Tag: petrol subsidy removal Nigeria

Forex Reserves Hit $40.16bn on Tinubu Reforms

Business Damilola Bayonle -
Nigeria’s foreign exchange (Forex) reserves have hit a 14-month high, climbing to $40.159 billion as of August 7, 2025,...

NNPC Reduces Petrol Price Just 48 Hours After Controversial Hike

Business Damilola Bayonle -
A swift move that highlights the volatility of Nigeria’s downstream petroleum sector, the Nigerian National Petroleum Company Limited (NNPC...

Petrol Subsidy Removal Yields $84 Billion Gain, Funds 40 New Roads — Report

Business Damilola Bayonle -
The Federal Government of Nigeria has officially confirmed that the controversial removal of the petrol subsidy, initiated by President...

W’Bank: Tight Monetary Policy to Cut Nigeria’s Inflation to 22.1%

Business Damilola Bayonle -
The World Bank has projected that Nigeria’s inflation rate will decline to an average of 22.1 percent in 2025,...