March 1, 2021

Africa

NIGERIA: Fuel subsidy makes a comeback

BY Malte Liewerscheidt

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( 3 mins) On 1 March, the state-owned Nigerian National Petroleum Corporation (NNPC) announced that domestic fuel prices would remain fixed in March, despite the ongoing oil price rally. Echoing a similar statement in February, today‘s announcement provides the latest indication that the fuel price subsidy, which was ostensibly abolished in March 2020, is back as predicted. Inflation […]

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