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All posts tagged "fuel subsidy"

  • Fuel subsidy: FG to spend N971bn in 2013

    The Federal Government has said it will spend a total of N971bn to subsidise petroleum product consumption this year. The amount is, however, N21bn higher than what was expended on fuel subsidy last year. The government announced...

    • Posted September 25, 2013
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  • Subsidy scam: EFCC secures order to repatriate funds from UK

    Shrewd Nigerian fuel importers who have hidden stolen money in British banks may soon lick their wounds, as the slush funds may be repatriated to Nigeria on the order of the courts. The Economic and Financial Crimes...

    • Posted March 28, 2013
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  • Fuel Subsidy Scam: Court orders IG, others to pay Ubah N10million

    The Federal High Court in Lagos has awarded N10 million in favour of Capital Oil & Gas and its Chief Executive Officer, Mr Ifeanyi Ubah. The sum was awarded as damages against the Inspector General Of Police,...

    • Posted February 18, 2013
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  • ANAN urges FG to handle subsidy removal with caution

      The Federal Government has been advised by the Association of National Accountants of Nigeria (ANAN) to handle the removal of oil subsidy with serious caution and restraint. The advice was issued by the ANAN President, Hajia...

    • Posted November 19, 2012
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  • “Subsidy Remains in 2013…Please Bear With Us” – President Jonathan

    Concerning the contentious issue of fuel queues across the country, the President has asked Nigerians to bear with his administration as the government is struggling to get this right. He however alluded to the fact that part of the...

    • Posted November 19, 2012
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  • Jonathan Commences Campaign for Total Removal of Fuel Subsidy

    President Goodluck Jonathan has moved to totally remove fuel subsidy, the president launched his crusade in Abuja on Thursday, saying Nigeria is not developing because of fuel subsidy. Omitting the gargantuan corruption problem in Nigeria, he said...

    • Posted November 16, 2012
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  • Fuel scarcity, Long Queues, PMS Price Increase to Last until Next Year

    A report from the House of Representatives Committee on Petroleum Resources (Downstream) stated on Wednesday that the persistent fuel scarcity in the country is expected to last until next year.  The report confirmed that one of the...

    • Posted November 15, 2012
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  • Fuel Scarcity Averted as NUPENG Withdraws Strike Threat

    The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has agreed to call off its impending strike following a seven hour discussion with the Federal Government yesterday. The meeting which commenced at 2pm had in attendance, Secretary to...

    • Posted August 24, 2012
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  • Looming Strikes: FG to Meet PHCN, NUPENG for Final Talks Today

    The Minister of Labour is scheduled to meet with union leaders representing PHCN employees and National Union of Petroleum and Natural Gas Workers (NUPENG) today. The Unions are threatening to embark on an industrial action following disagreements...

    • Posted August 22, 2012
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  • President Talks Tough on Subsidy Fraudsters, Vows to Prosecute

    President Goodluck Jonathan has steeled his resolve to ensure the fraudsters unveiled in the Aig-Imoukhuede-led Committee on subsidy claims are made to face the wrath of the law. Last weekend the Presidential spokesman, Reuben Abati, released a...

    • Posted July 6, 2012
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