Economy
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Fuel subsidy: NNPCL demands N2.6tn refund from Nigerian Govt on petrol import
The Nigerian National Petroleum Company Limited has demanded the refund of N2.6 trillion foreign exchange differential claim for fuel importation…
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Dangote accuses IOCs, Nigerian Govt agency of frustrating refinery
The President and Chief Executive of Dangote Group, Aliko Dangote, has revealed that the Dangote Refinery’s crude oil supply problem…
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Troops recover ‘238,500 litres of stolen crude oil’ in Bayelsa, Delta, Rivers
The 6 division of the Nigerian Army says its troops have recovered about 238,500 litres of stolen crude oil in Bayelsa, Delta…
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Fuel imports gulp N2tn monthly – FG
President Bola Tinubu has disclosed that the country spends N2tn monthly to import petrol and diesel. Tinubu stated this during…
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Net FX flows increase by 55% to $25.4 billion in six months, says CBN
The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in…
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FG stops sale of N40,000 subsidised rice to civil servants
The Federal Government has stopped the planned sale of subsidised rice to civil servants. It has, therefore, withdrawn the circular…
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Fuel queues may linger till next week, say marketers
Oil marketers are still apprehensive and are not opening their filling stations for business, causing queues for Premium Motor Spirit,…
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Protests: Prices of tomatoes, pepper crash to N60,000 per basket – Expert
Bismarck Rewane, an economist and the Executive Director of Financial Derivatives, has said the prices of tomatoes and pepper dropped…
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Civil servants buy 50kg rice at N40,000, resell at N85,000 – Economist, Rewane
Bismarck Rewane, a popular economist and the Executive Director of Financial Derivatives has alleged that some civil servants bought 50kg…
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‘NNPC supplies 60 per cent of our crude’ – Dangote Refinery
In what appears a major shift from previous clam by the Dangote Refinery company, the Group Chief Strategy Officer, Dangote…
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