NewsBreakNigeria
USD/NGN 1,330.21GBP/NGN 1,758.26USD/NGN black market ₦1,385 ▴0.7%GBP/NGN black market ₦1,850EUR/NGN 1,489.68JPY/NGN 8.41CAD/NGN 933.93
USD/NGN 1,330.21GBP/NGN 1,758.26USD/NGN black market ₦1,385 ▴0.7%GBP/NGN black market ₦1,850EUR/NGN 1,489.68JPY/NGN 8.41CAD/NGN 933.93
Business

Nigeria’s fuel subsidy is gone, but its legacy is still absorbing oil gains

Nigeria’s government says it is no longer subsidising petrol, yet the financial legacy of the old subsidy regime is still

Aggregated · originally by BusinessDay
8 Oct 2026, 18:00 WAT · 3 min read
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Nigeria’s fuel subsidy is gone, but its legacy is still absorbing oil gains

Nigeria’s government says it is no longer subsidising petrol, yet the financial legacy of the old subsidy regime is still

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