The World Bank has said the Nigeria National Petroleum Corporation Limited (NNPCL) has not been transparent on the proceeds from oil subsidy removal. The Washington-based world…
Browsing: Oil subsidy
At the recently concluded Nigerian Economic Summit in Abuja, the former governor of the Central Bank of Nigeria (CBN) spoke virtually as a panellist on Sustainable…
In September 2021, the Nigerian National Petroleum Corporation (NNPC) revealed that it spent N123.73 billion on petrol subsidies. In its report to the Federation Account Allocation…
Mr. Mele Kyari, further explained that the actual cost of importation and handling charges amounts to ₦234 per litre, the government is selling at ₦162 per liter, which amounts to a subsidy of ₦72 per litre bought.
The Nigerian National Petroleum Corporation (NNPC) paid oil marketers ₦5.34bln (about $14mln) for fuel in June, months after it changed its pricing method in an effort…