The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the Federal Government incurred a debt of N5.1 trillion in under-recovery and energy security expenses […]
Category: Economy
Economy
Aviation Agencies Panic as FG Increases Treasury Single Account (TSA) Contribution to 50%
The Federal Government’s decision to raise the contribution of aviation agencies to the Treasury Single Account (TSA) from 40% to 50% has ignited widespread concern […]
NNPC Clarifies: No Fuel Subsidy Payments Made in Last Nine Years
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that it has not paid any fuel subsidy to marketers or any other entities in […]
NEMA Delivers 1,528.2 Metric Tonnes of Grains to Jigawa State Under Presidential Food Support Program
The National Emergency Management Agency (NEMA) has distributed 1,528.2 metric tonnes of assorted grains to Jigawa State as part of a federal initiative to support […]
Former Senator Ishaku Abbo Reveals Financial Struggles During Tenure, Claims N14.4 Million Monthly Allowances Insufficient
Ishaku Abbo, a former senator from the Adamawa North Senatorial District, has opened up about the financial challenges he faced during his time in the […]
Donald Duke Urges Govt to Slash Energy Costs to Tame Inflation
Former Cross River Governor Donald Duke has warned that Nigeria’s inflation rate of 33.40% won’t drop significantly unless the federal government addresses high energy costs. […]
NNPCL Refutes $6.8 Billion Debt Allegations
The Nigerian National Petroleum Company Limited (NNPCL) has strongly denied allegations that it owes international oil traders a debt of $6.8 billion. The company issued […]
School Owners Sue Lagos Governor Over Alleged N11bn Demolition
A Lagos-based school owner, Paulin Eboagwu, and her husband, Daniel Eboagwu, have filed an N11 billion lawsuit against Governor Babajide Sanwo-Olu and six others over […]
President Tinubu Signs Key Gas Pipeline Deal with Equatorial Guinea
President Bola Ahmed Tinubu, during his three-day official visit to Equatorial Guinea, urged African nations to seek home-grown solutions to their socio-economic and political challenges. […]
Timber Associations Urge Lagos State Government to Ensure Proper Management Before Evicting Okobaba Timber Market
A coalition of timber dealers, including the Ifesowapo Timber Contractors Association, Ijaw Timber Contractors Association, Towing Vessels Association of Nigeria, Timber Sawyers Association of Nigeria, […]