Tag: fuel subsidy removal

Petrol prices hit N1,300 after 643% surge since subsidy removal as oil nears $100

Business Damilola Bayonle -
The price of Premium Motor Spirit (PMS), popularly known as petrol, has risen by approximately 643 per cent in...

Nigeria targets 2,322 CNG stations by 2027 to cut petrol dependence

Business Damilola Bayonle -
FG Targets 2,322 CNG Stations by 2027 as Nigeria Expands Shift Away From Petrol Nigeria’s federal government plans to establish...

Why petrol price drops slowly in Nigeria — MEMAN reveals the real reasons

Business Damilola Bayonle -
Nigeria’s downstream petroleum market continues to generate debate as consumers grapple with persistent fuel price volatility. Industry operators have...

Nigeria poverty rate surges to 63% after fuel subsidy removal, study finds

Business Damilola Bayonle -
Nigeria’s economic reform programme has come under renewed scrutiny after a new study revealed that a large proportion of...

Wike: Tinubu’s leadership raising the bar for infrastructure and democratic dividends in Nigeria

Politics Damilola Bayonle -
Tinubu’s leadership sets new standard for democratic dividends — Wike The Minister of the Federal Capital Territory, Nyesom Wike, has...

Petrol price war: Dangote vs Importers sparks major shake-up in fuel market

Business Damilola Bayonle -
Nigeria’s downstream petroleum industry is undergoing one of its most turbulent phases in recent years as a fierce petrol...

Dangote slashes petrol costs: New Dangote petrol pump price sparks nationwide price reset

Business Damilola Bayonle -
Nigeria’s downstream petroleum market is bracing for a significant shift as the Dangote Petroleum Refinery prepares to roll out...

Nigerians face ₦1tn burden as FG enforces 15% import tariff on petrol

Business Damilola Bayonle -
Nigerians may soon spend nearly ₦1 trillion more annually on petrol following the Federal Government’s decision to implement a...

PETROAN warns against monopoly in downstream oil market

Business Damilola Bayonle -
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned against monopolistic tendencies in the country’s downstream...

Subsidy removal boosts FAAC payouts to N2 trillion monthly

Business Damilola Bayonle -
Nigeria’s monthly revenue allocation to the three tiers of government has doubled to over ₦2 trillion, a direct outcome...

Debt Burden: Half of Nigeria’s Revenue Goes to Repay Loans, Says Panel

Business Damilola Bayonle -
Nigeria’s economic reforms are beginning to yield significant fiscal relief, as the country now spends less than 50 per...

NLC to Tackle Minimum Wage Defaulters

Business Damilola Bayonle -
The Nigeria Labour Congress (NLC) has announced plans to launch a targeted enforcement campaign against private sector employers who...