[Namibian] Lionel Matthews, who was recently appointed as interim managing director of the state-owned National Petroleum Corporation of Namibia (Namcor), said he declined to take up the top position because of potential damage to his brand and family as a result of "falsehoods and media sensationalism".
Posts
[ANGOP] Luanda -- Angola is currently carrying out a gradual removal of the fuel subsidies, whose aim is to cut off State subsidies on petrol and diesel by 2025, the country's Finance minister, Vera Daves de Sousa, said Thursday, in Luanda.
[ANGOP] Luanda -- A litre of petrol will cost, as of this Friday, with the entry into force of the new rate, that is 300 kwanzas (USD 0,51) per litre, against the previous 160 Kwanzas (roughly USD 0,27).
[Vanguard] The Nigerian National Petroleum Company Limited, NNPCL said a total of 1.8 billion litres petrol are available, adding that the fuel queues being witnessed across the country will not exceed Saturday (3rd June).
[Premium Times] "That means by law, the subsidy regime was gone by 17 February 2022. But of course, the government can always decide to spend on its citizens, in the manner that it wants," an official said.
[Vanguard] Mr Victor Akande, a Member of the Lagos State House of Assembly representing APC-Ojo I, has urged Nigerians to endure the pains of the recent announcement of subsidy removal by President Bola Tinubu.
[Leadership] The Coalition of Northern Groups (CNG) has said the Nigeria Labour Congress (NLC) has developed a penchant over the years for mass public deception over issues of serious national importance.
[Premium Times] The lawmakers asked the federal government to, among other things, purchase natural gas-powered buses to mitigate transport fare hike.
[Premium Times] "We are faced with a very tricky situation; if we continue with the subsidy, it has the potential to pull down the economy completely the way it is going," Mr Yusuf said.
[Premium Times] "There was subsidy in 2022 but in 2023, not a single naira was provided for the purpose of financing the subsidy."
get in touch
ADDRESS:
Drillplus Resources Limited
Suite 910, 9th Floor
Western House
8-10 Broad Street
Lagos
CALL US:
Tel: + 234 805 979 2044
Latest Industry News
- Nigeria: Deep Offshore Incentive Order Will Accelerate Investment, Production Growth – – NNPCAugust 14, 2026 - 7:10 am
- Liberia: Lippru Heads to Major Africa Energy Forum, Plans to Push Regional Fuel Reforms, Retail ModernizationAugust 14, 2026 - 12:40 am
- Nigeria: Nigeria Offers Tax Breaks to Lure $50b in Offshore Oil ProjectsAugust 13, 2026 - 7:04 pm

