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Showing posts with label subsidy. Show all posts
Showing posts with label subsidy. Show all posts
Friday, July 11, 2014

$49.8bn oil money not missing —Senate •Rejects bid to remove fuel subsidy

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SENATORS, on Thursday, ratified the report of its committee on Finance, which probed allegations of missing $49.8 billion oil revenue mad...
Tuesday, November 5, 2013

Mismanagement: NNPC Can’t Account For ₦500bn Subsidy Fund – Senate

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The Senate on Tuesday lamented that officials of the Nigerian National Petroleum Corporation failed to honour its invitation to give accou...
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Friday, July 5, 2013

Court Grants N250Million Bail To Alleged Cop Killer Of Subsidy Protester

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A Lagos High Court has granted bail to a Divisional Police Officer, Segun Fabunmi, who was dismissed over the shooting of Adedamola Daram...
Thursday, May 2, 2013

₦98,114,927.39 ($620,000) Fuel Subsidy Bribe: Judge Fails To Rule On Farouk Lawan’s Trial

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Ruling on an application to quash the charges against former chairman of the House of Representatives ad-hoc Committee on fuel subsidy;...
Friday, March 29, 2013

Federal Government has no plan to remove oil subsidy, says Okupe

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The Federal Government stated yesterday that contrary to the speculation in the media that the government was planning to withdraw the re...
Thursday, March 21, 2013

Government Will Continue To Dialogue With You Until You See Reasons Why Subsidy Must Go – Jonathan

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President Goodluck Jonathan has insisted that there is no going back on total subsidy removal. However, he said the government would co...
Monday, February 18, 2013

Nigeria’s Inflation Slows as Effect of Subsidy Cut Falls Away

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Nigeria’s  inflation  rate fell to 9 percent in January as the effect of a year-earlier reduction in fuel subsidies dropped out of the c...
Saturday, February 16, 2013

Fuel Subsidy Scam: Courts Temporarily Freezes Assets Belonging To Son Of Former PDP Chairman

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A Lagos High Court sitting in Ikeja, on Thursday, temporarily froze assets belonging to two oil marketers, Seun Ogunbambo and Mamman Al...
Wednesday, December 19, 2012

Subsidy Fraud: Court grants Abubakar Peters N85m bail

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Lagos – A Lagos High Court on Wednesday granted bail in the sum of N85 million to the Managing Director of Nadabo Energy Ltd., Abubakar ...
Sunday, December 16, 2012

FG Skips Planned Refinery Projects - Jonathan Must Tackle Fuel Subsidy Corruption–Labour

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Eleven months after promising to build three new refineries for the country, the Federal Government may have dumped the plan. Saturday P...
Friday, December 14, 2012

Nigerian Senate Passes N161.6 Billion Supplementary budget for oil subsidy

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The Senate on Thursday, passed the supplementary appropriation bill of N161.6 billion. The amount will serve as payment for fuel subsidy...
Saturday, November 10, 2012

Gov. Fashola Blames Presidency over Delay in Fuel Subsidy Investigation

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Lagos state governor Babatunde Fashola has expressed displeasure over the investigations into the fuel subsidy scandal blaming the preside...
Sunday, October 21, 2012

N888bn enough for 2012 fuel subsidy – Okonjo-Iweala

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Minister of Finance, Dr. Ngozi Okonjo-Iweala | credits: File copy The Federal Government believes it has no compell...
Wednesday, October 3, 2012

Subsidy committee members arraigned over gratification

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Four members of the Presidential Committee on Fuel Subsidy Verification, who allegedly received gratification from the Integrated Oil...