NewsBreakNigeria
USD/NGN 1,331.01GBP/NGN 1,759.40USD/NGN black market ₦1,390GBP/NGN black market ₦1,850EUR/NGN 1,491.75JPY/NGN 8.42CAD/NGN 935.30
USD/NGN 1,331.01GBP/NGN 1,759.40USD/NGN black market ₦1,390GBP/NGN black market ₦1,850EUR/NGN 1,491.75JPY/NGN 8.42CAD/NGN 935.30

Fuel subsidy would cost Nigeria over N20trn yearly — Minister

The Federal Government has rejected calls for the return of petrol subsidy, warning that restoring petrol to its pre-reform price would cost more than N20 trillion annually and could eventually push the exchange rate…

Aggregated · originally by Premium Times
8 Oct 2026, 21:01 WAT · 3 min read
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Fuel subsidy would cost Nigeria over N20trn yearly — Minister

The Federal Government has rejected calls for the return of petrol subsidy, warning that restoring petrol to its pre-reform price would cost more than N20 trillion annually and could eventually push the exchange rate…