Economy

Oil marketers counter NNPCL on fuel subsidy as scarcity worsens

The Nigerian National Petroleum Corporation Limited's position on Premium Motor Spirit also referred to as fuel subsidy, has been challenged…

1 year ago

I spend N3 million on diesel every month – Singer, Paul Psquare laments

Popular singer Paul Okoye, better known as Rudeboy of Psquare, has lamented the terrible economic conditions facing the nation, particularly…

1 year ago

NNPCL clears air on alleged plan to increase petrol pump prices

Speculations that the Nigerian National Petroleum Company, NNPC Limited, is hatching a scheme to raise its pump prices have prompted…

1 year ago

Importation: Fuel, car, others gulp $46bn yearly – FG

According to Tope Fasua, the President's Special Advisor on Economic Affairs, Nigeria imports goods worth about $45 billion every year,…

1 year ago

Currency in circulation increases to N2.7 trillion

Following the increase in cash transactions, the amount of currency in circulation in Nigeria increased by N1.7 trillion to N2.7…

1 year ago

Nigeria’s debt servicing gulped N2.34trn in six months – DMO

According to the Debt Management Office (DMO), in the first six months of 2023, Nigeria paid N2.34 trillion on debt…

1 year ago

NASENI EVC Haliru vows to boost Nigeria’s economy

Mr. Khalil Suleiman Halilu, the recently appointed Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI),…

1 year ago

We inherited a bad economy — FG

According to the Federal Government, it inherited a deplorable economy with an unacceptably high unemployment rate. The Minister of Finance…

1 year ago

Nigeria loses 400,000 barrels of oil daily to criminals – Ribadu

According to Nigeria's National Security Advisor (NSA), Nuhu Ribadu, 400,000 barrels of crude oil are lost to thieves and economic…

1 year ago

Nigeria lost N249bn in July as oil output dropped – NUPRC

According to the most recent oil production figures released on Sunday, Nigeria lost roughly N24 billion in revenue from crude…

1 year ago