Oil marketers, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have urged the federal government and key stakeholders to establish the […]
Category: Economy
Economy
Nigerian Navy destroys 182,000 Litres of Crude Oil in Illegal Refinery Raid
Operatives from the Nigerian Navy Forward Operating Base (FOB) in Igbokoda, Ondo State, have successfully demolished an illegal refinery in the Biokpu/Opouama riverine communities within […]
Deputy Speaker Vows National Assembly will Overhaul Laws to Accommodate Foreign Investors
Deputy Speaker Benjamin Kalu has affirmed the National Assembly’s readiness to revise existing laws to enhance investor confidence and facilitate direct foreign investments. He highlighted […]
Lagos discounted ‘Ounje Eko’ to Launch on Sunday
Governor Babajide Sanwo-Olu has directed that essential food items at the “Ounje Eko” markets in all five divisions of Lagos be sold at a discounted […]
Tinubu Vows Unyielding Resolve Against Smugglers and Subsidy Abusers
President Bola Tinubu has pledged to uphold Nigerians’ trust in his administration despite facing opposition from smugglers and former petrol subsidy beneficiaries. Speaking at a […]
Lagos Tax Revolution: 50 Taxes to be Slashed, Simplified into Single Digits in 2024
The Executive Chairman of the Lagos Internal Revenue Service (LIRS), Ayodele Subair, has announced plans to streamline about fifty taxes down to single digits, aiming […]
Oil Production Plummets: Nigeria Struggles to Meet Quotas Amidst Executive Orders for Industry Overhaul
Nigeria’s crude oil production experienced a 7.94% decline month-on-month, dropping to 1.322 million barrels per day (bpd) in February 2024 from 1.427 million bpd in […]
Government Orders Revocation of Underperforming DISCOs’ Licenses Amid Power Crisis
President Bola Ahmed Tinubu’s administration has instructed the Nigerian Electricity Regulatory Commission (NERC) to revoke licenses of underperforming electricity distribution companies (DISCOs). This directive was […]
House of Representatives Orders Banks to Swiftly Reverse Customers’ Funds
The House of Representatives has mandated banks in Nigeria to promptly reverse customers’ funds, regardless of whether complaints are lodged. They emphasized the need for […]
Drama Unfolds in Senate Over Alleged Budget Padding
Tension arose in the Senate chambers as Senator Olamileken Adeola (Ogun West) confronted the assembly, demanding transparency in budget proceedings. His outburst followed accusations by […]