Nigeria’s long-standing practice of subsidizing foreign exchange has come under intense scrutiny, with the World Bank’s latest report shedding light on its staggering financial implications. The international lender has revealed…
The Nigerian National Petroleum Company Limited (NNPC) has disclosed a staggering ₦7.8 trillion ($4.9 billion) debt owed to it by the Federal Government for fuel subsidy spanning seven months from…
by Alaba Olusemore Nigeria’s fuel scarcity persists despite significant investment in public refineries, which have consumed billions of Naira without delivering a permanent solution. Meanwhile, private refineries face operational delays,…
CEM REPORT, ENERGY | The Nigerian Electricity Regulatory Commission (NERC) has announced the approval of new electricity tariffs, a move anticipated to significantly reduce the government’s subsidy burden for the…