(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 ...

Economist Kalu Aja has publicly apologised to Nigerians for initially supporting the removal of the fuel subsidy by President ...

(Bloomberg) -- Nigeria’s reintroduction of a gasoline subsidy months after it was scrapped is expected to guzzle almost half of its projected oil revenue this year, according to the International ...

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 ...

Former President Muhammadu Buhari deferred the removal of fuel subsidy in the final months of his administration after security concerns were raised over the potential consequences of such a move.

As the new president, Mohammadu Buhari settles into office today, it is clearly evident that one of the most urgent (may not necessarily be most important) task before him would the optimal decision ...

The president of Nigeria, Bola Tinubu said on Monday that by eliminating the expensive gasoline subsidy and moving to converge its various currency rates, Nigeria has saved more than 1 trillion naira ...

The ripple effects of the recent removal of fuel subsidy by the federal government have spread to Europe with demand by Nigeria for petroleum products from refiners in that continent drying up. The ...

The International Monetary Fund (IMF) has given reasons it urged Nigeria to remove fuel subsidies. Abebe Selassie, Director of the African Department of the Fund, who provided insights into the ...