The 36 state governors have decided to turn to the World Bank as one of the ways of surviving the current economic downturn in the country, which has made it difficult for many of them to pay workers’ salaries. They are putting machinery in place...

Federal Government of Nigeria has finally removed subsidy from sale of Premium Motor Spirit, PMS, also known as petrol with immediate effect. An official of Nigeria National Petrolem Corporation (NNPC) told Economic Confidential that there was no provision in the approved budget 2016 for...

Ahead of the federal government’s announcement on the removal of subsidy on petrol, Vice-President Yemi Osinbajo has said that the government will have to take tough decisions on the desirability of retaining fuel subsidies, adding that it had become necessary to remove them. His statement...