N4,000/$ Exchange Rate: NDC asks why refineries are not working

N4,000/$ Exchange Rate: NDC asks why refineries are not working

By Henry Umoru ABUJA — The Nigeria Democratic Congress (NDC) has faulted the Federal Government’s warning that a return to petrol subsidy could push the naira to between N3,000 and N4,000 per dollar, demanding explanations for the failure of the country’s refineries to operate effectively. The party also questioned why Nigeria had mortgaged a sizeable […]

Bringing Back Fuel Subsidy Will Crash Naira to N4,000/$ — Finance Minister - Economi Confidential

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has cautioned that any attempt to reintroduce petrol subsidy would trigger capital flight, erode investor confidence, and push the naira to as low as N4,000 to the dollar.

Petrol subsidy return could push dollar to ₦4,000, Oyedele warns - NewsTmes.com.ng

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that returning to petrol subsidy could trigger capital flight, weaken the naira and push the exchange rate towards ₦4,000 per dollar. Oyedele gave the warning on Monday during a press briefing at the International Monetary Fund (IMF) and World Bank Annual …

Oyedele warns fuel subsidy return could push Naira to ₦4,000

By Boluwatife Oshadiya | October 20, 2026 Key Points Main Story Nigeria’s Finance Minister, Taiwo Oyedele, has warned that even considering a return to petrol subsidies could trigger capital flight and push the naira towards ₦4,000 per dollar, undermining investor confidence and increasing economic pressure on households. Speaking at the closing press briefing of the […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.