subsidy

The Late 5: NNPC says it spends N774m daily on subsidy, Shehu Sani promises war with El-Rufai, and other top stories

These are the top five Nigerian stories that drove conversation today. Imo state governor, Rochas Okorocha on Sunday the 24 out of the 27 local government areas in the state and God supports his son-in-law to succeed him. Okorocha also debunked that his son-in-law, Uche Nwosu, who also doubles as his Chief of Staff, supervised or ordered... Read More

nnpc, Shehu Sani, subsidy, The Late 5

February 28, 2017

Peregrino Brimah: Osinbajo moves to kill forex subsidy racket run under Buhari leadership

by Peregrino Brimah The quite outspoken former Central Bank Governor, now Emir, HRH Sanusi Lamido Sanusi, SLS II, as quoted in an article in DailyTrust of August 2016 captioned, “FG creating billionaires through forex – Sanusi,” leveled some very strong allegations against the Buhari administration’s central bank foreign exchange policies with grave impact on the nation’s economy. “We have... Read More

Buhari, Forex, nigeria, Osinbajo, Politics, subsidy

January 11, 2017

Opinion: Why is ‘cooking gas’ costly in Nigeria?

by Adedamola The sudden high cost of Liquefied Petroleum Gas (LPG), cooking gas has made the news, compounding what has been a terrible year for many Nigerian’s disposable income. Sadly, there has been no official explanation for the rise. Probably the politicians don’t think it’s worth the stress. It does because the impact would be... Read More

cooking gas, Emefiele, nigeria, nlng, petroleum products, Refineries, subsidy

November 29, 2016

5 things to expect from NCC’s knee-jerk price regulation

It has finally been confirmed that the Nigerian Communications Commission has directed that all telecommunications and Internet Service Providers (ISPs) to raise the floor prices of data to 0.90k/MB from this Thursday, the 1st of December, 2016. It’s only been a little over a year since the NCC magnanimously approved the withdrawal of data floor prices... Read More

#OccupyNigeria, Airtel, data prices, etisalat, Glo, Internet, MTN, ncc, nigeria, ntel, OccupyNCC, sticky, subsidy

October 29, 2016

Farooq Kperogi: The coming petrol price hike and NNPC’s subterfuge

by Farooq Kperogi Another petrol price hike is coming. It’s not a matter of “if”; it’s a matter of “when.” So either brace yourself for it or get ready to fight it. Of course, I’d be the happiest person to be wrong about this. Every petrol price hike follows an unfailingly well-worn pattern in Nigeria.... Read More

Buhari, Cabal, corruption, deregulation, nigeria, Petrol hike, subsidy

September 13, 2016

#30Days30Voices: The government of today has failed | Watch as man laments the cost of fuel

The economy is on a downward spiral, cost of living is soaring and people are losing their jobs daily. That is the fate of poor Nigerians – who still have to purchase fuel at an exorbitant price. On today’s episode of #30Days30Voices, a citizen complains bitterly on the cost of fuel and how the present... Read More

#30days30voices, citizen, economy, effect, Fuel, nigeria, price, subsidy

Simon Kolawole YNaija

Simon Kolawole: Where do we go from here?

If you were a lover of reggae music in the 1970s, you would certainly know “Time Hard”, a hit song by The Pioneers, the Jamaican three-man band. “Every day,” they sang, sonorously, “things are getting worse.” That song was released in 1972. At the time, Nigeria was producing two million barrels of crude oil per... Read More

economy, Forex, Muhammadu Buhari, National Bureau of Statistics, NBS, Niger Delta, Niger Delta Avengers, nigeria, Oil and Gas, Politics, simon kolawole, subsidy

The late 5: These are the stories that drove the conversation today

These are the top stories that drove the conversation today 1. AGF Malami appears before Senate The Minister of Justice and Attorney General of the Federation, Abubakar Malami, has finally appeared before the senate. 2. David Cameron steps down as UK prime minister, Theresa May takes over The Prime Minister of the United Kingdom, David... Read More

Buhari, Fayose, Fraud, IPMAN, Malami, senate, subsidy

Fayose shares his personal number on Twitter | YNaija.com

The YNaija Interview: Buhari is not yet governing Nigeria – Fayose

Ekiti state governor, Ayodele Fayose is as opinionated as he’s controversial. The man who revels in being the ‘oldest serving governor in Nigeria’ has no qualms about issuing a scathing criticism of any politician, political party or government, whenever he has to. As President Muhammadu Buhari marks one year in office, YNaija had a chat... Read More

: Hector Rene Cupich-, #TheYNaijaInterview, Ayo Fayose, Buhari, Ekiti Governor, Fulani herdsmen, government, nigeria, one year in office, president buhari, subsidy

Ladies and gentlemen, fuel scarcity is about to return

by Chi Ibe Oil marketers have still not resumed the importation of petrol despite the sharp increase in its pump price. The Cable is reporting a government source who describes it as “a stab in the back” . To resolve the foreign exchange crisis affecting the Nigerian National Petroleum Corporation (NNPC) as only importer of... Read More

CBN, central bank, Fuel, fuel scarcity, importation, NPC, pump price, subsidy

“Wickedness” | Fayose just basically finished our president

Some apologists of the current government of President Muhammadu Buhari have constantly declared that it just might be too early to judge the success or failure of the former military dictator turn democrat. Governor of Ekiti state, Ayodele Fayose is however, having none of that. Buhari will in four days clock a year in office... Read More

Featured, The News Blog

'Lie', Buhari, Fayose, Federal Government, lai mohammed, Liar, Media, one year, security, spin doctors, subsidy

In a couple of days, plenty of petrol will arrive Nigeria

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has assured that in about 2 days, 10 vessels carrying petrol will arrive the country from the ports despite the scarcity of foreign exchange in the country. IPMAN is not feeling the effects of the scarcity of forex in the country because it gets it credit line... Read More

adeosun, deregulation, Federal Government, IPMAN, Marketers, Oil, petrol, subsidy

Opinion: What rubbish subsidy removal?

ny Stanley Ilechukwu I’ve been listening to all the arguments for and against the “subsidy removal”of the Buhari led government and it’s just hilarious. From that of the current government, whose hand has been forced to execute this “removal” due to the economic backlash necessitated by the uncertainty and the half-thought out policies it has... Read More

Forex, Fuel, oil marketers, PMS, pppra, subsidy, template

Simon Kolawole: Deregulation, monopoly and change

by Simon Kolawole So the fuel price hike strike flopped? Well, President Muhammadu Buhari may have just received a blank cheque from Nigerians to go on with this major surgery on the economy. This is the first time in my life that I have witnessed a fuel price increase that did not lead to popular... Read More

Buhari, economy, fuel price increase, leaders, nigerians, subsidy

‘I did not protest against subsidy removal in 2012’ | Pastor Tunde Bakare has a story to tell you

The General Overseer of the Latter Rain Assembly and close ally of President Muhammadu Buhari, Pastor Tunde Bakare, has fautted the Federal Government for not consulting extensively before removing the subsidy on petrol which skyrocketed the price. Addressing pressmen over the hike in the price of petrol on Sunday, the pastor said the Save Nigeria... Read More

2012, bakare, Economics, government, jonathan, policy, strike, subsidy

‘Nigerians are no longer as corrupt as before’ | Gbajabiamila gave an interview, and we learnt these 14 things

Femi Gbajabiamila is the Majority of the House of Representative and a leading member of the ruling All Progressive Congress. In this interview with Punch this weekend, Gbajabiamila talks about the subsidy removal, corruption and the Buhari administration. Here are 10 things we learnt from the interview: 1) Nigerians are no longer as corrupt as... Read More

Featured, The News Blog

APC, Buhari, corruption, Fuel Price, Gbajabiamila, nigeria, subsidy

Oil marketers demand forex from govt, else…

Following the payment of a total of N48.2 billion as arrears of outstanding 2015 subsidy claims to oil marketers, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has asked the government to make foreign exchange available so they can import fuel. The marketers made their request in a meeting which was chaired by the Minister... Read More

Featured, The News Blog

adeosun, Finance, Kemi, Marketers, Oil, subsidy

Where is the ‘mother of all protests’ Dino Melaye promised in 7 days?

From his stand against the removal of subsidy in 2012, his famous fist fight at the House of Representatives in 2014 which left his clothes in shreds to his unflinching support of the embattled Senate President, Bukola Saraki even when it looked like the senate president was losing the battle, Dino Melaye sure looks like... Read More

Buhari, dino melaye, Federal Government, Fuel Price, Kogi State, nlc, protest, Saraki, subsidy

Reuben Abati: What happened under GEJ, when we tried to get rid of subsidy

This thing called democracy, particularly the Nigerian brand, never ceases to throw up new and intriguing lessons about the relationship between government and the people, and the larger, complex socio-political environment. I had gone to Lagos on an assignment in the last two days of the year 2011, when around midnight I received a phone... Read More

downstream sector, Fuel Price, jonathan, president, regulation, reuben abati, subsidy

Opinion: Not on fuel subsidy, Buhari!

“The royalists of the economic order have conceded that political freedom was the business of government, but they have maintained that economic slavery was nobody’s business.” – Franklin D. Roosevelt, 1936 President Buhari was in faraway London to attend an Anti-Corruption Summit when the British Prime Minister, David Cameron, made a statement that Nigeria and... Read More

Buhari, drown, Fuel, international, Kachikwu, nigeria, Oil, subsidy

Opinion: The APC government is at risk of losing trust

By Stephen Oladapo Trust; the firm belief in the character, strength, or truth of someone or something. Trust can be attributed to relationships between people. It can be demonstrated that humans have a natural disposition to trust and to judge trustworthiness that can be traced to the neurobiological structure and activity of a human brain.... Read More

Featured, The News Blog

APC, deregulation, Fuel Price, PDP, Stephen Oladapo, subsidy, trust

Opinion: Why Nigerians need to support President Buhari in these hard times

by Kolawole Omole I think as Nigerians, we have to be honest with ourselves about the true state of our economy. President Buhari met an economy that was already in comatose. Civil servants were owed salaries, Federal Government was indebted to petroleum marketers, power supply was epileptic, North East was ravaged by insecurity and the... Read More

2016, Abuja, Aso Rock, biafra, budget, Buhari, excess crude, Goodluck Jonathan, nigeria, president, strike, subsidy

Fuel subsidy: FG pays oil marketers off finally

Amidst the controversy that has hitherto surrounded the announcement of the removal of subsidy by the Federal Government, the Minister of Finance, Kemi Adeosun has disclosed that the outstanding N48.2 billion owed oil marketers have been paid off. The Minister revealed this in a statement released on Tuesday, May 17. She said the payment of... Read More

Buhari, Fuel, government, nlc, oil price, regime, strike, subsidy

N145: Senate supports new fuel price

The Nigerian Senate, on Tuesday expressed its support the N145 proposed by th federal government as the new pump price of fuel. According to Premium Times, the senate came to the conclusion following the disclosure of the decision reached executive by an executive session. While announcing the decisions of the executive session, the deputy senate... Read More

Featured, The News Blog

Deputy Senate President, Fuel Price, nigeria, policy, senate, subsidy

Photos from the House of Reps rowdy special session today

The special session of the House of Representative was, on Monday, thrown into a state of rowdiness following the Speaker Yakubu Dogara’s overruling of an objection raised by a People’s Democratic Party lawmaker. The lawmakers had convened to deliberate on the fuel subsidy removed by the federal government last week. See pictures below

APC, FG, House of Rep, Ibe Kachikwu, PDP, subsidy, Yakubu Dogara

Opinion: Feyi Fawehinmi reviews Buhari’s one year of handling the economy

by Feyi Fawehinmi *This is the third of a 3-part series Let us first set out the marking scheme. Anti-corruption carries 15 marks. Security carries 15 marks. The Economy carries 70 marks. To pass this exam, you must score 40 marks at least. Yes, because a bad economy cannot reduce corruption or insecurity — it must necessarily... Read More

2019, Buhari, central bank of Nigeria, economy, Godwin Emefiele, Marketers, markets, nigeria, nnpc, Oil, Osinbajo, subsidy

The NLC will be meeting the government today

The General Secretary of the Nigeria Labour Congress, Peter Ozo-Eson, while speaking to Punch Newspaper on Sunday, May 15 revealed that the Ministry of Labour has invited the NLC for a meeting at the office of the Secretary-General of the Federation. Ozo-Eson said while the NLC will honour the meeting, the only thing that could... Read More

Featured, The News Blog

Abuja, Federal Government, Labour, nlc, strike, subsidy, wabba

Opinion: No nation develops in ease and quiet

As development stories go, no nation develops in ease and quiet. After exertion comes enjoyment and the most massive nations are seared with scars. I am not a religious man but I will say, ‘even though darkness persists for a night, joy comes in the morning’. This has always happened. In South Korea, China and... Read More

2016 budget, deregulation, fiscal Policy, government, subsidy

The Abuja Chamber of Commerce disagrees with the NLC

The Abuja Chamber of Commerce and Industry (ACCI) has reached out to the Nigeria Labour Congress (NLC) to desist from its plan to go on a nationwide strike action on Wednesday, May 18. The NLC has declared its intention to shut the country down on Wednesday if the government fails to meet with it on... Read More

Abuja, acci, Labour, nationwide, nlc, strike, subsidy, wabba, Work

NLC says you guys should stockpile food in preparation for national shut down

The National Labor Congress, NLC and the Trade Union Congress, TUC have been breathing fire out of their mouths since the Federal Government announced the removal of the subsidy on petrol. The unions had announced that a nationwide strike action would be carried out on Wednesday, May 18 to protest against the seeming insensitivity of... Read More

Buhari, Fuel, government, Labour, Oil, subsidy, TUC, union, wabba

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