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NIGERIA: Fuel prices are likely to increase further
NIGERIA: Fuel subsidies may boost black market
NIGERIA: Fuel shortages may worsen
NIGERIA: Renewed fuel subsidy will strain budget
Developing these blocks is critical for meeting Nigeria’s 2026 production target of 2.6 million barrels per day (b/d). This is important for increasing government revenues as well…
Details
DOI: 10.1108/OXAN-DB288452
ISSN: 2633-304X
Keywords
Geographic
Topical
These supply disruptions were largely caused by a lack of sufficient foreign exchange at the state-owned Nigerian National Petroleum Corporation Limited (NNPCL), which has…
NIGERIA: Fuel subsidy may be retained in coming months
Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…
Details
DOI: 10.1108/OXAN-DB284069
ISSN: 2633-304X
Keywords
Geographic
Topical
The announcement set off panic buying as motorists rushed to purchase fuel before prices went up, causing long fuel queues across the country. The announcement also came just days…
These subsidies were scheduled to end in June. The Council justified the decision on the need for more preparatory work, particularly by the incoming administration of…