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Nigeria to save $2.6bn yearly after end to fuel subsidy

  Nigeria expects to save as much as one trillion naira ($2.6 billion) a year after it abolished subsidies paid to guarantee cheap gasoline in Africa’s top oil-producing country. “Already, we have taken off the budgetary provision for subsidy which is about 500 billion naira,” Petroleum Minister of State Timipre Sylva told reporters Thursday in…

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