Redirect Subsidy Savings to Infrastructure - Expert Urges FG
Economist Dr. Muda Yusuf advocates for transparent investment of subsidy removal funds into roads, power, and social infrastructure to boost Nigeria's economy.
Category : Search result: petroleum subsidy
BP Profit Surges to $2.7B as Oil Prices Soar
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
Fuel Price Surge: ₦200 Extra Per Litre in Nigeria
Nigerians are facing another petrol price hike as filling stations across the country implement additional charges of ₦200 per litre, worsening the ongoing fuel crisis and economic hardship.
Fuel importers warn Tinubu over 15% tariff crisis
Nigerian fuel marketers demand President Tinubu address 15% NAC tax or face nationwide fuel price increases. Coalition warns of economic consequences.
Dangote Refinery Hits 70M Litres, NNPC Cuts Petrol Prices
Nigeria's energy sector experiences major transformation as Dangote Refinery achieves massive production capacity while NNPC implements nationwide fuel price reductions, bringing relief to millions of Nigerians.
Tinubu's 15% Petrol Tax Sparks Marketers' Outrage
Nigerian petrol marketers react strongly to President Tinubu's new 15% import tax policy, warning of severe consequences for fuel prices and economic stability across Nigeria.
Imported Petrol Cheaper Than Dangote Refinery in Nigeria
Nigerian fuel market experiences dramatic shift as imported petroleum products undercut Dangote Refinery prices following President Tinubu's tariff reforms. Discover how this price war is reshaping Nigeria's energy landscape.
NAPS Supports Dangote Refinery: Energy Revolution
The National Association of Polytechnic Students declares full support for Dangote Petroleum Refinery, urging Nigerians to embrace this monumental achievement in energy independence.
CSOs Praise FG's 15% Fuel Import Levy
Nigerian civil society organizations are applauding the Federal Government's strategic 15% tariff on imported refined petroleum products, hailing it as a game-changer for local refining capacity and economic growth.
Tinubu gets voter backing on fuel import duty
Key voter advocacy groups throw weight behind President Tinubu amid 15% fuel import duty debate, signaling crucial political backing for economic reforms.
Fuel Price Shock: Petrol Hits N889/Litre in Nigeria
Nigerians face mounting anxiety as depot owners implement sharp petrol price increases, with costs reaching N889 per litre amid distribution challenges and economic uncertainty.
Dangote Vows No Fuel Queues During Christmas
Dangote Petroleum Refinery promises uninterrupted supply of Premium Motor Spirit and diesel during Christmas season, addressing fuel scarcity concerns across Nigeria.
OPEC to Increase Oil Production by 500,000 Barrels Daily
OPEC+ agrees to boost oil output by 500,000 barrels daily starting January 2024, potentially impacting global oil prices and Nigeria's economic outlook.
Tinubu's 15% fuel import duty sparks economic debate
A prominent advocacy group defends President Tinubu's controversial 15% import duty on fuel, calling it a strategic move toward economic independence and local refinery growth.
Tinubu's ₦15 Fuel Levy Praised as Job Protection Move
Nigerian economic experts applaud President Tinubu's strategic ₦15 fuel import levy, calling it a revolutionary move to safeguard local jobs and boost economic sovereignty
5% Fuel Surcharge Starts November 1 - FIRS
Nigerians brace for increased fuel costs as FIRS Chairman Taiwo Oyedele reveals new 5% import surcharge implementation timeline and tax reform plans.
Fuel Tax Delayed Until Naira Recovers, Oil Prices Fall
The Nigerian government delays controversial fuel tax implementation until economic conditions improve. Tax Chairman Taiwo Oyedele reveals the strategic pause awaiting naira appreciation and falling oil prices.
FG imposes 15% tariff on imported fuel, prices to rise
Nigerians face higher fuel costs as Federal Government introduces 15% levy on imported petroleum products. Learn how this tariff will impact petrol and diesel prices across the country.
Petrol May Hit ₦1,163/Litre in New FG Plan
Nigerians brace for tougher times as the Federal Government's new petrol tariff could push pump prices to unprecedented levels while aiming to generate massive revenue.
Fuel Tanker Crash in Ibadan - 33,000 Litres Spill
A major disaster was narrowly avoided in Ibadan when a petrol tanker loaded with 33,000 litres of fuel crashed in the Ologuneru area. Emergency services responded swiftly to prevent explosion and environmental contamination.
APC's Emami Warns Against 15% Fuel Import Tariff
Prominent APC leader Henry Emami raises urgent concerns about Nigeria's planned 15% fuel import levy, predicting severe economic consequences including higher transportation costs and increased inflation for ordinary Nigerians.
Tinubu imposes 15% tariff on imported fuel
President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.
Tinubu Cuts Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost Nigeria's energy sector.
Tinubu Cuts Fuel Import Duties - Price Impact
In a major economic move, President Bola Tinubu has approved a 15% import duty reduction on petroleum products. Discover how this decision could affect fuel prices across Nigeria.
Tinubu Slashes Petrol Import Duty to 15%
In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
Nigeria loses N6tr yearly to opaque oil deals - NEITI
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Oil Marketers Warn Against Monopoly in Nigeria
Major petroleum marketers in Nigeria are raising concerns about market dominance and calling for transparent access to facilities to ensure fair competition in the downstream oil sector.
Students Demand Full Crude Allocation to Dangote Refinery
Nigerian student groups are urging President Tinubu to prioritize domestic refining by allocating all crude oil to Dangote Refinery, promising cheaper fuel and economic revival.
Students Demand Local Crude Allocation to Refineries
Nigerian students unite in calling for domestic crude oil allocation to boost local refining capacity and tackle fuel scarcity crisis.
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