We spent $10bn on fuel subsidy in 2022 — NNPC

Nigeria’s NNPC spent 4.39 trillion naira ($9.7 billion) on petrol subsidy last year, latest data from the state-owned firm showed on Friday, a cost the government has blamed for dwindling public finances. NNPC did not remit funds to federal accounts last year, its data showed, leaving a hole in public finances at a time when […]