According to data from the National Bureau of Statistics (NBS), the average price of diesel in Nigeria surged by 1.93% in August 2024, reaching N1,406.05 per liter. This increase comes ...
Dangote Group President Aliko Dangote is urging the federal government to immediately end fuel subsidies. In a Bloomberg Television interview, Dangote argued that removing subsidies will reveal Nigeria's true petrol ...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has refuted reports suggesting that the federal government has allocated N5.4 trillion for fuel subsidies in 2024. This ...
A recent report titled "State of Entrepreneurship," published by the Fate Foundation, discloses that a staggering 90% of businesses in Nigeria experienced adverse effects following the removal of the fuel ...
In the aftermath of the reforms in the petroleum and foreign exchange sectors of the economy, small business owners have reported significant losses and setbacks in their operations. President, Association ...
The lingering subsidy regime of the Federal Government on Premium Motor Spirit, popularly called petrol, has stalled investments in the development of Nigeria’s gas sector, major and independent oil marketers stated ...
Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH can report. The ...
The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to ...
The Labor Department reported on Thursday that wholesale inflation was found in January, as producer prices increased more than expected to begin the year. The producer price index, which measures ...
The Director-General of Nigeria Employers’ Consultative Association, Mr Adewale Oyerinde, has said subsidy will die a natural death if the country’s refineries were functional. Speaking at a press briefing in ...
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