Subsidy: Oil marketers demand transition plan ahead of Tinubu’s inauguration
Oil marketers have requested that the government of Nigeria establish a plan to transition away from fuel subsidy ahead of handing over…
Nigeria
Petrol price rose 43% in one year – NBS
The price of Premium Motor Spirit popularly known as petrol rose by 42.63 percent from N264.29 in 2022 to N185.30 in 2023.…
How ETF capitalization dropped over foreign investors’ departure – NGX
The CEO of the Nigerian Exchange Limited, Mr. Temi Popoola, has claimed that the decline in the market capitalisation of Exchange Traded…
FG to introduce 13 more oil sector regulations
The upstream sector of the oil and gas industry can expect 13 new regulations from the Federal Government in the next few…
Fuel subsidy removal will reduce Nigeria’s debt, corruption – LCCI
The Lagos Chamber of Commerce and Industry believes that eliminating fuel subsidy by the Federal Government is one of the best economic…
FG to raises civil servants’ salary by 40% April ending
The Federal Government plans to commence payment of the anticipated increase in civil servants’ pay at the end of April. According to…
168k workers transfer N664bn pension funds to other administrators – PenCom
Since the National Pension Commission opened up the option to transfer pension funds, 168,768 workers have moved their Retirement Savings Accounts worth…
Nigeria’s inflation rate hits 22% – NBS
The National Bureau of Statistics on Saturday revealed that the nation’s inflation rate rose to 22.04% in March 2023. According to…
Infrastructure upgrade will support cashless policy – Remita
The Managing Director of Remita Payment Services Limited, Deremi Atanda, has stressed the need for quality infrastructure upgrade to support the growth…
Fuel subsidy: Buhari yet to meet criteria for removal, say marketers
The Independent Petroleum Marketers Association of Nigeria has declared its stand on the subsidy. The Association disagreed with subsidy’s removal, arguing…
Contributory asset rose above N1tn in one year- PenCom
The Contributory Pension Scheme’s asset rose from N13.76tn as of the the end of February 2022 to N15.45tn February 2023 which account…
Gas infrastructure can transport 6.9bn bcf for power, industries – NNPCL
The Nigerian National Petroleum Company Limited has said that the country’s gas infrastructure network can transport up to 6.9 billion standard cubic…