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Category: Economy

NNPCL Speaks On Petrol Price Reduction As Lifting Begins In Dangote Refinery

NNPCL Speaks On Petrol Price Reduction As Lifting Begins In Dangote Refinery

The Nigeria National Petroleum Company Ltd (NNPCL) on Saturday confirmed that there is no certainty of lower petrol prices across the country as it prepares to commence lifting of petroleum products from the Dangote Refinery…

NNPCL Halts Petrol Supply To Independent Marketers Amid Fuel Price Surge

NNPCL Halts Petrol Supply To Independent Marketers Amid Fuel Price Surge

The Nigerian National Petroleum Company Limited (NNPCL) has halted the sale of Premium Motor Spirit (Petrol), otherwise known as Petrol or fuel to the Independent Petroleum Marketers Association of Nigeria (IPMAN), following a significant surge…

Bill Gates: Nigeria Needs Revenue Reform To Exit Economic Stagnation

Bill Gates: Nigeria Needs Revenue Reform To Exit Economic Stagnation

The co-chair of the Bill and Melinda Gates Foundation, Bill Gates has expressed concerns about Nigeria’s economic trajectory, revealing that the country’s debt surpassed 50% of its Gross Domestic Product (GDP) earlier this year for…

Dangote Promises Economic, Health Benefits As Refinery Rolls Out Petrol

Dangote Promises Economic, Health Benefits As Refinery Rolls Out Petrol

The President of Dangote Group, Aliko Dangote has announced the significant benefits that will come with the production and distribution of Premium Motor Spirit (PMS), commonly known as petrol, from his 650,000 barrels per day…

FCCPC Sets Deadlines For Business Owners To Adjust Prices

FCCPC Sets Deadlines For Business Owners To Adjust Prices

The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to business owners in price fixing and price gouging, granting a one-month ultimatum to reduce prices or face severe penalties. Tunji Bello,…

Sanwo-Olu Reintroduces Ounjè Eko Sunday Market

Sanwo-Olu Reintroduces Ounjè Eko Sunday Market

The Governor of Lagos State, Babajide Sanwo-Olu, has ordered the safe return of the popular Ounjè Eko Sunday market, which offers Lagos residents a 25% discount on essential food items. This initiative is set to…

Nigeria’s Inflation Falls To 33.40% In July 2024

Nigeria’s Inflation Falls To 33.40% In July 2024

Nigeria’s inflation rate has decreased to 33.40% in July 2024, down from 34.19% in June, marking the first decline since December 2022. The National Bureau of Statistics’ latest Consumer Price Index shows a 0.79 percentage…

Aviation Workers Embark On Nationwide Protest Over Revenue Deductions

Aviation Workers Embark On Nationwide Protest Over Revenue Deductions

Nigerian Aviation on Thursday announced its plan to embarked ob a nationwide protest on August 21, 2024, in response to the Federal Government’s decision to deduct 50 percent from the Internally Generated Revenue (IGR) of…

Kano Lawmaker Boasts Of 21m Monthly Take-Home

Kano Lawmaker Boasts Of 21m Monthly Take-Home

A lawmaker representing Kano South, Senator Sumaila Kawu, has boasted of his monthly take-home package to be above N21m monthly. Kawu’s shocking disclosure is coming barely 24 hours after the Revenue Mobilisation Allocation and Fiscal…

Tinubu Holds First Council Of State Meeting

Tinubu Holds First Council Of State Meeting

President Bola Tinubu is currently presiding over the inaugural Council of State meeting of his administration. The meeting, which features a virtual component, is being attended by key political figures, including Vice President Kashim Shettima,…