Petrol stations across the country have raised their pump prices following the latest hike in supply costs. In the Federal Capital Territory (FCT), major and […]
Category: Economy
Economy
Ex-CBN Deputy Governor Testifies Against Emefiele, Claims Buhari Didn’t Approve Naira Redesign Process
The trial of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, continued on Wednesday, with ex-CBN Deputy Governor Edward Adamu testifying […]
FG Denies Role in Latest Petrol Price Hike as NNPCL Cites Global Market Pressures
The Federal Government has distanced itself from the recent hike in petrol prices, following the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise the […]
Nigeria Secures $6.45bn in World Bank Loans Under Tinubu, Sparking Debt Concerns
In just 16 months under President Bola Tinubu, Nigeria has secured loans worth $6.45 billion from the World Bank, with the latest approval of $1.57 […]
Nigerians React as NNPCL Increases Petrol Pump Price to Over N1,000 per Litre
The full deregulation of Nigeria’s downstream oil sector appears to have taken off, as the Nigerian National Petroleum Company Limited (NNPCL) raised petrol pump prices […]
Dangote Urges End to Crude Oil-For-Loan, Calls for Domestic Refining Boost
Aliko Dangote, President of Dangote Group, has emphasized the need for Nigeria to halt mortgaging its crude oil to secure sufficient feedstock for local refineries. […]
FCT Residents Lament as NNPCL Increases Petrol Price to N1,030 per Litre
On Wednesday, October 9, residents of the Federal Capital Territory (FCT) were thrown into dismay after the Nigerian National Petroleum Company Limited (NNPCL) raised the […]
South Korean Consortium to Build Four Refineries in Nigeria, Says FG
A consortium of South Korean investors is set to build four refineries in Nigeria, each with a capacity of 100,000 barrels, the Federal Government announced […]
Naira-for-Crude Deal with Dangote Refinery Set to Last Six Months
The Nigerian National Petroleum Company Limited (NNPC) has initiated a naira-for-crude deal with the Dangote Petroleum Refinery, set to last for six months in its […]
Banks Thrive Amid Economic Gloom
The Nigerian banking sector is experiencing a notable surge in profits despite the broader economic challenges facing the country. Key findings from Financial Vanguard’s report […]