A fuel attendant fills a container with fuel for a customer at a Nigerian National Petroleum Company Ltd. (NNPC) gas station in Lagos, Nigeria, on Wednesday, Aug. 23, 2023. Gasoline prices have more than tripled since the subsidies were abolished on May 29, exacerbating a cost-of-living crisis in Africa's biggest economy. Photographer: Benson Ibeabuchi/Bloomberg via Getty Images

Forex crisis pushes petrol subsidy to N907.5b monthly

Notwithstanding denials from government, Nigeria is paying about N907.5 billion subsidy on premium motor spirit (PMS) otherwise called petrol monthly as the depreciation of the naira has pushed the actual cost of
5 months ago
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