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Why FG should reveal names of subsidy beneficiaries - NLC
Business

Ajaero becomes NLC national president

The Nigeria Labour Congress has elected Mr. Joe Ajaero as its new president. Ajaero won the election for President of the Congress at the recently finished 13th Quadrennial Delegates Conference of the NLC, which was held in Abuja, the capital of the country. Ajaero, the congress’ deputy president, was chosen by consensus to succeed Ayuba […]

IMF logo
Business Uncategorized

IMF urges FG to remove fuel subsidy June 2023

The International Monetary Fund has implored the Federal Government to fulfil its plans to remove fuel subsidy by June. The prominent financial agency of the United Nations, IMF stated this on Wednesday in a publication on their website titled ‘IMF Executive Board Concludes 2022 Article IV Consultation with Nigeria.’ The publication highlighted that Nigeria’s economy […]

President of the MAN, Francise Meshioye
Business

MAN tasks CBN on effective monetary system

The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to take on an effective monetary system to stop the hardship that is caused by the new naira design. This was stated on Tuesday by the President of the association, Francise Meshioye, at the Annual MAN reporter of the year award. According to […]

Buhari
Policy and Regulations

Buhari unveils second country review report

BuhariThe President, Major General Muhammadu Buhari (Ret’d.) has launched the county’s second review report and national programme of action of Nigeria.   According to a statement by the presidential spokesman, Femi Adesina, Buhari expressed delight that electoral, pension, tax and monetary policy reforms undertaken by his administration had received commendations from African policy experts, who […]

Economy featured

Supreme Court halts CBN from banning old naira

Juliet Buna   The Supreme Court on Wednesday temporarily halted the move by the Federal Government to ban the use of the old naira notes from February 10, 2023.   According to The PUNCH, a seven-member panel led by Justice John Okoro, halted the move of the federal government in a ruling in an exparte […]

TETFund urges FG to increase education tax
Business

Buhari holds emergency meeting over naira, fuel crises

President Muhammadu Buhari will call an emergency Council of State meeting on Friday in order to address the issues plaguing the country, including the naira, petrol shortage, and insecurity ahead of the February 25 presidential election. According to Daily Post, on Friday at 10 a.m., the Central Bank of Nigeria, and the Independence National Electoral Commission […]

Mele Kyari
Oil and Gas

Expect fuel scarcity to end next week – NNPCL

The Nigerian National Petroleum Corporation Limited has assured that the ravaging fuel scarcity in the country will come to an end next week.   The Managing Director of the NNPCL, Mele Kyari, said this during a interview on Channels TV on Tuesday.   He said he “could not assure that the queues at the fuel […]

NGX board members
Business

NGX sets up tech products advisory panel

The Nigerian Exchange Limited sets up the NGX Digital and Technology Products Advisory Panel. The Panel is geared with the responsibility of enhancing and increasing the NGX’s digital product offerings through the Exchange’s interaction with the capital market community and the fintech ecosystem NGX is leading the development of African’s financial market through her wide […]

IPMAN ends strike, orders sale of petrol
featured Oil and Gas

IPMAN ends strike, orders sale of petrol

Juliet Buna The Independent Petroleum Marketers Association of Nigeria said it has called off the suspension notice earlier sent to its members following an amicable resolution of the issues of contention. The association had earlier on Monday sent out a notice to its members, directing them to suspend the sale of petrol and to shut […]

Petrol pump
Business

Stop selling fuel, IPMAN orders members

The Independent Petroleum Marketers Association of Nigeria in Maiduguri on Monday ordered marketers to stop selling fuel February 6, 2023. This was owing to the loss being encountered during this period following the Federal Government’s imposed selling price. Last June, the government set a fixed pump price for petrol which is N165 per litre as […]

BP- Uk-based oil and gas
Business

Uk-based multinational BP hits $28bn profit in 2022

A UK-based multinational oil and gas company, BP, on Tuesday reported that it made a profit of $28 billion for 2022, following the surge in energy prices since the Russian Ukraine War. This is a high record profit in the same pattern as their competitors, Shell and Chevron reported last week. The chief executive officer […]

Lagos plans CNG-powered buses by end of 2024
Economy

LIRS, FIRS joint tax agreement’ll benefit Nigerians – Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State has expressed optimism that the state’s bilateral agreement with the Federal Government of Nigeria will benefit Nigerians. Sanwo-Olu stated this on Monday during the signing ceremony for a memorandum of understanding between the Federal Inland Revenue Service and the Lagos State Inland Revenue Service, according to Arise TV. The agreement creates […]