Nigeria’s Federal Government has postponed the planned removal of subsidy on petroleum products till further notice. Minister of Finance, Budget and Economic Planning, Hajia Zainab Ahmed, announced the development at a meeting held on Monday at the National Assembly. The meeting was convened at the instance of the President of the Senate, Ahmad Lawan. It […]
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Nigeria’s Vice President Yemi Osinbajo is currently presiding over the National Economic Council NEC meeting at the Presidential Villa, Abuja, where a good number of state governors are in attendance. Before the meeting kicked off, the vice president launched the Nigeria COVID-19 Action Recovery and Economic Stimulus NG-CARES Program. The program is being funded under […]
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The Nigerian National Petroleum Corporation (NNPC) has said that it loses N774 million daily on under-recovery due to the increase in petrol consumption in the country. The corporation has refused to use the term subsidy in reference to how much it spends in keeping the official price of petrol at N145 at filling stations, although […]
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