Marketers Predict Rise in Natural Gas, 400% Cheaper than Petrol Oil marketers have predicted that the use of Compressed Natural Gas in automobiles will be over 400 percent cheaper than Premium Motor Spirit, popularly called petrol, once fully implemented. Petrol subsidy was removed by President Bola...

Fuel Subsidies, Others Costing FG N4trn - AAC Boss   The Executive Vice Chairman, Alpha African Advisory, Mr. Mustafa Chike-Obi, has said subsidies on fuel, foreign exchange and electricity are costing the Federal Government about N4 trillion. He said government must remove certain subsidies if it...

Says Eurobonds shouldn’t be main source of financing In order to effectively absorb the impact of their slowest growth in more than two decades, Nigeria and other African exporters of oil and commodities should remove subsidies and boost taxes, the International Monetary Fund (IMF) said...