The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Former Vice President Atiku Abubakar has restated that he will bring back petrol subsidy if he wins the presidency in 2027, holding firm to one of his most contested promises even as a court ruling has thrown his candidacy into doubt. In a post on X on Monday, accompanied by a campaign video, the…
Petrol prices in Nigeria could ease for the first time in months, after a sharp fall in international crude oil prices lifted hopes that the energy costs squeezing households and businesses may finally retreat. Brent crude, the global benchmark, dropped to about $92 a barrel this week, extending a weekly decline of roughly 16 per…
Brent crude climbed to 115.18 dollars per barrel on Friday, setting off immediate alarms across Nigeria’s fragile retail energy sector. Escalating conflict in the Middle East sparked panic among international buyers after drone strikes hit key Saudi Arabian energy hubs and disrupted shipping lines. War fears always rattle fuel markets. Domestic depot owners and the…
The International Monetary Fund has advised Nigeria and other countries against returning to blanket petrol subsidies, insisting that governments can shield poor households from rising energy costs without holding down pump prices for everyone. “Protecting people is not the same as protecting the price of fuels,” Rodrigo Valdés, Director of the Fund’s Fiscal Affairs…
Peter Obi, presidential candidate of the Nigeria Democratic Congress, has said he would moderate petrol pump prices across the country if elected president in 2027 by removing corruption from the subsidy system and improving domestic refining arrangements. Speaking in an interview on Arise Television on Thursday, 10 September 2026, Obi stated: “We’ll moderate fuel…
Atiku Abubakar has placed insecurity and the removed petrol subsidy at the centre of his 2027 campaign, promising a rapid security overhaul in his first 100 days in office and vowing to reverse one of President Bola Tinubu’s signature economic reforms, a stance that has already provoked firm pushback from the Federal Government. Speaking…
Former Vice President Atiku Abubakar has launched a blistering critique of President Bola Tinubu’s economic claims, insisting official statistics conceal widespread hardship. In a statement issued by his media aide Phrank Shaibu, the opposition leader argued that the macroeconomic recovery narrative collapses in the face of shuttered factories and hollowed-out family budgets. Polished charts do…
The long running question of where Nigeria’s fuel subsidy savings have gone hardened into an open dispute on Thursday, as the Federal Government gave its most detailed account yet of how the money was spent and organised labour dismissed the explanation as unverifiable. Speaking at the 7th Africa Emerging Markets Forum in Abuja,…
Nigeria will not return to the ruinous era of fuel subsidies or state-mandated price controls. Finance Minister Taiwo Oyedele confirmed this stance to global investors in Paris this week. He argued that subsidies create economic distortions that the country can no longer afford. The government remains convinced that market forces are the only credible way…
Aliko Dangote’s refinery has scrapped its brief attempt to raise the price of petrol at its gates. On Wednesday, the firm reversed a N75 increase that had pushed the depot price toward N1,350 per litre. The cost for marketers has now returned to the N1,275 benchmark. This pivot follows a week of confusion that saw…