Tag: NAIRIA

Naira Devaluation Will Push Petrol Subsidy To N7.1b Per Day

The devaluation of the naira from N379/$ to N411/$ will push the daily subsidy on petrol to N7.1 billion as it will raise the product’s landing cost. According to an economic report released at the weekend, Managing Director, Financial Derivatives Company (FDC) Limited,