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Fight Against Crude Theft Yielding Results As Oil Revenue Grows By 30%

The fight by the Nigerian National Petroleum Company Ltd and other stakeholders against crude oil theft is yielding positive results as oil sector’s contributions...

Nigerian govt stands firm on sanctions for banks defaulting on windfall tax

The Federal Government has reiterated its tough stance on financial institutions failing to comply with the windfall tax on foreign exchange profits made in...

FAAC Allocates N1.35tn To FG, States, LGs

A total of N1.35tn was on Tuesday shared to the Federal Government, States and Local Government Councils in the country.The revenue was shared at...

Nigeria To Become Net Exporter Of Petrol As PH Refinery Begins Operation Next Month

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari has assured that the Port Harcourt Refinery will begin operation...

Be Open To Innovation, Finance Minister Tells SEC Board

The Minister of Finance and Coordinating Minister of the economy, Mr Wale Edun has urged the new board of the Securities and Exchange Commission...

Nigeria pushes for ECOWAS single currency, despite challenges

Nigeria’s Minister of Finance, Wale Edun, has reaffirmed the country’s commitment to implementing the Economic Community of West African States (ECOWAS) single currency, the...

Worries as Nigeria’s debt to GDP ratio crosses 50% for the first time

Worrying signs have emerged as Nigeria’s debt-to-Gross Domestic Product (GDP) ratio crossed 50% for the first time ever last week.The Debt Management Office (DMO)...

SERAP sues Nigerian govt for failure to account for loans by ex-presidents

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the government of president Bola Tinubu “over the failure to publish spending details...

Fuel subsidy to gulp N5.4tn in 2024, took N3.6tr in 2023, FG finally admits

Despite constant denials that it was no longer subsidizing fuel, the Nigerian government has finally admitted that fuel subsidy will gulp N5trillion in 2024.This...

Food Inflation Worsened By Insecurity In Nigeria-Economist

Economist and Director, Escap Management, Esili Eigbe has advised Nigerians to brace up for tough times as he predicted inflation to peak in August,...

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