“Subsidy is Gone”: A Simple Explainer, by Abdulhaleem Ishaq Ringim   The enactment of the Petroleum Industry Act 2021 was intended to mark a significant shift in the regulation of the downstream petroleum sector. The act aimed to align petrol prices with market dynamics, phasing out...

Fuel Subsidy and the Plight of Common Man in Nigeria, by Gidado Shuaib   While I was in Kano for a friend's wedding, I overheard a conversation that Uber drivers in Abuja have increased the cost of commuting from the airport to the city center to...

Fuel Subsidy: Mixed Reactions as Long Queues Return to Filling Stations   Barely 24 hours after President Bola Ahmed Tinubu announced his decision to implement the subsidy removal policy of his predecessor, President Muhammadu Buhari, there has been a quick return of long queues at various filing...

‘Fuel Subsidy Removal In Nigerians’ Interest, To Avoid Collapse Of Economy’   Tinubu Support Group (TSG) says the removal of fuel subsidy was done in the interest of Nigeria to avoid total collapse of the nation’s economy. Augustine Esiekpe, the National Coordinator of the group said at...

Fuel Depots Shutdown Amid Scarcity   Motorists, workers and traders were yesterday caught unaware by the sudden reappearance of fuel scarcity across the states and the Federal Capital Territory (FCT). While at some bus stops, hordes of commuters struggled to board commercial buses, many filling stations were...

Subsidy: NNPC Sells Petrol In Lagos For N488 And N537 In Abuja, PH N511   The long awaited price for petrol was effected by NNPC limited Wednesday morning providing clarity around prices post the removal of the controversial subsidy which cost almost $10bn annually. Economic Confidential also...