•Nigerians now trek longer distances amidst high transport costs Across Nigeria’s bustling cities and rural communities alike, commuters are facing mounting financial pressure as transport fares continue to rise in response to persistent increases in fuel prices. From daily wage earners to students and small business owners, the ripple effects...
Nigeria’s private sector grappled with heightened inflationary pressures in November 2024, driven by currency depreciation and escalating fuel prices, according to the latest Purchasing Managers’ Index report by S&P Global. The report, released today, revealed that these factors significantly increased input costs, restricted purchasing ac...
•Tinubu Before President Bola Ahmed Tinubu took over on May 29, 2023, fuel sold at N198 per litre. Outlets of the Nigerian National Petroleum Corporation Ltd (NNPCL) which now have different prices, depending on the location, also sold at the old rate. However, in his inaugural address at Eagle Square, Abuja, Tinubu exclaimed “Subsidy is [&hel...

