Subsidy: NNPCL alleged new price template goes viral
The Nigerian National Petroleum Company Limited has increased petrol pump prices by more than 200 percent, putting the cost of fuel to between N488 and N557 per litre. According…
Nigeria spent $74bn on fuel subsidies 16 years – NEITI
The Nigeria Extractive Industries Transparency Initiative has revealed that Nigeria spent $74.39 billion, or N13.69 trillion, on fuel subsidies between 2005 and 2021. According to Nairametrics, they commended President Bola Tinubu's subsidy…
Why banks’ borrowings from CBN keep increasing – Report
CBN findings have revealed that banks' borrowings from the apex bank, which had decreased month over month in February of this year by 14%, abruptly skyrocketed by 775 percent to…
Fuel subsidy: FG to meet NLC on Wednesday
Juliet Buna Representatives of the Federal Government are expected to meet with the Nigeria Labour Congress today by 2 pm over the planned removal of fuel subsidy. The NLC National…
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.…
Subsidy removal not immediate, says Tinubu media team
The President, Bola Ahmed Tinubu's, media team on Tuesday stated that the rush to purchase petrol is needless as the subsidy removal plan is not immediate. AM Business reported…
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…
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…
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…
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…
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…
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…
