ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
Tag:
fuel subsidy removal
-
-
EconomyGOVERNMENTNigeriaPoliciesPolitics
Afenifere Critiques Tinubu’s Economic Policies; Presidency Defends Reforms
The Pan-Yoruba socio-political organization, Afenifere, has expressed concerns over the economic direction under President Bola Ahmed Tinubu, describing his administration’s “Renewed Hope” as a “nightmare” for Nigerians. In a statement …
-
BusinessBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsPolicies
Despite Economic Hardship, Nigeria’s Capital Market Remains Strong Under Tinubu — Amolegbe
The Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, has said that Nigeria’s capital market has been one of the few bright spots in …
-
BusinessEnergyEnvironmentGOVERNMENTNigeriaTransportation & Logisitics
Shafa Energy Launches CNG Station in Abuja to Support Nigeria’s Shift to Cleaner, Cheaper Fuel
Shafa Energy, a subsidiary of AYM Shafa Holdings Limited, has launched its compressed natural gas (CNG) brand, Shafa CNG, with the unveiling of a new station in Abuja. The move …
-
BusinessBusiness InsightsEastern AfricaEconomyEnergyNigeriaNorth AfricaOil & GasSouth AfricaTransportation & LogisiticsWestern Africa
Petrol Price Rises 76.73% in One Year, Now N1,239/Litre – NBS
The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
-
Banking, Finance & InvestmentBusinessEconomyFinance & ServicesINVESTMENTNigeriaTrade and CommerceWestern Africa
Rand Merchant Bank Supports Tinubu’s Reforms, Predicts Stronger West African Trade
Rand Merchant Bank Nigeria has thrown its weight behind the economic reforms of President Bola Ahmed Tinubu, saying the policies are vital to driving trade and investment growth across West …
-
Nigeria’s inflation rate has gone up again, according to new data released by the National Bureau of Statistics (NBS). The annual inflation rate stood at 24.23% in March 2025, rising …
-
Nigeria’s Minister of State for Finance, Doris Uzoka-Anite, has said that the country’s tough economic reforms are now beginning to show positive signs, and investors who were previously worried are …