Oil Body Spends Millions Daily on Nigeria's Fuel Subsidy
The Nigerian National Petroleum Corporation has said that it currently spends U.S.$2.1 million every day to subsidise petrol and keep the fixed retail price at N145 per litre. Group Managing Director Maikanti Baru has said that the huge fund was as a result of the increasing number of filling stations in communities with international land and coastal borders.
This Day, 5 March 2018
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that the alleged unwholesome activities of cross-border smugglers of petrol in border states across Nigeria… Read more »
Daily Trust, 5 March 2018
The Nigerian National Petroleum Corporation (NNPC) said it insures N774 million every day to subsidize petrol and keep the fix retail price at N145 per litre. Read more »
Guardian, 5 March 2018
The Nigerian National Petroleum Corporation (NNPC) is worried about the proliferation of fuel stations in communities at the nation's borders which has led to an unprecedented… Read more »