The Federal Government has announced a N5bn palliative for each state of the federation, including the Federal Capital Territory to cushion the impact of the removal of the petrol subsidy. The governor of Borno State, Babagana Zulum, made the announcement in Abuja on Thursday when he spoke to State House correspondents at the end of…
President Bola Tinubu is considering a reintroduction of “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to soar. TheCable reports that there isn’t a final decision presidency sources told TheCable, but the proposal is “firmly on the table” as Nigerians continue to groan under harsh economic realities following the removal of…
Car owners are currently reconfiguring their usage patterns by shifting focus to smaller, more fuel-efficient vehicles to cope with the rising cost of fuel after the removal of subsidy, Daily Trust Saturday reports. One of the effects of the fuel subsidy removal, which jacked up the price of PMS from N189-N190 per litre to as…
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