Tag
SUBSIDY REMOVAL
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has described the period...
The World Bank has disbursed a $1.5 billion loan to Nigeria under the Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing initiative.
The Nigerian Presidency announced that an estimated N5.4 trillion in savings from subsidy removal in 2024 is being directed towards infrastructure and social intervention programs aimed at benefiting all tiers of government and enhancing Nigerians’ quality of life.
The Nigerian Labour Congress (NLC) has raised concerns over the rising price of petrol in the country, alleging that the current pump price is significantly higher than the actual market value.
The recent petrol price hike by the Nigerian National Petroleum Corporation (NNPC) Limited has taken a toll on Nigerians, particularly commuters and motorists nationwide.
Business confidence in Nigeria has declined sharply due to the impact of naira devaluation and the removal of fuel subsidies, a new report by Standard Bank’s Africa Trade Barometer has revealed.
President Bola Tinubu said the removal of fuel subsidy has helped reduced Nigeria’s petrol daily consumption from several millions of liters to about 30 million liters.
As fuel prices continue to skyrocket, Lagosians are being forced to adopt new strategies to manage the increasing costs of commuting.
A trending video of President Bola Tinubu, in which he acknowledges the economic hardships caused by the removal...
President Bola Tinubu has urged Nigerian citizens to remain hopeful and look beyond the current temporary pains, assuring them that swift relief is on the way as the administration's economic measures take effect.
The federal government is planning to borrow an additional $2 billion in crude oil-backed loans from international creditors to boost its financial inflow.
Nigeria’s debt to petrol traders has surpassed $6 billion, doubling since early April, as the state oil firm, Nigerian National Petroleum Corporation (NNPC), struggles to cover the gap between fixed pump prices and international fuel costs, according to six industry sources.