Browsing: Fuel subsidy

One positive development from Nigeria in the past month is the swift improvement of the country's currency, the naira. The naira has been identified as the top-performing currency globally over the last month, quickly rising from a low of around 1 USD to N1,900 to about 1 USD to N1,000. That […]

Nigeria, Africa’s largest oil producer, has been struggling with the issue of fuel pricing for decades. The country has experienced several episodes of fuel scarcity, subsidy removal, protests, and deregulation, as different governments have tried to balance the interests of the consumers, the marketers, and the state. The history of fuel price changes in Nigeria […]