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The Federal Government spent $112.35m servicing external debt in January 2023, according to the Central Bank of Nigeria (CBN). Data from the CBN’s Weekly International Payments showed that the amount spent in January was 146.17 per cent higher than the $45.64m spent in December 2022. This occurred as the Federal
May 12,2023. The Federal Government spent $112.35m servicing external debt in January 2023, according to findings by Naija247news Data from the Central Bank of Nigeria’s Weekly International Payments showed that the amount spent in January was 146.17 per cent higher than the $45.64m spent in December 2022. This occurred as the Federal Government struggled to |
“No change in the overall policy direction regarding the petrol subsidy is envisaged by June 2023,” an official said.
The minister noted that the country needs to exit the fuel subsidy regime because it is a very significant contributory factor to...
Barely six weeks to the inauguration of a new government at the centre, conflicting positions of major stakeholders in the oil and gas sector are making it unclear whether or not the country will exit the fuel subsidy regime as planned.