TAG: FUEL SUBSIDY

Average Fuel Prices Across States Are Creeping Up; Possible Implications

Nairametrics| Last week the National Bureau of Statistics released its monthly PMS/Petrol price watch. The price watch takes an...


Marketers Blame FG For Ballooning Prices Of Kerosene

Another price increase or long queues at filling...


Fuel Subsidy Removal: Now We Have Proof That Markets Work

Overthrowing Reasonings And High Things Ideas matter. They really do. What people believe plays a very important part in...




Crude Oil Woes: A Short Tale Of Why Nigerian Economy Is In A Mess

Ibe Kachikwu Studios put out their latest movie yesterday starring Ibe Kachikwu, of course. The video is quite good...


How Nigeria Moved From Subsidy Financing To Profit Making In Less Than 6 Months

Perhaps for the first time, Nigeria now makes some profit from a litre of Premium Motor Spirit (PMS) or...


The Economics Of Fuel Pricing In Nigeria Explained

“Giving subsidies is a two-edged sword. Once you give it, it’s very hard to take away subsidies. There’s a...


Fuel To Sell For N85 From Jan 1, 2016 – Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu says the NNPC will announce a pump price of 85...


Nigeria Spent N6.9tn On Subsidy From 2010 to 2014 – World Bank Report

The world Bank has said that Nigeria spent a total of N6 trillion in the last 5 years to...


Is This Clue That Buhari Is Now Considering Removing Fuel Subsidies?

It seems that Nigerian President Muhammadu Buhari or ‘Baba go slow’ as some Nigerians call him may be finally...


Here is How Much Fuel Cost in Every State In Nigeria

The table below (average monthly prices paid by Nigerians in the 36 states and FCT for PMS) released by...


Lame duck Government plans to slash fuel subsidy by 90%

Nigeria will slash petrol subsidies by 90% this year because government revenues have been hit by the slump in...


Following Fuel Price Reduction, This Is How Much Nigeria Now Pays As Fuel Subsidy Per Litre

The Federal Government through the Minister of Petroleum announced the reduction of fuel price to N87 beginning Monday. Before...


Is Nigeria Next? Angola Plans “Further Cut” on Fuel Subsidies in 2015

In case you didnt know it, Angola is planning to reduce its fuel subsidies next year after it increased...