Fuel Discount Is Not Petrol Subsidy Restoration, NNPC Tells Nigerians
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that its ongoing petrol discount programme is only a temporary ...
Tag: Nigerian economy
NNPC Ltd Reports N7.2 Trillion Profit in 2025 Despite Revenue Drop
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced a Profit After Tax (PAT) of N7.2 trillion for the ...
Dangote Refinery IPO: NGX Seeks East African Institutional Investors’ Participation
The Nigerian Exchange Group (NGX Group) has invited institutional investors from East Africa to participate in the planned Initial Public ...
Oct. 1 Transport Fare Reduction: Why Low-Income Nigerians May Benefit Most – Expert
The planned reduction of public transportation fares through the expansion of Compressed Natural Gas (CNG) and electric-powered mass transit systems ...
Dangote Refinery Plans Workforce Expansion, Targets 1.4 Million Barrels Per Day Capacity by 2029
The Dangote Petroleum Refinery has announced plans to expand its operations, increase production capacity and create additional employment opportunities as ...
Atiku Proposes Local Refinery Fuel Subsidy to Cut Petrol Prices in Nigeria
Former Vice-President Atiku Abubakar has proposed a production-based subsidy for petroleum products refined within Nigeria as part of measures to ...
Nigeria Insurance Sector Capital Hits N1.08trn After NAICOM Recapitalisation Exercise
Nigeria’s insurance industry has recorded a major increase in financial strength after a recapitalisation programme raised the sector’s total capital ...
Atiku’s Fuel Subsidy Proposal Deserves Consideration, Says ADC Leader Okogwu
A National Leader of the African Democratic Congress (ADC), Dr Chike Okogwu, has supported former Vice-President Atiku Abubakar’s proposal to ...
Experts Urge More Crude Supply, Farm Support to Reduce Nigeria’s Inflation
Economic experts have called on the Federal Government to increase crude oil supplies to local refineries and expand support for ...
Tinubu Says National Security Is Key to Nigeria’s Economic Growth and Investment Goals
President Bola Ahmed Tinubu has said that maintaining national security is essential to achieving Nigeria’s economic development goals, attracting investment ...
Cyber Insecurity Threatens Nigeria’s Financial Sector, UniCal VC Warns
The Vice-Chancellor of the University of Calabar (UniCal), Prof. Offiong Offiong, has identified cyber insecurity as one of the biggest ...
APC Chairman Yilwatda Rejects Atiku’s Plan to Restore Petrol Subsidy
The National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, has criticised former Vice-President Atiku Abubakar’s proposal to ...
Nigeria’s Inflation Drops to 15.43% in July as Food Inflation Remains High
Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, according to the latest Consumer Price Index (CPI) ...
Tinubu Group Says Nigeria’s $40bn Net Foreign Reserves Validate Economic Reforms
The Tinubu Stakeholders Forum says the rise in Nigeria’s net foreign reserves from about $3 billion in 2023 to more ...
Naira Depreciates to ₦1,379.06 Per Dollar at Official Market
The naira recorded another decline at the official foreign exchange market on Wednesday, trading at ₦1,379.06 to the dollar. Data ...
Afreximbank Invests $83 Billion, Positions Lagos as Africa’s Trade Hub
The African Export–Import Bank (Afreximbank) has committed $83 billion in investments to Nigeria since its inception, with a substantial portion ...
Economists Commend CBN for Maintaining Nigeria’s $48.54 Billion Reserves
Economists have lauded the Central Bank of Nigeria (CBN) for maintaining the country’s external reserves at $48.54 billion, despite persistent ...
NNPC Backs NIPetGE’s Efforts to Transform Nigeria’s Oil and Gas Sector
The Nigerian National Petroleum Company Ltd. (NNPC) has commended the Nigerian Institute of Petroleum and Gas Engineers (NIPetGE) for its ...
CSEAN, First Bank Call for Stronger Protection of Nigeria’s Digital Infrastructure
The Cybersecurity Experts Association of Nigeria (CSEAN) and First Bank have called for enhanced protection of Nigeria's critical digital infrastructure ...
Tinubu’s Administration Tackles Insecurity and Poverty: A Commitment to Decent Work
President Bola Tinubu, represented by the Secretary to the Government of the Federation (SGF), Senator George Akume, reaffirmed his administration's ...
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