The Nigerian National Petroleum Company Limited (NNPCL) has commenced the supply of crude oil for the test-running phase of the Port Harcourt Refining Company Limited, marking a significant step in the nation's energy landscape. Oil marketers confirm that the refinery is expected to supply...
Amidst the enduring impact of the fuel subsidy removal, Nigerians are now confronted with the specter of an impending electricity tariff increase scheduled to commence on January 1, 2024.
Reports indicate that officials from Nigeria's Electricity Distribution Companies (DisCos) convened in a...
President Buhari surprisingly welcomes the fuel price hike, expressing relief as it has led to a decline in home visits. The statement raises eyebrows about the unique perspective on the matter.
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In a televised interview on Channels TV, Minister of Information and National Orientation, Mohammed Idris, emphatically dismissed the recent assertion by the World Bank that the Federal Government continues to pay subsidy on petrol. According to the minister, President Bola Tinubu had made it...
Nigeria's inflation rate for September surged to 26.72%, marking a substantial 0.92% increase compared to the previous month's 25.80%. This data is sourced from the recently released Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS).
The steep rise in inflation can be...
Despite President Bola Ahmed Tinubu's assurances that the subsidy had been abolished, revelations surrounding the Federal Government's payment of N169.4 billion in subsidy in August have ignited controversy and skepticism. This development challenges the narrative of subsidy removal and prompts...
Oil marketers have issued a dire warning, signaling an impending surge in the cost of Premium Motor Spirit (PMS), commonly referred to as petrol. The projected price hike, expected to range between N680 to N720 per litre, is contingent on the Nigerian currency's continued depreciation against...
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