A recent Cadre Harmonisé (CH) report warns that approximately 33.1 million Nigerians, including 514,474 internally displaced persons (IDPs), are expected to experience a food crisis […]
Category: Economy
Economy
Nigerian Governors Forum Acknowledges Nationwide Hunger, Backs Tinubu’s Reforms
Following an extensive meeting, the Nigeria Governors’ Forum (NGF) has expressed awareness of the widespread hunger affecting Nigerians and voiced appreciation for President Bola Tinubu’s […]
NNPCL Raises Petrol Price to N1,025/Liter Amid Economic Challenges and Calls for Local Production
The Nigerian National Petroleum Company Limited (NNPCL) has once again raised the price of Premium Motor Spirit (PMS), also known as petrol, to N1,025 per […]
Ex-CBN Governor Emefiele’s Despatch Rider Testifies on Unrecorded Millions of Dollars in Court
At the Ikeja Special Offences Court, Monday Osasuwa, former despatch rider for ex-CBN Governor Godwin Emefiele, testified about handling millions of dollars for his former […]
Nigerian Army Dismantles Illegal Refineries, Seizes Over 100,000 Litres of Stolen Diesel in Niger Delta Crackdown
The 6 Division of the Nigerian Army in Port Harcourt has reported a major crackdown on illegal refineries across the Niger Delta, deactivating three artisanal […]
FG’s New Jet for Presidential Fleet is Refurbished, Not Newly Acquired – Onanuga Clarifies
Presidential spokesperson Bayo Onanuga has clarified that the Federal Government recently acquired a refurbished jet, not a new one, for the presidential fleet. Speaking on […]
Nigeria’s Public Debt Rises to N134.3tn Amid Naira Devaluation, Oversubscribed Domestic Dollar Bond
Nigeria’s public debt stock surged by N12.6tn in the second quarter of 2024, reaching N134.3tn ($91.3bn), largely driven by the naira’s devaluation, according to a […]
Dangote Refinery Begins Direct Petrol Supply to Marketers, Bypasses NNPC
The Dangote Petroleum Refinery has started supplying Premium Motor Spirit (PMS), popularly known as petrol, directly to oil marketers, bypassing the Nigerian National Petroleum Company […]
Nigeria’s Power Woes: National Grid Collapses Despite Billions in Loans
Nigeria’s national grid has collapsed 105 times in recent years, despite significant investments and multiple loans aimed at revamping the power sector. Under both President […]
Four Vessels Deliver 123.4 Million Litres of Petrol to Boost Nigeria’s Fuel Supply
No fewer than four vessels carrying a combined 123.4 million litres of Premium Motor Spirit (PMS), commonly known as petrol, arrived at Nigeria’s seaports between […]