(Bloomberg) -- With petrol scarce and his fuel tank on red, taxi driver Victor Ovundah queued overnight at a gas station in Port Harcourt, Nigeria and by morning was getting close to filling up when ...

When the Media Office of former Vice President Atiku Abubakar accused the Tinubu administration last week of engineering one ...

The lingering fuel crisis in the country leaves Nigerians at the mercy of street petrol peddlers. Nigerians have started questioning the reality of fuel subsidy removal due to the lingering petrol ...

ABUJA, Nigeria — A new price hike on petrol has frustrated Nigerian drivers grappling with scarce fuel supplies and pushed up the cost of living. Higher prices threaten to undercut recent gains made ...

Despite being Africa’s largest oil producer, Nigeria has long depended on fuel imports due to its four state-owned refineries falling into disrepair. As a result, the government has been paying hefty ...

Nigerian billionaire Aliko Dangote said the “time is right” for the West African nation to end a decades-long subsidy on fuel, as gasoline production at his mega refinery near Lagos helps to ease ...

Ogun State Governor Dapo Abiodun has said Nigeria will save N5.4 trillion from fuel subsidy at the end of this year, following President Bola Ahmed Tinubu’s removal of the funding last year when he ...

The situation sparked a sudden fuel scarcity and frustrating queues at fuel stations triggered by panic buying. The idea of fuel subsidy removal was sold to Nigerians as a silver bullet to the ...

We've invested $20bn, so we need to make a profit. At the end of the day, the subsidy has to go." Nigeria previously relied entirely on imported petrol before Dangote's refinery began operations.

Unveils groundbreaking new book titled ‘The Shadow of Loot & Losses: Uncovering Nigeria's Petroleum Subsidy Fraud’. The Shadow of Loot & Losses is not just a chronicle of fraud, It is a call to action ...

ABUJA, Aug 17 (Reuters) - Nigeria's finance ministry said on Friday it would not pay subsidies to fuel importers it was investigating for fraud, listing 21 local firms and pledging not to back down ...

LAGOS, Aug 31 (Reuters) - Nigeria's state oil company recorded a 5.34 billion naira ($14 million) cost for fuel in June, months after it changed its pricing method in an effort to eliminate subsidies.