Former Ekiti North Senator, Ayo Arise, has rejected calls to restore Nigeria’s former fuel subsidy regime, warning that such a move could reverse some of the financial gains governments have
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The renewed push to restore Nigeria’s fuel subsidy has triggered a fresh debate among economists and petroleum industry stakeholders, with experts warning against returning to a blanket subsidy regime while
An All Progressives Congress (APC) chieftain in Kebbi State, Aminullah Mustapha, has criticised African Democratic Congress (ADC) presidential candidate Atiku Abubakar over his pledge to reintroduce fuel subsidy if elected
Nigeria’s crude oil production fell to about 1.51 million barrels per day (bpd) in July, representing a decline of roughly three per cent from the previous month. The drop comes
Former Vice President Atiku Abubakar has reignited the debate over Nigeria’s petrol subsidy ahead of the 2027 presidential election, promising to introduce a targeted subsidy system if elected president. Atiku,
The Federal Government says the removal of petrol subsidy and foreign exchange reforms generated an additional N15.8 trillion for Nigeria’s Federation between June 2023 and December 2025, with states and
Nigeria’s poor performance in the United States’ 2026 Fiscal Transparency Report should serve as a warning to the Federal Government, civic-tech organisation BudgIT has said, calling for urgent reforms in
Nigeria’s headline inflation rate fell for the second consecutive month in July 2026, but households are still facing rising food prices and a high cost of living, leaving many Nigerians
The Central Bank of Nigeria (CBN) has lifted its seven-year restriction on local investor participation in Open Market Operations (OMO), reopening the market to individuals, companies and non-bank financial institutions.
Nigeria’s crude oil production declined in July, but conflicting figures from OPEC and the country’s upstream regulator have raised questions about the exact volume produced during the month. OPEC reported