to reintroduce fuel subsidy to reduce the sufferings of Nigerians as the country turns 64 on October 1. Azaigba, a professor of History, Federal University Dutse, gave the advice in an interview with the News Agency of Nigeria (NAN) on Sunday...
Order in every credible democracy is a balance of compassion and hard policy choices. The hard choices, often of a reform nature, which confront new leaders only make sense if they are for the common good. Otherwise, a barrage of crushing reforms with no tinge of compassion can suffocate the...
The Nigerian National Petroleum Company Ltd. (NNPCL) has increased the price of petrol from N585 to between N855 and N890 per litre, the News Agency of Nigeria (NAN) reports. NAN correspondents, who monitored the situation in Lagos metropolis, observed that in the midst of ongoing fuel shortages and crises,...
The Federal Government on Monday in Ibadan donated 20 Compressed Natural Gas (CNG) buses to Oyo State Government. The News Agency of Nigeria (NAN) reports that the Chairman of the Pacesetter Transport Service (PTS), Mr Ibrahim Salami, received the buses on behalf of the state government. The gesture was...
The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last nine months. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium...
Renowned Professor of History and African Studies, Toyin Falola, has said President Bola Tinubu led government has failed to address the major triggers for the #EndBadGovernance protests that reverberated in most states in Nigeria earlier in August. The septuagenarian professor at the University of Texas was...
President Bola Tinubu said he took the painful decision to remove fuel subsidy and abolish multiple foreign exchange rates because they had impeded the economic development and progress of the nation. The president said this in a national broadcast on Sunday on the ongoing nationwide protest. He said...