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‘It’s regressive’ –  IMF warns Nigeria against restoring petrol subsidy

‘It’s regressive’ – IMF warns Nigeria against restoring petrol subsidy

The International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately benefited higher-income consumers and could worsen pressure on public finances amid rising borrowing costs. Rodrigo Valdés, […]
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Nigerian newspapers review: [PFIPC] Gbaja slams N15b suit against Adeyemi

Nigerian newspapers review: [PFIPC] Gbaja slams N15b suit against Adeyemi

In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with the Chief of Staff to the President, Femi Gbajabiamila, instituting a N15 billion defamation suit against Prince Adeniyi Adeyemi at the Federal Capital Territory High Court, Abuja, over allegations that he demanded a 48 per cent kickback from a N27.3 billion take-off grant approved for a federal agency.

Dollar to Naira exchange rate today, July 17, 2026

Dollar to Naira exchange rate today, July 17, 2026

The Nigerian naira traded within a relatively stable range against the United States dollar on Friday, July 17, 2026, as the official Nigerian Foreign Exchange Market (NFEM) continued to reflect modest day-to-day movements, while the parallel market maintained a premium over the official window.