Archives Tag: petroleum subsidy
4 Ways the Petroleum Subsidy Removal Will Affect Real Estate in Nigeria
April 19, 2022
The Federal Government’s removal of its decades-long subsidy on petrol has had a ripple effect on most aspects of the country’s economy. Businesses, seeking to pass on at least some of the extra operating costs caused by an increased fuel price, have in turn raised the price of their products and services. Read more … Continue reading 4 Ways the Petroleum Subsidy Removal Will Affect Real Estate in Nigeria
FG Approves N407b Fuel Subsidy Claims
April 19, 2022
The Federal Government has officially approved the payment of the N407 billion owed to fuel marketers, Reuters reports. Federal Minister of Finance, Kemi Adeosun, in a statement, cited that the payment was being made following a directive from President Muhammadu Buhari on immediate payment. The payment notably includes arrears in payment from 2014 as well … Continue reading FG Approves N407b Fuel Subsidy Claims
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