President Tinubu says painful reforms introduced by his administration were necessary to stabilise Nigeria’s economy and ...

Presidential hopeful Peter Obi vows to tackle fuel sector fraud and investigate Nigeria’s disputed consumption statistics if ...

Dangote reveals opposition from powerful oil 'mafia' against his $20 billion refinery, now set to reach 1.4 million barrels ...

Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has reiterated that the Presidency will not ...

Mr Dangote said small groups profited from local product allocations under the subsidy regime and that subsidy payments alone reached nearly $10 billion annually.Africa's richest man, Aliko Dangote, ...

In an assessment of Nigeria’s current fiscal trajectory, the Emir of Kano, Muhammadu Sanusi II, has questioned the Federal Government’s continued reliance on borrowing despite the removal of the ...

President of the Senate Godswill Akpabio has said Nigeria previously spent between 90 and 93 per cent of its revenue on fuel subsidy and debt servicing, leaving little room for infrastructure ...

To expect that the removal of subsidy alone would eliminate the need for borrowing is to misunderstand both the structure of Nigeria's finances and the scale of its developmental challenges.Ultimately ...

ABUJA, Nov 25 (Reuters) - A row over the planned removal of fuel subsidies popular with Nigerians is set to disrupt wider reforms to Africa's second-largest economy, ranging from privatising its ...

Fuel prices in Nigeria are rising as the government rules out subsidies, leaving market forces and global oil trends to determine costs. Fuel is getting more expensive, the government knows, and it ...

Vice President Kashim Shettima has said that Nigeria is now on the right track as the economic reforms of the Bola Tinubu ...