When former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, on August 19, 2026, pledged to restore the petrol subsidy if elected president in 2027, his declaration immediately reignited a national political and economic debate, with stakeholders divided over whether the policy would ease Nigerians’ economic hardship or reverse reforms already undertaken …
The presidential candidate of the Accord Party, Gbenga Olawepo-Hashim, has said petrol would sell for no more than ₦605 per litre under an Accord administration, with the possibility of reducing the price to between ₦200 and ₦300 if production costs and the exchange rate are brought under control. Hashim said the ₦605 price would be …
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has said the Federal government should sell only a 51 per cent stake in the refineries managed by the Nigeria National Petroleum Company (NNPC) Limited to private investors. Osifo said PENGASSAN has always maintained that the government should not sell …
Iran has introduced a new pricing tier for its nationally subsidised gasoline in an effort to rein in rising economic pressures, marking the most significant adjustment to the country’s fuel-subsidy system since the 2019 price hike that sparked widespread protests and a violent crackdown. Under the revised system, Iranian motorists can still purchase 60 litres …
The Presidency has said former President Goodluck Jonathan is free to contest the 2027 general election but warned that Nigerians will not forget what it described as his “dismal record” in office. Bayo Onanuga, Special Adviser to President Bola Tinubu on Information and Strategy, made the remarks in a statement on Monday in Abuja while …
