petrol subsidy

4 Minutes

Featured

Nigeria lost $450m to petrol subsidy fraud in six years — Bawa

Akanji Philip June 7, 2025

Abdulrasheed Bawa, the former chairman of the Economic and Financial Crimes Commission (EFCC), says Nigeria lost $450 million to subsidy fraud under the Petroleum Support Fund (PSF) scheme between 2006 and 2012. In...

2 Minutes

Featured

Tinubu’s govt subsidising petrol consumption— Chief Osifo

Akanji Philip October 7, 2023 0 Comment

The Tinubu administration has resumed subsidising petrol consumed in Nigeria because of the high cost of crude and the worsening exchange rate. National President of the Petroleum and Natural Gas Senior Staff Association...

12 Minutes

Featured

Car Battery Maintenance Tips

VAM News June 29, 2023 0 Comment

VOICE AIR MEDIA News Update At the era of fuel subsidy, highlights of car maintenance is needful. Disconnecting your car battery is a relatively simple process. It involves these 5 steps: Turn Off Ignition...

1 Minute

National

BREAKING: House Approves N4 Trillion For Petrol Subsidy

VAM News April 14, 2022 0 Comment

The House of Representatives has approved N4 trillion for subsidy on Premium Motor Spirit (PMS) popularly known as petrol. The approval was sequel to a request by President Muhammadu Buhari for revision of the...

1 Minute

Economy National

Why we’re borrowing more to fund petrol subsidy – FG

VAM News March 16, 2022 0 Comment

The federal government has disclosed that it will use $2.2 billion of the fund raised via eurobond to cater for petrol under-recovery costs. According to the government, it would also target more local borrowing...

1 Minute

National

Breaking: Court Sentenced Former Chairman House Of Rep Ad-hoc Committee On Petroleum Subsidy, Farouk Lawan To Seven Years In Prison

VAM News June 22, 2021 0 Comment

VAM news has learnt that a High Court in the Federal Capital Territory (FCT) has sentenced the former Chairman of the House of Representatives ad-hoc committee on Petroleum Subsidy, Farouk Lawan to seven...

National -3 Minutes

Breaking: NGF Approves Immediate Removal Of Fuel Subsidy, Agrees On New Petroleum Price

VAM News May 20, 2021 0 Comment

A committee set up by the NGF recommended a petrol price of between N408.5 per litre and N380 per litre. It called for immediate removal of fuel subsidy. Earlier, while presenting the report...