Nigeria Spends N3.5 trillion on Fuel Importation Since Subsidy Removal

Nigeria spends N3.5 trillion on fuel importation since subsidy removal

  Nigeria’s Fuel Import Expenditure Soars to N3.5 Trillion Post-Subsidy Removal: A Deep Dive Analysis.   In the latter half of 2023, Nigeria incurred a staggering N3.5 trillion in fuel imports, as disclosed by data from the National Bureau of Statistics. This revelation comes in the wake of the government’s decision to remove fuel subsidies, … Read more

Petrol price: Oil Marketers urge FG to tackle FOREX challenge

Petrol price: Oil Marketers urge FG to tackle FOREX challenge Oil traders asked the Federal Government on Monday in Abuja to act quickly and stop the persistent decline in the value of the Naira against the dollar, which has had a substantial impact on petrol pump prices. The President of the Natural Oil and Gas … Read more