subsidy

KEY POINTS The Federal Government has announced a major shift in electricity subsidy policy, moving to distribute the financial burden across federal, state, and local governments starting in 2026. The …

KEY POINTS The average price of petrol in Nigeria surged to ₦1,037.66 per litre in June, up nearly 40% from a year earlier, as government deregulation continues to ripple through …

Nigeria, Africa’s largest oil producer, has the cheapest petrol price in West Africa, even after the recent devaluation of its currency, the naira, against the US dollar. According to data …

Nigeria, Africa’s largest oil producer, is facing a fuel crisis as oil marketers are unable to import petrol due to pricing and foreign exchange challenges. The situation has raised concerns …