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We didn’t increase petrol price, marketers did –FG
The Federal Government on Monday insisted that it had not raised the pump price of Premium Motor Spirit, popularly called...
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FG plans N712bn mortgage to fund 100,000 houses
The Federal Government on Monday said it was working to increase mortgages provided to contributors under the National Housing Fund...
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Legal tussle may threaten multibillion-dollar Eko Atlantic City project
A real estate development firm, Sea Global Energy Company Limited, promoters of the Ocean City Lagos Project, has accused the...
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Pension assets rise by N842.73bn in six months
Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of...
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FG failed to provide N100bn electricity subsidy – Discos
Electricity distribution companies on Sunday reacted officially to the takeover/restructuring of five Discos by the Federal Government through the Bureau...
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Rail: Lagos begins compensation of affected Ogun residents
Lagos State Government has begun compensation payments to approximately 800 Ogun residents affected in the process of establishing the right...
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NNPC remits $2.7bn to CBN in six months
The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria...
Read moreAddax workers begin strike, oil production sheds 22,000bpd
Analysts have warned that the current economic difficulties in Nigeria could deteriorate should the Russian-Ukrainian war linger. The Chairman, Chartered...
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Subsidy probe: Reps say 23 oil firms unknown
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said...
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Food crisis imminent, Reps raise the alarm
The House of Representatives has raised the alarm over the looming food shortage in Nigeria, calling on the Federal Government...
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FX crisis: Made-in-Nigeria products fall 27% to N7.4tn
The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 percent between 2017 and 2021. According to...
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Ukraine: IMF cuts global growth, retains Nigeria’s forecast
The International Monetary Fund on Tuesday cut its global economic growth forecast for 2022 to 3.2 percent in its report...
Read moreFG gets N16bn tax credit for Lagos-Badagry Expressway
The Minister of Works and Housing, Babatunde Fashola, on Monday, declared that no state could give the Federal Ministry of...
Read moreDangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria as...
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Removal of subsidy, NNPC import monopoly’ll end queues– Marketers
Queues for Premium Motor Spirit, popularly called petrol, will end when the Federal Government halts PMS import monopoly of the...
Read moreDangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria as...
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Revenue falls by N1.89tn, Nigerians face tougher times
Amid a projection by the Federal Government to spend a whopping sum of N6.7tn on fuel subsidy next year and...
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Bakers halt bread production Thursday over skyrocketing costs
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have announced plans to halt production of their products,...
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FG continues $3.5bn Eni/Shell suit, Italy drops charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against...
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Marketers finally hike petrol price to N170-N190/litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the...
Read morePower supply to drop again, TCN alerts Nigerians
The Transmission Company of Nigeria, in a statement on Monday, said the drop would be as a result of planned...
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Oil companies oppose FG’s penalties over gas flaring
Oil and gas companies have committed to gas flare reduction in Nigeria though some of them opposed the enforcement of...
Read moreLabour faults NNPC’s petrol imports, consumption figures
The Nigerian Labour Congress has criticised the Nigerian National Petroleum Corporation over the secrecy surrounding the subsidy of Premium Motor...
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Rising subsidy’ll stop states from paying salaries – Governors
The Nigeria Governors’ Forum has lamented that the subsidy on petroleum products, especially Premium Motor Spirit (petrol), has placed a...
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