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<b>Nigeria</b> says spent $1.2 bln on <b>fuel subsidy</b> so far this year
ABUJA, June 18 (Reuters) - Nigeria has spent a total of 192.5 billion naira ($1.2 billion) on subsidy payments to 19 fuel importers so far this year, the finance ministry said on Tuesday. Finance Minister Ngozi Okonjo-Iweala is trying to limit the ...
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PIB Debate, Oil Theft Stagnate Activities in Oil Industry
While 2012 was characterised by a beehive of activities in the Nigeria's oil and gas sector, which actually started with the failed attempt by the federal government to remove petrol subsidy at the beginning of the year, the debate over the Petroleum ...
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<b>Fuel Subsidy</b> - FG Pays N192.5 Billion to Marketers
A statement from the Federal Ministry of Finance yesterday indicated that N56.8 billion out of the total was settled in respect of fuel subsidy claims for 2013 while N132.69 billion was in respect of verified 2011 and 2012 arrears. ... Economy and ...
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<b>Fuel Subsidy</b>: FG Pays N192.5bn To Marketers
The federal government said it has settled a total of N192.5 billion fuel subsidy claims to oil marketers so far in 2013. A statement from the Federal Ministry of Finance yesterday indicated that N56.8 billion out of the total was settled in respect of ...
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Leadership Newspapers
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Leadership Newspapers
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Auto stakeholders want govt to remove <b>subsidy</b> on PMS
He also said that poor PMS imported was the reason why the multinational oil companies had failed to participate in fuel importation in Nigeria, since they could not compromise their business. According to him, total removal of petroleum subsidy regime ...
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<b>Subsidy</b> On <b>Petroleum</b> Products Cannot Be Sustained – Igwe
Mr Chris Igwe, MD/CEO Mainland Oil and Gas Limited in this interview with CHIKA IZUORA spoke on the petroleum industry bill, probe of oil subsidy funds, challenges facing indigenous oil companies in the downstream oil sub-sector, among others. What Is ...
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Court awards N4m against <b>Nigeria</b> police for shooting <b>fuel subsidy</b> protesters
An Ikeja High Court on Friday awarded N1 million compensation to each of the four protesters who were shot by a police officer during the January 2012 protest against the removal of fuel subsidy. The court awarded the compensation in its judgment on a ...
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Premium Times
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Premium Times
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Home » News » <b>Fuel Subsidy</b> Removal: Should FG Heed IMF Warnings?
The International Monetary Fund (IMF) has continued to give advice on the need to remove fuel subsidy with a view to guard against the collapse of Nigeria's economy in the near future. The recent oil subsidy scandal exposed the fact that Nigeria's oil ...
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Indonesia's finance minister makes pledge on <b>fuel subsidies</b>
Like other large emerging markets such as Nigeria and Venezuela, Indonesia's hefty fuel subsidies are propelling demand but depleting the state budget, adding to worries about financial stability. Mr Yudhoyono, who has come under attack for his ...
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<b>Subsidy</b> 'Thieves' May Return to Loot - Senate
Nigeria: Subsidy 'Thieves' May Return to Loot - Senate. By Hamisu Muhammad, 12 June 2013. Subsidy 'thieves' that benefited in the 2011 fuel importation scandals are still hanging around, strategising how to come back, the Senate Committee Chairman on ...