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Fuel Scarcity: Panic Buying In Lagos, Abuja

Queues returned to petrol stations in parts of Lagos yesterday. The fear of scarcity spread across the metropolis. In Abuja, the queues, which have lingered for some days, continued. In both cities, black marketers flooded major highways with petrol in cans, selling to motorists on the roadside. In Lagos, vehicles …

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IMF Insists On Fuel Subsidy Removal

The position of the organization was contained in the Executive Board’s conclusion of the Article IV consultation with Nigeria report, which was released, yesterday. According to the Fund’s statement on the report, “Directors also urged the removal of untargeted fuel subsidies, with compensatory measures for the poor and transparent use …

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Nigeria Living On Extra Time – Sanusi

The 14th Emir of Kano, Alhaji Muhammadu Sanusi II, has declared that Nigeria “is living on extra time”. Speaking in Abeokuta, Ogun State capital, at a reception marking the 80th birthday of Babanla Adinni of Egbaland, Chief Tayo Sowunmi, Sanusi said the country would face deeper challenges from 2023. The …

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