Nigeria's leading finance and market intelligence news report.

One year after ‘ending’ subsidy, FG eats its words

…as petrol scarcity spreads across nation

Keeping the price of petrol unchanged at N162 despite increasing international crude cost is a clear indication that subsidy is back, a development completely different from what the Federal Government initially promised about a year ago. By March 19 this year, the Nigerian downstream oil industry would be marking its first anniversary of a supposed…

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