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Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
Opinion

Subsidy: Tinubu started on a wrong foot, says rights group

The Committee for Defence of Human Rights has said the President, Bola Ahmed Tinubu, started on a very wrong footing by announcing the removal of fuel subsidy during his Inauguration.   It, therefore, urged Tinubu to commence the full implementation of policies and programmes already put in place by the previous administration, so as to […]

NMDPRA calls for calm amid PMS subsidy removal
Oil and Gas

NMDPRA calls for calm amid PMS subsidy removal

Juliet Buna The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday assured of an adequate supply of PMS to meet the demand of consumers. This is coming after President Bola Tinubu on Monday declared the removal of fuel subsidy. The NMDPRA in a statement signed by its General Manager of corporate communications Kimchi Apollo […]

HURIWA criticizes NBS over unemployment data
News

HURIWA knocks Tinubu over subsidy removal

The Human Rights Writers Association of Nigeria has denounced Tinubu’s declaration to eliminate fuel subsidy, saying it is autocratic and unlawful. Arise News reported that the national coordinator of HURIWA, Emmanuel Onwubiko, criticized the decision to end fuel subsidies in a statement as being careless, foolish, and insensitive. The rights organization asked the labor movement and civil rights […]

Unified exchange rate'll help telecom sector - ATCON
Telecommunications

Unified exchange rate’ll help telecom sector – ATCON

The proposed unified exchange rate by President Bola Tinubu has been hailed by the Association of Telecommunications Companies of Nigeria as a development that will benefit the telecom sector. The ATCON Executive Secretary, Mr. Ajibola Olude, said that if implemented, a single exchange rate would make it easier for telecom companies to get foreign currency as […]

NASCON announces 84% increase in profit - Report
Uncategorized

NASCON announces 84% increase in profit – Report

All performance metrics for NASCON Allied Industries Plc have shown outstanding growth in the year 2022, as the company’s earnings after taxes increased by 84 percent, from N2.97 billion to N5.47 billion. Independent News reported that at the company’s 2022 annual general meeting which was conducted over the weekend in Lagos, shareholders praised the board and management of NASCON for […]

Four consortia to repair deteriorated pipelines - NNPCL
Oil and Gas

Fuel subsidy: NNPCL cautions against panic-buying

The Nigerian National Petroleum Company Limited has stated that prospective increases in petrol prices are insufficient justification for Nigerians to indulge in panic-buying.. According to Nairametrics, the Group Chief Executive Officer of the NNPCL, Mele Kyari, made this statement to the press on Monday. He claimed that the NNPCL is present to make sure that there is […]

Buhari's finance minister confident Nigeria can service N47tn debt
News

Buhari’s finance minister confident Nigeria can service N47tn debt

  The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has stated that Nigeria can still service its N46trn debt. According to The PUNCH, she stated this while speaking at her valedictory ceremony in Abuja. “Despite revenue challenges, government consistently met its debt service commitments, while post-financing assessments showed adequate capacity to […]

FG to generate N28.1bn from Ijora workshop concession - ICRC
Policy and Regulations

Sustain public-private partnership projects, ICRC urges Tinubu

The Management of Infrastructure Concession Regulatory Commission has appealed to the new President, Bola Ahmed Tinubu, to key into the Federal Government approved Public Private partnership as a penesea for economic growth.   According to The Sun, the Director General ICRC, J. A. Michael Ohiani, made the appeal on Monday in Abuja shortly after the […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
Opinion

Subsidy removal: IPMAN blames panic-buying for resurgence of queues

The Independent Petroleum Marketers Association of Nigeria has attributed the sudden resurgence of queues at petrol stations in parts of the country to panic-buying.   PUNCH Metro had on Monday reported that queues for petrol resurfaced in parts of the country shortly after the President, Bola Ahmed Tinubu, announced the cancellation of petrol subsidy.   […]

Queues return as IPMAN opposes Tinubu subsidy removal
featured

Queues return as IPMAN opposes Tinubu subsidy removal

  President Bola Tinubu’s plan to execute his predecessor’s decision to withdraw fuel subsidy by the end of June has been met with opposition from the Independent Petroleum Marketers Association of Nigeria. AM Business on Monday reported that Tinubu said in Abuja that his government would end petroleum subsidy payments. He argued that the Federal […]

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