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NBS: Nigerians Face 55% Increase in Cooking Gas Costs Over Past Year
Nigeria NBS: Nigerians Face 55% Increase in Cooking Gas Costs Over Past Year
Nigeria News
1 min read
The National Bureau of Statistics reports a 55.66% year-on-year increase in the price of a 12.5kg cooking gas cylinder, averaging N14,261.57 in...
Aviation Crisis: FG's 50% TSA Contribution Sparks Industry Panic
Nigeria Aviation Crisis: FG's 50% TSA Contribution Sparks Industry Panic
Nigeria News
2 min read
The Nigerian government has raised the contribution of aviation agencies to the Treasury Single Account from 40% to 50%, causing unrest among...
NNPC Insists There's No Subsidy While Selling Petrol at Half the Landing Cost
Nigeria NNPC Insists There's No Subsidy While Selling Petrol at Half the Landing Cost
Nigeria News
1 min read
The Nigerian National Petroleum Company (NNPC) claims to sell petrol at half its landing cost, labeling the price difference as a “shortfall”...
Nigerians Furious Over NNPC's N7.8 Trillion Subsidy Debt Admission After Months of Denial
Nigeria Nigerians Furious Over NNPC's N7.8 Trillion Subsidy Debt Admission After Months of Denial
Nigeria News
1 min read
The Nigerian National Petroleum Company (NNPC) Limited confirmed that the federal government owes it N7.8 trillion in petrol subsidy debts...
Today's Naira Rate[19-08-2024]: Black Market Dollar to Naira Rate Hits N1,610
Nigeria Today's Naira Rate[19-08-2024]: Black Market Dollar to Naira Rate Hits N1,610
Nigeria News
1 min read
As of August 18, 2024, the black market exchange rate for the U.S. dollar to the Nigerian naira is N1,605 for buying and N1,610 for selling. In...
Tinubu Sanctions NNPC’s Use of Dividends to Offset Petrol Subsidy Costs
Nigeria Tinubu Sanctions NNPC’s Use of Dividends to Offset Petrol Subsidy Costs
Nigeria News
2 min read
President Bola Tinubu has authorized the Nigerian National Petroleum Company (NNPC) to use its 2023 final dividends to cover petrol subsidy costs...
Naira Slump Hits MTN Hard: Company Reports $414.7 Million Loss
Nigeria Naira Slump Hits MTN Hard: Company Reports $414.7 Million Loss
Nigeria News
1 min read
MTN Group reported its first loss in eight years, totaling 7.39 billion rand ($414.7 million) for H1 2024, compared to a profit of 4.14 billion...
NNPC Ltd. Refutes Claims of $6.8 Billion Debt to International Oil Traders
Nigeria NNPC Ltd. Refutes Claims of $6.8 Billion Debt to International Oil Traders
Nigeria News
1 min read
NNPC Ltd. denies owing $6.8 billion to international oil traders and refutes claims of non-remittance to the Federation Account. The company...
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