Nigerian Senate calls for immediate suspension of plans to remove subsidy on electricity
The Nigerian Senate has called for the immediate suspension of plans by the Executive to remove subsidy on Electricity which would result in an increase in tariffs, describing the move as retrogressive and ill-timed. The Upper Chamber also mandated its Committee on Power to investigate the over N2 trillion subsidy requirement as alleged by the […]
NNPC denies having dispute with independent petroleum marketers over an alleged subsidy on PMS
The Nigerian National Petroleum Company (NNPC) Limited has denied that it had a dispute with independent petrol marketers over an “alleged subsidy” on Premium Motor Spirit (PMS). There were reports that fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria clashed with the NNPC over whether the government was still paying […]