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 ...

Rising oil prices are once again testing Nigeria’s economy. But this time, there is no subsidy to absorb the shock. With fuel ...

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, ...

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 ...

Experts and civil society organizations are divided over calls for the administration of Bola Ahmed Tinubu to introduce palliatives or reinstate fuel ...

The NNPCL claims that the amount spent on fuel subsidy payment could provide 7,500km of road network at ₦‎400 million per kilometre and 37 well-equipped 120 Beds Tertiary Health Centres at ₦‎32 ...

Henry Ikoh, former Minister of Science and Technology, has described Nigeria’s previous fuel subsidy regime as a “monumental ...

CFG Advisory has warned that all financial gains from the removal of fuel subsidies are now being channelled into debt servicing, leaving little fiscal space for development spending and social ...

Nigeria has had a troubled relationship with crude oil since the first commercial well flowed at Oloibiri in 1956. Time and again, the promise of easy money has resolved into a pattern of windfalls ...

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

LAGOS, March 20 (Reuters) - Nigeria is trying to shed costly gasoline subsidies and enable private companies to import for the first time in years as its fuel regulator meets to draft a new price ...

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 ...