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Removing fuel subsidies: Costs, benefits, and next steps

While the fuel subsidy program, in theory, is a laudable economic incentive for stabilizing the economy, economic observers in Nigeria all. ....

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Anger, Frustration as Fuel Scarcity Lingers Nationwide

Anger, Frustration as Fuel Scarcity Lingers Nationwide
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Fuel Scarcity: NNPC assures Nigerians of sufficient fuel

THE Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of sufficient petroleum products in the country. ....

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PIB and Nigeria's downstream | Tribune Online

PIB and Nigeria's downstream | Tribune Online
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

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NNPC Records $1.2bn Shortfall in Priority Projects Funding

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
The Nigerian National Petroleum Corporation (NNPC) recorded a total shortfall of $1.2 billion in the financing of its priority projects between January and May 2021, latest data from the national oil company has shown.
This is coming as the Senate’s decision to award three per cent to oil-bearing communities may not be the only controversial clause in the Petroleum Industry Bill (PIB).
The Senate in the recently passed PIB, has also restricted the importation of all petroleum products into the country to only players that have local refining capacity.
The NNPC document showed that the entire appropriation for ‘calendarised’ cost recovery and funding for priority projects was $6.43 billion, which was further segmented into $536 million monthly. ....

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