Simply, the Cost of Fuel Subsidy in a Layman's Language 1. Nigeria has crude oil in abundance but it is not the crude oil you use in powering your generator and other machineries. The crude oil needs to be converted to some usable products. This process converting...

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...

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...

Fuel Pump Price To Skyrocket As Marketers Threaten Shutdown The queues for Premium Motor Spirit, popularly called petrol, grew worse on Tuesday following an earlier directive to shut down filling stations by the Independent Petroleum Marketers Association of Nigeria (IPMAN). Although the directive was later withdrawn,...

Fuel Scarcity: Consumers Groan As Pump Price Nears N400/litre   Petrol consumers have continued to groan under the burden of skyrocketing prices, as Premium Motor Spirit almost hit N400 per litre over the weekend. Economic Confidential market survey over the weekend showed while stations belonging to the...

Marketers To Nigerians: Expect To Pay N195/litre For Petrol       Members of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have advised Nigerians to expect a higher petrol pump price in the coming days, saying price may rise to N195 per litre. They lamented what they described...