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Is Nigeria Subsidising Fuel Consumption in West Africa?

Is Nigeria Subsidising Fuel Consumption in West Africa?

2018: The Nigeria Energy Industry in Retrospect

For millions of power consumers in Nigeria, year 2018 can be described as one of dashed hopes and failed expectations as energy vendors battled...

Nigeria: NNPC Withdraws $1.05b from NLNG Fund

The Nigerian National Petroleum Corporation (NNPC) has explained why it withdrew $1.05billion from the Nigeria Liquefied Natural Gas (NLNG) dividend account, stressing that Section...

Nigeria: NNPC Spends N623.16bn on Fuel Subsidy in 11 Months

Despite claims to the contrary, the Nigerian National Petroleum Corporation (NNPC) has reported to the Federation Account Allocation Committee (FAAC) that it spent N623.16...

FG Votes N305bn for Petrol Subsidy in 2019 Budget Proposal

The vexed issue of subsidy for petrol was a significant part of President Muhammadu Buhari’s presentation of 2019 financial estimates to the National Assembly...

Nigeria: Unbudgeted Subsidy Payments, House Committee Summons NNPC GMD, Finance Minister

The Minister of Finance, Mrs. Zainab Ahmed, and the Minster of State for Petroleum, Dr. Ibe Kachikwu, have been summoned to appear before a...

Nigeria: Oil Marketers Issue Seven-day Ultimatum to FG to Pay N800bn...

Oil marketers on Sunday in Lagos gave the federal government a seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would...