Fuel subsidy
Nigeria attracts $55.5 billion in foreign investment since 2019: See the top 5 countries where it came from
Business & Economy
October 16, 2024
Nigeria attracts $55.5 billion in foreign investment since 2019: See the top 5 countries where it came from
Despite significant economic challenges, Nigeria has managed to attract a total of $55.5 billion in foreign capital between Q1 2019…
Nigeria lost N10 trillion in revenue to fuel subsidy, multiple exchange rates in 2022 – World Bank
Business & Economy
October 15, 2024
Nigeria lost N10 trillion in revenue to fuel subsidy, multiple exchange rates in 2022 – World Bank
The World Bank has said Nigeria was losing around N10 trillion in foregone revenue to fuel subsidy and multiple exchanges…
Nigeria Records 13.77% Drop in Petrol Imports Following Fuel Subsidy Removal
Local News
October 2, 2024
Nigeria Records 13.77% Drop in Petrol Imports Following Fuel Subsidy Removal
The National Bureau of Statistics has stated that Nigeria recorded a reduction in petrol importation following the removal of fuel…
Fuel subsidy was a cancer, killing Nigeria’s economy – Olubunmi Tunji-Ojo
Business & Economy
July 29, 2024
Fuel subsidy was a cancer, killing Nigeria’s economy – Olubunmi Tunji-Ojo
The Minister of Interior, Olubunmi Tunji-Ojo, characterized the era of fuel subsidy as a cancer that was destroying Nigeria’s economy,…
Fuel Scarcity Hits Sagamu, Motorists Lament Long Queues
Local News
May 30, 2023
Fuel Scarcity Hits Sagamu, Motorists Lament Long Queues
In a knee-jerk reaction to the confirmation of fuel subsidies removal by President Bola Ahmed Tinubu’s administration, marketers and operators…