Business

Market forces determines N617 new petrol price, claims NNPCL boss, regulator

Admin - July 18, 2023

The Nigeria National Petroleum Company Limited (NNPCL) Managing Director, Mr. Mele Kyari, is claiming that market forces determined Tuesday's new N617 per litre price...

Business

NNPCL intercepts vessel with 800,000 litres stolen crude oil, blown up by security forces

Admin - July 11, 2023

A vessel conveying 800,000 litres of suspected stolen crude oil has been intercepted by a private security contractor engaged by the Nigerian National Petroleum...

Business

Senate in rowdy session over uneven spread of N500b credit facilities

Admin - July 7, 2023

Uneven distribution of N500 billion credit facilities debate throws Senate into rowdy session The 10th Senate recorded its first rowdy session on Wednesday following the...

Business

President Tinubu eases “chokehold on households”, deferring, suspending, cancelling taxes

Admin - July 6, 2023

Evidently seeking to lower the burden on Nigerians after his removal of subsidy on petrol caused unprecedented spike in the cost of living, President...

Business

Former Finance Minister, Zainab Ahmed, denies appropriating World Bank job

Admin - July 3, 2023

The immediate past Minister of Finance, Budget and National Planning, Zainab Ahmed, has described as false media reports that her appointment as Alternate Executive...

Business

$62.66m to service railway-related debts? It is heartbreaking – Ataguba

Admin - July 2, 2023

After it emerged that the Federal Government spent $62.66m to service railway-related debts in the first quarter of 2023, going by Nigeria’s external debt...

Business

SERAP writes Tinubu, seeks spending details of N400bn fuel subsidy savings

Admin - July 2, 2023

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Ahmed Tinubu to use his good offices and leadership position to “urgently publish details...

Business

Why we opted to unify foreign exchange rates – Tinubu

Admin - June 29, 2023

WHY I CHOSE TO UNIFY EXCHANGE RATE, REFUSED TO PARTAKE IN ARBITRAGE – TINUBU President Bola Ahmed Tinubu Thursday in Lagos said he could have...

Business

Who authorised hike, as AEDC backtracks on new electricity tariffs meant to take effect July 1?

Admin - June 26, 2023

After sending shockwaves through the country with notices of planned hike in electricity tariffs from 1st July, distribution companies appear to be backtracking with...

Business

Who owns $76m stashed in Abuja home? Not us, says NDIC

Admin - June 25, 2023

The Nigeria Deposit Insurance Corporation (NDIC) says the $76 million found in an Abuja apartment associated with one of its female staff does not...

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