President Bola Ahmed Tinubu has authorized the Nigerian National Petroleum Company (NNPC) Ltd to allocate the 2023 final dividends due to the federation towards covering the cost of the fuel subsidy. The president has additionally approved halting the 2024 interim dividend payments to the federation to enhance the oil company’s cash flow. Although Tinubu announced…
![[OPINION]: Why Tinubu must restore fuel subsidies now](https://dailycommerce.net/wp-content/uploads/2023/08/Farooq-A.-Kperogi-600x350.jpg "[OPINION]: Why Tinubu must restore fuel subsidies now")
The Kenyan government has reinstated a small subsidy in a bid to stabilise retail fuel prices for the next 30 days, following violent protests that rage for months. According to Reuters, the country’s Energy and Petroleum Regulatory Authority (EPRA) made this known on Monday. It further said that the move was a reversal of government…
Fuel queues have resurfaced across the states in Nigeria as the marketer hoard the product, awaiting the final position of the government on new prices of petrol. Pump price of petroleum motor spirit has skyrocketed across the cities to above N500 per liter following the new government’s Monday announcement of the end to fuel subsidy….
