Nigeria's leading finance and market intelligence news report.

Crude heist, petrol subsidy, anatomy of revenue leakages

Nigeria’s oil sector is bleeding money on account of the activities of oil thieves and government’s obsession with subsidising petrol, a loss that could top N3.5 trillion by year end. Data obtained by BusinessDay found that Nigeria’s daily consumption of Premium Motor Spirit (PMS) – petrol – is currently at an unsustainable level of 103…

Don’t miss another story

Become a BusinessDay Subscriber today.

For insights, facts, figures, and access to opportunities.
Options starting from N1000 Monthly
Already a subsriber?
Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.