Tag: fuel subsidy

The lawmakers said a committee’s report missed a crucial issue.

“Where is NNPC getting the money with which it is subsidizing petrol with N26 per litre?

The government admits the landing cost for petrol is N171 a litre as against N145 pump price, yet denies subsidy ...

The two unions threatened an indefinite strike over delay in the payment of N800 billion subsidy arrears to oil marketers.

The marketers said the non-payment was also affecting Nigerian banks.

Capital Oil said NNPC was also owing it a lot of money and reconciliation of figures would be done.

The defendant was first arraigned by the Economic and Financial Crimes Commission in November 2012.

The Senate also alleged that 100 litres of petrol was missing.

Adaoha Ugo-Nnadi was sentenced to 10 years in jail.

"Setana Energy was not referred to any Law Enforcement Agency (EFCC, SFU, or DSS) for further investigation," the firm said.

The convicts defrauded the federal government of hundreds of millions of naira.

The deceased and others are accused of fraudulently receiving N1.1 billion subsidy funds.

The convict fainted on Friday before she could be sentenced.

The defendants were convicted on an eight-count amended charge of fraud.

A third defendant was discharged by the court.

The labour union says the forex crisis justifies its opposition to the deregulation of the fuel subsidy.

The price of wholesale diesel will also go down by 6.3 per cent, the government says

Mr. Oshiomhole recalls how he challenged past government’s attempt to increase fuel prices.

The former governor of Lagos State says the administration has made provisions to cushion the impact of fuel price hike.

Labour officials managed to keep a number of offices shut.

A strike called by the Nigerian Labour Congress to protest petrol price increase is underway.

A labour official says the Buhari administration cannot expect labour to obey the same Industrial Court the government disobeyed.

The party appeals to organised labour not to embark on strike over fuel price hike.

Mr. Umana says at N145 per litre, petrol price in Nigeria is still about the lowest in West Africa.