Fuel Subsidy

Business

CBN Debunks Devaluation of Naira Report

THEWILL. -
The Central Bank of Nigeria (CBN) has denied devaluing the naira contrary to a report in a national newspaper. Dr Isa AbdulMumin, Ag. Director, Corporate Communications of the CBN in a statement issued Thursday described the publication as false and...
News

Fuel Subsidy: Imo Residents Groan As Price Hike Bites Harder, Implore Govt On Regulation

Sampson Uhuegbu -
June 04, (THEWILL) - The hike in price of petrol as a result of the subsidy removal by the Federal Government, has taken a toll on Nigerians, especially Imo State. Transportation fares have been on the rise; as this has...
Editorial

THEWILL Editorial: Fuel Subsidy Removal Has Come To Stay

THEWILL. -
Newly-sworn in Nigerian President, Bola Ahmed Tinubu, had thrown caution to the winds on Monday, 29 May 2023, with his ''fuel subsidy is gone'' declaration during his inauguration speech. But the response that came from most Nigerians...
Headline

FUEL SUBSIDY IS GONE: Why Fraudulent Scheme Must Not Return

Amos Esele, THEWILL -
There is palpable tension in government and public circles, following the fall out of the fuel price increase announced by the Nigeria National Petroleum Company limited, NNPCL, at the behest of the Federal Government, a few hours after President...
News

PDP Expresses Concern Over Removal Of Petrol Subsidy Without Adequate Consultation

Ayo Esan, THEWILL -
June 04, (THEWILL) – The Peoples Democratic Party (PDP) has expressed concern over the quick removal of petrol subsidy and the lack of adequate consultation by the Federal Government before doing so. It, therefore, urged the Federal Government...
Headline

Fuel Subsidy: NUJ to Embark on Nationwide Strike, Protest on June 7

Sam Diala, THEWILL -
June 03, (THEWILL) - The Nigeria Union of Journalists (NUJ) on Saturday said it would embark on a nationwide protest from next Wednesday, June 7, if the Nigerian National Petroleum Company Limited (NNPCL) refuses to reverse the new price...
News

Subsidy: Revert To Status Quo – TUC Tells FG

Aina Ojonugwa, THEWILL -
June 03, (THEWILL) – The Trade Union Congress (TUC) has condemned the sudden removal of subsidy on petrol. Addressing newsmen after its emergency National Executive Council (NEC) meeting in Abuja, on Friday, TUC President, Festus Osifo, urged the Government to...
Headline

Subsidy: Labour Declares Nationwide Strike

THEWILL. -
June 02, (THEWILL) – The Nigeria Labour Congress (NLC), has declared a nationwide strike from next Wednesday. NLC President, Joe Ajaero, made the announcement after an emergency meeting of the union’s National Executive Council (NEC), in Abuja on Friday. He...
News

Fuel Subsidy Removal: NLC Rules Out Strike Action On Friday

Aina Ojonugwa, THEWILL -
June 02, (THEWILL) - The Nigeria Labour Congress (NLC) has described speculations that it has declared a nationwide protest that will begin on Friday, over the recent withdrawal of fuel subsidy by the Federal Government as false. NLC Head...
Business

Naira not Devalued – CBN

Sam Diala, THEWILL -
June 01, (THEWILL) - The Central Bank of Nigeria (CBN) has debunked reports that it has devalued the Naira. A news outlet has reported that the CBN had devalued the naira to N631 to the dollar from N461.6, adding that...
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Latest News

NewsFelix Ifijeh, THEWILL -

Italy-Bound Businessman Intercepted With Cocaine Consignments In Shoe Soles, Bag Railings

Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a Milan-bound businessman with 4.80 kilograms of cocaine concealed in the soles of shoes and the railings of travelling bags at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.
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