The World Bank has warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty in the country. Meanwhile, the bank has...
The House of Representatives has demanded forensic audit of all rehabilitation projects at Port Harcourt, Warri and Kaduna refineries. The demand followed the consideration of the...
The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria. The CBN stated in its monthly economic...
The International Air Transport Association (IATA) has revealed that Nigeria tops the list of countries in which airlines’ funds blocked from repatriation account for 68% worldwide....
The Organisation of Petroleum Exporting Countries and its allies, popularly known as OPEC+ has slashed Nigeria’s oil output, excluding condensate by 20.7 per cent to 1.38...
The Central Bank of Nigeria, CBN, has dismissed reports that it devalued the Naira. Reports had earlier emerged that CBN devalued Naira from N631 to the...
The meeting between the Federal Government and the organised labour over the issue of subsidy removal has ended without any resolution. The meeting called on the...
The Nigerian Petroleum Company Limited (NNPC) has confirmed the adjustment of the pump price of PPM across its retail outlets, citing that the decision was hinged...
The downstream sector of Nigeria’s petroleum industry has been thrown into confusion as a document puts the retail price of petrol at over N500 per litre....
Vice President Kashim Shettima has revealed that $10 billion was spent by the immediate past administration of Muhammadu Buhari subsidizing fuel in 2022. He said the...