Emerging Markets
Emerging Markets
Latin America, Africa and the Middle East: the currencies, commodities and companies of the emerging world.
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Nigeria fuel subsidy removal averted N53trn fiscal hit
Retaining Nigeria's petrol subsidy would have cost N53 trillion and pushed the naira to 3,500 per dollar, the head of the Nigeria Revenue Service said, defending reforms crucial to stabilizing public finances and attracting downstream oil investment.
2 min read · 12 Aug 2026
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