Nigeria spends increased revenue on cash transfers – Finance Minister Edun
Nigeria’s Minister of Finance, Wale Edun, said the country is spending its increased revenue on social investment, such as cash…
Category: Business
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Bonga Oil Spill: Group accuses Shell, partners of $1bn insurance claim diversion
Executive Director of Oil Spill Victims Vanguard (OSPIVV), Harrison Jalla, has accused the Shell Trading and Shipping Company Limited (STATSCO)…
Aviation: Air Peace boss, Onyema seeks Nigerian Govt intervention over multiple charges
The Chief Executive Officer of Air Peace, Allen Onyema, has appealed to the federal government to facilitate the removal of…
FIRS allays fears over tax reform, denies new taxes
The Federal Inland Revenue Service, FIRS, has allayed fears over tax reforms that would lead to new taxing systems, stating…
Blackout: Incessant grid collapses expose TCN inadequacies – Olubiyo
The President of Nigeria Consumer Protection Network, Kunle Olubiyo has said the reoccurrence of National grid collapses which leave the…
National grid: AEDC restores power hours after outage
The power outage experienced by Nigerians in the evening of Monday has been restored in some parts of the Federal…
FG plans 25% income tax on wealthy Nigerians
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms has said that the federal government…
Subsidy removal, FX unification policies meant to stabilise Nigeria’s macroeconomic environment – Presidency
President Bola Tinubu has insisted that recent economic measures, particularly the removal of fuel subsidy and the unification of foreign…
Naira appreciates massively against dollar to begin week
The Naira strengthened significantly against the dollar at the foreign exchange market on Monday to resume on a good note.…
Hardship: Sokoto govt announces food sale at 55% discounted price
The Governor of Sokoto State, Ahmed Aliyu has inaugurated a committee to sell food at a 55 percent discounted price…
Hardship: Tinubu fuel subsidy removal brought price parity – GCEO NNPC, Kyari
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the removal of…
Fuel price hike: Marketers reveal details of meeting with DSS
Nigeria’s oil marketers have said the director general of the Department of State Services, Adeola Ajayi has intervened in its…
Nigerians groan as electricity bills sap 57% of minimum wage earners’ salaries
When the Federal Government announced in September that it would start paying the proposed minimum wage of N70, 000, with…
Togo, Benin owe Nigeria $5.79m electricity debt in Q2 – NERC
Togo, Benin international bilateral electricity customers owed Nigeria a total sum of $5.79 million as electricity debt in the second…
NNPCL urged to remove hidden levies on Dangote Fuel Prices
The Coalition for Energy Reforms and Good Governance Advocacy on Sunday called on the Nigerian National Petroleum Company Limited, NNPCL…
Sachet water ban will lead to job losses – Lagos residents
Some residents of Lagos State have expressed concerns over the proposed move by the state government to ban single-use plastics…
Dangote Refinery to commence crude oil production – Report
Dangote Refinery plans to commence crude oil production, according to S & P Global Commodity Insights. This is coming amid…
PIA: NUPRC asked to account for 3% OPEX revenue from oil companies in Akwa Ibom
Oil producing communities in Akwa Ibom State, civil society organisations as well as the media have called on the Nigerian…
CNG: NNPC signs gas supply deal for $3.3bn methanol plant in Bayelsa
The Nigerian National Petroleum Company (NNPC) Limited signed a partnership with Shell, TotalEnergies, and Agip, to complete a historic agreement…
Naira depreciates against dollar to end week on negative note
The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note. FMDQ…
Court rejects Binance executive’s fresh bail plea
A Federal High Court in Abuja, on Friday, dismissed a fresh bail application filed by the detained Binance Holdings Limited’s…
DYQUE Energy to uveil plans to tackle power instability, high energy costs, environmental hazards at Nigeria Energy 2024 Exhibition
As the global energy sector continues to evolve, DYQUE Energy, a forward-thinking clean energy solutions provider, is set to unveil…
We’re revolutionizing Nigeria’s podcast landscape with unparalleled production quality – Eggcorn Digital
The vision of Eggcorn Digital to bring world-class audio and video production to the Nigerian market has quickly become a…
US inflation eases to 2.4% in September as NBS gets set to release Nigeria’s latest figures
The United States headline inflation dropped to 2.4 percent in September 2024 from 2.5 percent in August as Nigeria gets…
Fuel price hike: NNPCL punishing Nigerians – IPMAN rejects price, threatens shutdown
More trouble looms for Nigerians as the Independent Petroleum Marketers Association of Nigeria has rejected the ex-depot price of Premium…
Dangote Refinery will save Africa from being a dumping ground – Grenada PM, Mitchell
The Prime Minister of Grenada, Dickon Mitchell has said that the 650,000 barrels per day Lagos-based Dangote Refinery will save…
Nigerian govt issues guidelines on exemption of third-party research grant from TSA
The Nigerian government through the Accountant General of the Federation, Oluwatoyin Madein has issued fresh guidelines for the exclusion of…
Fuel hike: Dangote Refinery operates secret petrol pricing – Marketers
Nigeria’s petroleum marketers have accused Dangote Refinery of operating a secret petrol price regime. The president of the Petroleum Products…
Fuel price hike: Tinubu listened to Dangote’s call for total subsidy removal – Marketers
Petroleum marketers have said that President Bola Tinubu adopted the advice of Aliko Dangote, President of Dangote Group, in implementing…
Fuel price hike: NNPCL owing IPMAN almost N15bn – Garima
Abubakar Garima, National President, Independent Petroleum Marketers Association of Nigeria, IPMAN, has disclosed that Nigerian National Petroleum Company Limited, NNPCL,…
Fuel price hike: Marketers give reason as NNPCL inflict more pain on Nigerians
Nigerians woke up to the rude shock of another Premium Motor Spirit (petrol) price increase to between N1030 and N1,200…
Naira drops against dollar amid fresh fuel price hike
The naira depreciated significantly against the dollar at the foreign exchange market as the Nigerian National Petroleum Company Limited, NNPCL,…
Real reason NNPCL increased fuel pump prices again – Marketers
Petroleum marketers have said the Nigerian government has completely removed the subsidy on Premium Motor Spirit (petrol), which is the…
BREAKING: Again, NNPCL increases fuel pump price
The Nigerian National Petroleum Company Limited, NNPCL, has again jerked up the pump price of the Petroleum Motor Spirit, PMS,…
Nigerian minister Lokpobiri denies directing NNPCL to dump Port Harcourt Refinery
Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has denied directing the Nigerian National Petroleum Company Limited, NNPCL, to…
Why Nigerian govt should stop Crude-for-loan deals – Dangote
The President of Dangote Group, Aliko Dangote has urged the federal government to end all crude oil for loan deals.…
Nigeria’s foreign investment rises by 152% to $2.6m
Nigeria’s capital importation, known as foreign investments, rose by 152.81 per cent to $2.604.50 million in the second quarter of…
Dump Port Harcourt Refinery for Dangote oil firm – Minister Lokpobiri tells NNPCL
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited (NNPCL) to…
Dangote Refinery built without support from Nigerian Govt – Aliko
The President of Dangote Group, Aliko Dangote, has said his 650,000 barrels per day capacity refinery was built without a…
CBN assures safety of all deposits in Nigerian banks
The Central Bank of Nigeria, CBN, has again assured Nigerians not to panic as it has put in place policies…
Dangote Refinery will propel Africa out of poverty — AU emissary Chambas
African Union Representative Mohammed Chambas said Dangote Refinery would propel Africa out of poverty. A statement on Monday by Dangote…
Public, private sector synergy way to overcome Nigeria’s economic woes – Shettima
Vice President Kashim Shettima has reiterated Federal Government’s commitment to fostering partnerships with the private sector, stressing that it is…
Naira depreciates against dollar amid FX supply drop
The naira depreciated against the dollar at the foreign exchange market to begin the week as FX supply dropped further.…
Apapa Command Customs collects N1.6tn revenue in Q3
The Apapa Port Command of the Nigeria Customs Service said it collected N1.6 trillion in revenue by the end of…
Nigeria’s electricity generation drops to 4,998.20mw amid high energy costs
Nigeria’s electricity generation peak dropped to 4,998.20 megawatts on October 6, 2024, from 5234.70 MW recorded last Tuesday amid high…
Nigerian govt announces kickoff of Naira-for-crude sale with Dangote Refinery
The Minister of Finance, Wale Edun, has announced that the Nigerian government has begun the Naira-for-crude sale deal with Dangote…
60 million Nigerians gamble daily – Lottery agency DG
Michael Eja, the Director General of Cross Rivers State Lottery and Gaming Agency, has said that an estimated 60 million…
Petrol pump price may rise further in Nigeria – Marketers
More problems loom for Nigerians as Nigerian oil marketers have hinted that there may be a fresh Premium Motor Spirit…
Naira appreciates further against dollar to end week on good note
The naira appreciated further against the dollar at the foreign exchange to end the week on a good note. FMDQ…
Brent, Nigerian oil blends race to $80 per barrel amid Israel, Iran conflict
Brent and Nigerian oil blends recorded a rebound to around $78 per barrel on Friday from a low of $70…