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

Updated: NNPC says no more petrol subsidy 

but remains silent on full deregulation

Nigerian National Petroleum Corporation (NNPC) said on Monday it would no longer cap the price at which fuel is sold in the country in the form of subsidy payment or under-recovery cost. In a tweet via its official handle on Monday, the state-owned oil company quoted Mele Kyari, its group managing director, as saying, “As…



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