The Federal Government has granted petroleum marketers permission to purchase petrol directly from local refineries, removing the Nigerian National Petroleum Company Limited (NNPCL) as a […]
Category: Economy
Economy
Kano Governor Abba Yusuf Donates ₦100 Million to Kantin Kwari Fire Victims, Pledges Market Infrastructure Upgrades
Kano State Governor Abba Yusuf has provided ₦100 million in financial support to traders affected by the recent fire at the Kantin Kwari Textile Market. […]
House of Representatives Urges Federal Government to Halt Multiple Taxation Amid Economic Hardship
The House of Representatives has called on the federal government to stop imposing additional economic burdens on Nigerians through unnecessary and multiple taxation. This resolution […]
Fuel Price Hike Sparks Tensions Between IPMAN and NNPCL, as Nigerians Lament Economic Hardship
The latest hike in petrol prices by the Nigerian National Petroleum Company Limited (NNPCL) has led to a confrontation with the Independent Petroleum Marketers Association […]
Fuel Price Surge: Stations Adjust Prices Nationwide Amid Supply Crisis
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 […]
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. […]