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….
Tag: petrol subsidy
Tinubu’s govt subsidising petrol consumption— Chief Osifo
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…
Car Battery Maintenance Tips
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…
BREAKING: House Approves N4 Trillion For Petrol Subsidy
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…
Why we’re borrowing more to fund petrol subsidy – FG
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…
Breaking: Court Sentenced Former Chairman House Of Rep Ad-hoc Committee On Petroleum Subsidy, Farouk Lawan To Seven Years In Prison
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…
Breaking: NGF Approves Immediate Removal Of Fuel Subsidy, Agrees On New Petroleum Price
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…