When President Bola Tinubu approved a 15% import duty on petrol and diesel in October 2025, his advisers framed it as a strategic move: protect billions of dollars of new refining investment, conserve ...

IPMAN has claimed the NMDPRA has failed to pay long-standing debts despite years of promises, and warns that continued delays ...

Nigeria’s electric vehicle market risks stalling unless the government, private sector, and financial institutions step up support, industry executives warned at the country’s first Electric Vehicle ...

A nation's economy is like a patient on the operating table: sometimes the difference between healing and harm is not just the surgeon's skill, but also their ability to time the incision. In ...

Nigeria finds itself trapped in a fiscal paradox that defies basic economic logic. Despite removing fuel subsidies ...

Nigeria suspends planned 15% fuel import levy to avoid holiday shortages Move follows backlash over risks to supply, price hikes, and market dominance Dangote refinery remains key amid stalled state ...

President Bola Tinubu says he fully understands what Nigerians are going through but that the present economic reform is necessary to build a resilient country and guarantee children's future.

A Senior Advocate of Nigeria, Femi Falana, has once again criticised President Bola Tinubu’s removal of the fuel subsidy, describing it as a move influenced by international financial institutions.

Nigeria has received $800 million from the World Bank to expand its national social program ahead of eliminating its pricey but popular petrol subsidies in June, according to Finance Minister Zainab ...

S&P could raise Nigeria’s ratings over the next 12 months if economic performance continues to exceed forecasts alongside more entrenched fiscal and external gains. Conversely, the outlook could be ...

ABUJA (Reuters) - Nigeria's fuel importers claim the government owes 880 billion naira in subsidies accrued over the past five years, highlighting the urgent need for deregulation, the finance ...