The International Monetary Fund, on Friday, said for Nigeria’s fuel subsidy removal policy and foreign exchange unification initiative to translate to economic growth and stability, the Federal Government must collect more taxes to fund the national budget and pay public debts. The IMF Africa ...

The Federal Government, on Monday, denied reintroducing the subsidy on Premium Motor Spirit, popularly called petrol, amid the closure of many filling stations nationwide due to various challenges in the downstream oil sector. It also said the pockets of queues observed by motorists in petrol ...

By Ishola Balogun As Nigerians grapple with the hash economic realities occasioned by a number of government policies, former deputy governor of Ogun State, Senator Adegbenga Sefiu Kaka has urged Nigerians to endure the pain, while the government carries out surgical activities to remove the ...

By Victor Ahiuma-Young The National Executive Council, NEC, of the Nigeria Labour Congress, NLC, has endorsed the August 2 nationwide strike and mass protests by NLC over the recent hike in pump price of petrol. In a communique issued at the end of the NEC meeting on Thursday, NEC members ...

Daily Post Staff The removal of fuel subsidy was the last thing many Nigerians anticipated to hear during President Bola Tinubu’s inaugural speech on May 29, 2023. It was an unpleasant awakening. Prior to the announcement, petrol stations throughout the country had purposefully hoarded their ...

The Oyo State Government, on Wednesday, announced a 50 per cent reduction in the fare for the Pace Setter Transport Service to cushion the effect of fuel subsidy removal on the general public. The state Head of Service, Olubunmi Oni, who made this announcement while playing host to the ...

The Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) yesterday in Abuja pledged its support for the Federal Government’s removal of fuel subsidies. The association’s chairperson, Dame Winifred Akpani, who made the disclosure at the end of a meeting with President Bola ...

MORE facts have  emerged on how the Federal Government used  blackmail and other mechanisms and ambushed Organised Labour to suspend its planned strike over the removal of subsidy on Premium Motor Spirit, PMS, commonly known as petrol. Leaders of Organised Labour had Monday night suspended the ...

By Williams Anuku Owing to growing opposition to the fuel subsidy removal by the Federal Government last week, a follow-up meeting has been convened between government officials and executives of the Trade Union Congress (TUC). The meeting is scheduled to hold today, Sunday, at the Chief of Staff ...

The prices of major foodstuffs and other essential goods have started rising in response to the hike in the pump price of Premium Motor Spirit, popularly known as petrol, following the announcement by President Bola Tinubu that the era of subsidy on the product is gone. Tinubu had on Monday ...

By Nsikak Nseyen The Trade Union Congress (TUC) has urged the Federal Government to revert to status quo over its decision to remove fuel subsidy. Mr Festus Osifo, TUC President, spoke while addressing newsmen at the end of an emergency meeting of the congress’s National Executive Council ...

Queues at petrol stations in Abuja grew longer yesterday as consumers continued their effort to obtain the product at old pump price, even as confusion over the take-off date of the full deregulation of the downstream sector of the petroleum industry persisted. While the “subsidy is gone” remark ...

The Asiwaju Bola Ahmed Media Centre, has urged Nigerians to stop panic buying of petroleum product over the statement of President Bola Tinubu on fuel subsidy. The Tinubu media centre made this appeal in a statement issued via its verified Twitter handle on Tuesday. It noted that the President’s ...

By Victor Ahiuma-Young Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has warned the Federal Government not to contemplate the removal of the subsidy on petrol without local refining capacity, in view of its socio-economic implications on businesses and ordinary Nigerians. This ...