President Bola Tinubu’s administration came under fire over the weekend after the Nigerian National Petroleum Company Limited (NNPCL) admitted that Nigeria’s state-owned refineries in Port […]
Category: Economy
Economy
Fuel Prices Soar Amid Middle East Tensions, Depot Strikes—PENGASSAN Accuses Marketers of Exploiting Nigerians
Amid escalating tensions in the Middle East and growing unrest at home, Nigerians are bracing for a fresh wave of fuel price hikes, with Premium […]
Dangote Refinery Set to Begin Fuel Distribution Nationwide Amid Lagos E-Call Up Tensions
Amid growing fears of fuel scarcity in Lagos and other parts of Nigeria, the Dangote Petroleum Refinery has announced plans to commence the nationwide distribution […]
Nigeria’s $5bn Aramco Oil-Backed Loan Stalls as Crude Prices Plunge
The Federal Government’s ambitious plan to secure a $5 billion oil-backed loan from Saudi oil giant Aramco is facing serious setbacks due to falling crude […]
IPMAN to Dangote: Petrol Price Should Drop Below N825/Litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Petroleum Refinery to further reduce the price of Premium Motor Spirit (PMS), […]
US Remittance Tax Threatens Nigeria’s Foreign Exchange Inflows
Nigeria’s foreign exchange earnings from diaspora remittances face a looming threat as the United States edges closer to enforcing a new tax on international money […]
Ram Sellers Lament Low Patronage Ahead of Eid as Prices Soar
As Nigerians prepare for the Eid-El-Kabir celebration, ram traders across markets in Lagos and Ogun states are lamenting poor sales and low patronage, attributing the […]
Lagos Truckers Protest Extortion, Defend ETO Call-Up System Amid Growing Racketeering
A major protest erupted across Lagos ports on Wednesday as maritime truckers and fleet owners marched from the Lilypond Truck Park in Ijora to the […]
Presidency Clarifies Tinubu’s $20bn Borrowing Plan, Dismisses Misconceptions
The presidency has debunked widespread reports suggesting that President Bola Ahmed Tinubu is seeking to borrow a lump sum of $20 billion, clarifying that the […]
CBN Cuts Net Loans by N4.1tn, Recovers N253bn Intervention Funds Amid Tightening Reforms
The Central Bank of Nigeria (CBN) recorded a sharp reduction of N4.145 trillion in net loans and receivables in 2024, driven by a sweeping retrenchment […]