Hardship: Daily Petrol Consumption Crashes by 92% Under Tinubu — Report
Daily consumption of Premium Motor Spirit (PMS) or petrol in Nigeria has dropped drastically under one year after President Bola Tinubu assumed office on May 29,…
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Business
Nigerian business and economy news: the naira, CBN policy, inflation, oil and gas, banking, markets, budgets and companies.
FIRS begins recruitment of tax officers
The Federal Inland Revenue Service (FIRS) has announced the commencement of a new recruitment exercise aimed at engaging young graduates as Tax Officers (Officer I and…
JUST IN: Dangote Refinery reportedly asks court to void import licenses of NNPCL, Matrix, and four others in a ₦100 billion case
Dangote Petroleum Refinery and Petrochemicals FZE has asked the Federal High Court in Abuja to void import licenses issued to the Nigeria National Petroleum Corporation Limited…
Insecurity: Police reveals highest transaction for PoS operators
The police in Delta State have given a stern warning to Point of Sale, POS, operators against engaging in transactions beyond N500,000. The Command’s spokesman, SP…
BREAKING: Reversing Tinubu’s reforms will wreck Nigeria’s economy – World Bank warns
The World Bank has issued a stern warning that reversing the economic reforms introduced by President Bola Tinubu’s administration could have severe consequences for Nigeria’s economic…
National grid recovery almost complete, TCN assured Nigerians
Nigerians have been assured of a complete recovery of the national power grid which has collapsed twice in 24 hours. The assurance was given to Nigerians…
Worry As Nigeria’s Inflation Rises To 32.7%
Nigeria’s inflation rate rose to 32.7 percent in September, reversing a two-month consecutive decline to 32.15% in August. The reversal was driven by a surge in…
Dangote Petrol: IPMAN, PETROAN hint on price reduction
Nigeria’s petroleum marketers are upbeat they will sell Premium Motor Spirit (Petrol) cheaper than that of Nigerian National Petroleum Company Limited if Dangote Refinery begins direct…
Concerns mount as Nigeria’s foreign debt set to hit $50billion
Nigeria’s external debt is projected to approach $50 billion by the end of the third quarter of 2024, as the Debt Management Office (DMO) prepares to…
NNPC GCEO Kyari loses 25-year-old daughter, days after Tallen son’s death
Condolences has begin to pour in for the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over the passing of…