Petroleum Subsidy

Petroleum Stakeholders Outline Strategies For Post-subsidy Era

Stakeholders in Nigeria’s midstream and downstream petroleum sectors have urged the Federal Government to outline strategies for a sustainable future in the downstream sector. The appeal was made during a virtual online workshop on Friday in Lagos with the theme...

Petrol Subsidy Payments Hit N2.04tr in Seven Months

The Nigerian National Petroleum Company (NNPC) Limited says it deducted N448.78 billion in July to cater for subsidy payments. The company said in its monthly presentation to the federation account allocation committee (FAAC) meeting on August 24th, 2022. The figures showed...

Petroleum Subsidy Grosses N120bn Monthly

BEVERLY HILLS, March 25, (THEWILL) - The Nigerian National Petroleum Corporation (NNPC) says it pays N120 billion every month to subsidise Premium Motor Spirit (PMS), popularly known as petrol. NNPC Group General Manager (GMD), Mele Kyari, disclosed this at the weekly...
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Tinubu Flags Off $3.5bn Bakassi Deep Seaport, Targets Lagos Port Congestion

The President, Bola Ahmed Tinubu has flagged off the construction of the $3.5 billion Bakassi Deep Seaport in Cross River State, describing the project as a strategic investment that will reduce pressure on Lagos ports and reposition Nigeria’s maritime industry.
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