An attendant pumps fuel into a tank at a filling station in Lagos, Nigeria, on April 20, 2021. - Nigeria's economy was already struggling with a fall in the price of oil, Nigeria's major export, and a weak local naira currency, before the global pandemic struck. Now Nigeria's inflation has soared to a four-year high of more than 18 percent in March 2021, with food prices up 22.9 percent, according to the National Bureau of Statistics. (Photo by PIUS UTOMI EKPEI / AFP)

The dynamics of fuel subsidy in Nigeria

Petroleum pricing is a significant issue in Nigeria, as the country heavily relies on oil for its economic stability.
1 year ago
(FILES) In this file photo pump jacks operate near Loco Hills on April 23, 2020 in Eddy County, New Mexico. - A boost in production agreed on by the world's leading oil producers is "simply not enough" as the global recovery from the coronavirus pandemic sputters, US national security advisor Jake Sullivan said on August 11, 2021. The increases agreed on by OPEC+ (the Organization of the Petroleum Exporting Countries and allies) "will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022," he said in a statement released by the White House. (Photo by Paul Ratje / AFP)

Anxiety over leadership as NPRA replaces PPPRA, PEF

There was anxiety at the Petroleum Products Pricing Regulatory Agency (PPPRA) and Petroleum Equalisation Fund (Management) Board, yesterday when the National Assembly confirmed members
3 years ago
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