Nigeria has signaled its commitment to enhancing bilateral relations with Indonesia, particularly in areas of trade, investment, and knowledge exchange. The Minister of Information and […]
Category: Economy
Economy
Lagos State, Shipping Firm Launch Panels Over Coastal Damage
The Lagos State Government and a shipping company have initiated separate investigations into the destruction of a multibillion-naira coastal groin at the Mayegun Waterfront Scheme. […]
FCCPC Orders Price Cuts Amid Concerns Over Market Practices
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a one-month ultimatum for traders and market stakeholders to reduce exploitative pricing practices. At a […]
Nigeria Signs Major Deal with Boeing to Revamp Aviation Sector
The Nigerian government has signed a landmark Memorandum of Understanding (MoU) with Boeing to elevate the country’s aviation sector. Announced by Tunde Moshood, Special Assistant […]
Petrol Prices Soar as Independent Marketers Sell at N900 to N1,000/Litre Amid Fuel Supply Crisis
Petrol prices have skyrocketed in many parts of Nigeria, with independent oil marketers selling Premium Motor Spirit (PMS) at rates ranging between N900 and N1,000 […]
Petrol Scarcity Worsens as Prices Surge to N780 Per Litre Amid Depot Shortages
Petrol scarcity in Nigeria has worsened, particularly in Lagos, Ogun, and other states, as independent marketers began lifting the product from private depots at N780 […]
Social Media Users Express Outrage Over Increased Nigerian Passport Fees
Nigerians across social media platforms such as X (formerly Twitter), Facebook, and Instagram have voiced their displeasure at the recent hike in fees for the […]
EFCC Releases Sacked Hajj Commission Chairman and Secretary on Bail Amidst Ongoing N90bn Fund Probe
The Economic and Financial Crimes Commission (EFCC) has released Jalal Arabi, the sacked Chairman of the National Hajj Commission of Nigeria, and the commission’s secretary, […]
Togo and Benin Fails to Pay $14.19 Million for Nigerian Electricity in Q1 2024
International bilateral customers in the Nigerian electricity supply industry did not make any payments against the cumulative invoice of $14.19 million issued by the Market […]
NNPCL Confirms N5.1tn Debt in 2023 Fuel Importation, Sparks Criticism Over Transparency
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 […]