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Tag: Subsidy

Buhari Is Giving Cabal Billions Through Forex Subsidy, Creating Billonaires, Emir Sanusi Says

The Emir of Kano, Sanusi Lamido Sanusi II, has stated that the practice of letting Nigerian businessmen buy dollars at official rates and then resell...

BREAKING: Nigeria Removes Fuel Subsidy As It Slashes Fuel Price To N85/Liter

NewsRescue note: With the cheap price of fuel, much cheaper than water, even with removing the subsidy there is still mark-up on the sale price of...

Buhari To Remove Fuel Subsidy: Proceeds To Fund Free Education, Social Welfare

ABUJA—President Muhammadu Buhari plans to totally remove fuel subsidy and use the proceeds for the provision of free and compulsory primary/secondary...

“Diezani $ Billions Robbery” Via Kerosene Subsidy Part Of “Missing $20 Bn” – Emir Sanusi – NewsRescue.com

Former Governor of the Central Bank of Nigeria and current Emir of Kano, Lamido Sanusi, says the issues surrounding the missing $20bn ‘unaccounted...

Documents: Yar’adua Blocked OBJ, GEJ Subsidy Scam, NNPC Claims Are Massive Scam

Feb. 8, 2014PremiumTimesClaims by the Nigerian National Petroleum Corporation, NNPC, that over 80 per cent of the controversial $10.8billion (about...

CBN Governor, Sanusi, accuses NNPC of kerosene subsidy fraud, says $20 billion unaccounted for

Feb. 4, 2014CBN Governor Sanusi said more government funds are missingNigeria’s Central Bank Governor, Sanusi Lamido, struck a defiant tone again...