Tag Archive: foreigh exchange

Removal of Fuel Subsidy

The federal government of Nigeria recently removed subsidy on imported Premium Motor Spirit (petroleum) and increased price of fuel from 86.50 Naira to $145 Naira per liter. What that means is that official government price of a gallon of petroleum now cost 580 Naira, a little less than $2 per gallon. Prices of petroleum has …

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