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FG’s Daily Fuel Subsidy Drops To N516m

The Federal Government’s daily spending on subsidy for imported petrol has further crashed to N516 million 350 more words


Gov Oshiomhole comes hard on Okonjo Iweala over false subsidy claims by oil marketers

Edo state governor, Adams Oshiomhole yesterday came hard on the Minister of Finance and Coordinating Minister for the Economy, Ngozi Okonjo-Iweala over the lingering fuel scarcity and her claims that oil marketers were presenting fraudulent oil subsidy claims for payment. 349 more words



By Ibrahim Adejumoh

It is no gain saying that former Central Bank of Nigeria gaffer now Emir of Kano, Sanusi Lamido Sanusi has seen it all when it comes to the scourge (corruption) that has been ravaging the country and prevented her from utilising her enormous potentials for wholesome and holistic development. 2,339 more words

Contemporary News

Third Quarter Fuel Import Drops To 1.7m Tonnes

The federal government has scaled down the number of companies approved for petroleum product imports for the third quarter of the year.
During the quarter, only 27 companies were given allocation to import 1.7 million tonnes of fuel as against about 40 companies which were licenced to import…

FG Playing Pranks With Actual Subsidy Figures – PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said the federal government (FG)’s promises to create jobs through the efforts of the Subsidy Reinvestment Programme (SURE-P) has not yielded much dividends. 12 more words

Senate Committee Says $49.8bn Oil Funds Not Missing

House Chamber
The Senate Joint Committee on Finance has said that contrary to claims by suspended CBN Governor, Sanusi Lamido Sanusi, there is never any unremitted $49.8 billion. 18 more words

EFCC recovers N4.3 billion from fuel subsidy suspects – Lamorde

Mr Oluwaseun Ogunbambo, One of the Fuel Subsidy scamsuspects
The Economic and Financial Crimes Commission, EFCC, said it has recovered money from some of the suspects that duped Nigeria of hundreds of billions of naira in the petrol subsidy scheme. 6 more words