Many readers of this blog will be familiar with the pernicious consequences of fossil fuel subsidies -- and how difficult it is to get rid of them. My colleague John Campbell, a former U.S. ambassador ...

Moghalu believes Nigeria economy will be revived if government does away with fuel subsidy. Moghalu in a series of tweets on Monday, May 1, 2023, said Nigerians need to be educated on the ...

ABUJA (Reuters) - Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices. The government had said it would gradually phase out ...

Rising oil prices are good for Africa's top crude producer on a macroeconomic level but higher refined fuel prices will be ...

The fuel subsidy fraud charges involving Nadabo and it's CEO originally started in 2012.The Economic and Financial Crimes Commission (EFCC) has rearraigned the CEO of Nadabo Energy, Abubakar Peters, ...

A crucial government policy and financial support mechanism, fuel subsidy which is aimed at making petroleum products readily available and affordable for every Nigerian began in the 1970s. The policy ...

As we mark the official start of the never-ending U.S. Presidential campaign with tonight’s Iowa caucuses, it’s worth remembering the one thing that politicians would be wise not to fiddle with during ...

Former Labour Party presidential candidate, Peter Obi, has said he will not tolerate any form of criminality as president of ...

The Trade Union Congress of Nigeria has called on the Federal Government to deploy excess crude oil revenue to subsidise local refineries as a way of cushioning the impact of rising fuel prices on ...

Renowned economist and Managing Director of Financial Derivatives Company, Bismarck Rewane, has proposed a shift in Nigeria’s fuel subsidy framework, ...

Nigeria has long subsidized fuel for its citizens. The cost of the subsidy is high, and economists and the international financial institutions have argued for many years that it significantly ...