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All posts tagged "Subsidy Payments"

  • Okonjo-Iweala decries N232bn fraudulent subsidy claims

    The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has decried the N232bn ($1.5bn) overpayments made to “fraudulent” oil marketers. Okonjo-Iweala, who is also the Coordinating Minister for the Economy, made the plan known at the meeting of the...

    • Posted August 17, 2013
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  • FG approves 40 firms for Q3 petrol importation

    The Federal Government has given approval to 40 companies to import 3.4 million tonnes of petrol in the third quarter of the year, according to a report by Reuters. However, it reported that the list of fuel suppliers...

    • Posted July 25, 2013
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  • FG Settles Marketers Subsidy Arrears

    The Federal Government has initiated steps to commence the settlement of the payment of the subsidy arrears due petroleum marketers involved in fuel importation. The move came after petroleum marketers under the aegis of Depot and Petroleum Product...

    • Posted July 27, 2012
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