BusinessDay
Nigeria's leading finance and market intelligence news report.

Opposing fuel price increase will return queues, hurt economy

The price of crude oil in the last two weeks rallied between $59 and $62 per barrel, the highest in thirteen months. This was after oil price sank to historical lows in the wake of the Covid-19 pandemic in 2020. Ordinarily, for a country like Nigeria that is heavily dependent on revenues from oil, the…

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