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...
Economists and investment analysts have hailed President Bola Ahmed Tinubu for discontinuation of fuel subsidy and planned unification of the exchange rates. Reacting to the plan,...
The governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has revealed that the CBN had given out about N8 trillion in interventions to the...
The Central Bank of Nigeria (CBN) has again increased the monetary policy rate (MPR) by 0.50 per cent to 18.50 per cent. The Governor of the...
The Central Bank of Nigeria has revoked the operating licenses of 132 Microfinance banks, four primary mortgage banks and three finance companies in Nigeria. The Official...