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By Dr Muda Yusuf    The Centre for the Promotion of Private Enterprise [CPPE] says returning petrol subsidy will cost Nigeria approximately ₦20 trillion yearly. It could also plunge the country into a deeper fiscal, debt and foreign exchange crisis, CPPE CEO Dr. Muda Yusuf, said in a policy position obtained on Sunday. According to him,  using an estimated fuel consumption benchmark of 50 million litres per day and an indicative subsidy requirement of ₦1,050 per litre, the potential fiscal exposure would be approximately: ₦52.5 billion daily, ₦1.575 trillion monthly, ₦19.16 trillion annually — approximately ₦20 trillion. The actual figures would fluctuate with crude oil prices, exchange rates, landing costs and consumption levels, he said. He stated that although actual costs would vary with consumption, crude-oil prices, exchange rates, refinery or landing costs and the regulated pump price, consumption could also increase under a subsidy regime as price differen...

  WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE                               NEWS UPDATE, TUESDAY, 15-09-2026  **Yari begins consultations for Tinubu's 2027 re-election bid ...as Oba Akiolu backs Tinubu, says,  ‘No vacancy in Aso Rock,’ in 2027 **We are still repaying money borrowed by Peter Obi - Gov. Soludo ireveals **Peter Obi did not drop me. I left him because he doesn’t have a plan for Nigeria — Obi’s former running mate, Datti **Petrol Price: No going back on subsidy removal,  says Presidency **INEC Chairman, Prof. Amupitan to headline GOCOP’s 10th Annual confab in Lagos **Encomiums as  Housing PS, Toriola emerges Lagos "Man of the Year" Award **Abiodun tasks Judiciary on justice, accountability, fairness as 2026/2027 Legal Year begins **Lagos Magis...

  WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE                               NEWS UPDATE, SATURDAY, 12-09-2026  UPDATE OF ONLINE NEWSPAPERS *****National Agency for Food and Drug Administration and Control (NAFDAC ) **https://allcitynewsblogspot.blogspot.com/2026/09/national-agency-for-food-and-drug.html *****Melaye To EFCC: "Invite Atiku And See Trouble-Opposition  Threatens Mass Action **https://newsnowonline.com.ng/2026/09/12/melaye-to-efcc-invite-atiku-and-see-trouble-opposition-threatens-mass-action-over-renewed-ptdf-probe *****Why FG Disbursed N1.1bn Additional Exit Benefits To 175 Retirees-PenCom **https://allcitynewsblogspot.blogspot.com/2026/09/why-fg-disbursed-11bn-additional-exit.html *****FG clarifies ownership status of King’s College **https://thenewsg...

  By allcitynews.ng  In apparent bid to extend and also strengthen its reach into markets, community pharmacies, and primary health centres nationwide, the  leadership of National Agency for Food and Drug Administration and Control (NAFDAC) has commissioned 600-member pharmacists reserve volunteer group. NAFDAC Director General, Prof. Mojisola Adeyeye inaugurated the 600-member strong pharmacists Reserve Volunteers as a strategic initiative to further extend and strengthen the Agency’s regulatory authority across the country. Speaking during the inauguration, Prof. Adeyeye disclosed that the Volunteers, who were all qualified Pharmacists, were drawn from all 36 States and the FCT, selected through a transparent, merit-based process ensuring representation across Nigeria’s six geopolitical zones. Adeyeye described the Pharmacists Volunteer Programme as ”a strategic investment in Nigeria’s regulatory future, designed to extend NAFDAC’s reach into markets, community pharmaci...

  By Allcitynews.ng The Federal Government has paid approximately ₦1.1 billion as Additional Exit Benefits to 175 retirees from Treasury-funded Ministries, Departments and Agencies (MDAs). The concerned beneficiaries are those who retired from Federal Public Service between 1 January and 31 August 2026. The payments are being made under the Federal Government Exit Benefit Scheme (EBS), approved by the Federal Executive Council and effective from 1 January 2026. The Scheme provides an additional financial benefit to Federal Government employees at retirement, alongside their pension benefits under the Contributory Pension Scheme (CPS). Under the Scheme, according to PenCom, Federal Civil Servants who have served for at least 10 years are entitled to an Exit Benefit equivalent to 100 per cent of their total annual emolument, a statement said on Friday. The statement quoted that the commencement of payment marks yet another watershed moment for the CPS as e...

  WELCOME TO THIS NEWS CRUISE CONTROL PLATFORM WHERE YOU  CAN TRAVEL AROUND THE WORLD VIA READING NATIONAL AND INTERNATIONAL NEWS WITHIN FEW MINUTES- COME ALONG, ENJOY THE RIDE                               NEWS UPDATE, FRIDAY, 11-09-2026  **Yari says Tinubu is beyond any other person, campaign to focus on achievements, not promises   **ogun APC fully ready for 2027 - Abiodun  **Akpabio petitions DSS over purported anti-North comment **Massive crowd as PDP flags-off campaign for Ogun 2027 governorship poll **24 die in Ondo communities after consuming herbal substance **Sowore accuses Benue Government of sponsoring Peter Obi’s convoy blockade **King’s College Lagos shut down as staff and parents protest government concession to alumni  **China supplies 39% of Nigeria’s N28tn imports **Obi: Why I can’t step down for Atiku **2027: NDC wins logo war, secures INEC approval **Police, ...