Nigerians have been drawn into a fresh debate over petrol prices, the naira and the country’s economic direction following a warning attributed to Finance Minister Taiwo Oyedele that restoring the petrol subsidy could push the exchange rate towards ₦4,000 to the dollar. The warning has put the spotlight back on one of the most contentious … Read more
The latest depot data shows that Dangote Petroleum Refinery raised its listed Lagos petrol price by N6 to N1,348 per litre on Thursday, October 15, up from N1,342. The increase is small on paper, but in a market where marketers watch every naira, it was enough to set off fresh calculations across the downstream sector. … Read more
LAGOS – Nigeria’s Finance Minister has issued one of the sharpest warnings of the Tinubu era on petrol pricing, telling the country that even the suggestion of bringing back the fuel subsidy could send the naira tumbling to as low as N4,000 to the dollar. Taiwo Oyedele, the Minister of Finance and Coordinating Minister of … Read more