The World Bank has issued a stern warning about the rapid rise of extreme poverty in Nigeria, saying the country is now one of 39 economies where conflict and instability …
Tag:
FUEL SUBSIDY
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Dangote IndustriesEconomyEnergyNigeriaOil & GasPoliciesUncategorized
IPMAN Says Dangote Should Sell Petrol Below N825, Cites Naira Deal and Local Refining
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Dangote Petroleum Refinery should reduce the pump price of Premium Motor Spirit (PMS), commonly known as petrol, below its …
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BusinessEconomyEnergyInfrastructureNigeriaWestern Africa
Nigerians Now Paying Half What Others Spend on Petrol – Dangote
Business mogul and President of Dangote Group, Alhaji Aliko Dangote, has said most Nigerians do not realise they are currently buying petrol at just 55 percent of what people in …
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AfricaBanking, Finance & InvestmentBusiness InsightsEconomyFinance & ServicesGhanaNigeriaTrade and CommerceWestern Africa
Rand Merchant Bank Backs Tinubu’s Economic Reforms, Eyes Growth in West African Trade
Corporate and investment banking firm Rand Merchant Bank (RMB) Nigeria has declared its support for President Bola Tinubu’s economic reforms, saying they are crucial for stimulating trade and investment across …
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BusinessBusiness InsightsBusiness PoliciesEconomyEnergyInfrastructureNigeriaOil & GasPoliciesWestern Africa
Dangote Vows to Keep Fighting for $20bn Refinery Amid Alleged Sabotage
President of Dangote Group, Alhaji Aliko Dangote, has said he is still fighting for the survival of his $20 billion refinery in Lekki, Lagos State. Dangote, Africa’s richest man, revealed …
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AfricaAFRICA NEWSBusiness and EconomyBusiness Policies
Ride-Hailing Drivers Plan Nationwide Strike on May 1 Over Low Pay, High Commission
Thousands of ride-hailing drivers across major platforms including Uber, Bolt, Lagride, inDrive, and Rida are planning to stop work for 24 hours on May 1, 2025, over poor pay and …
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Business and EconomyEnergyEnvironmentInfrastructureMarketsOil & Gas
65% tank farms dormant due to fuel subsidy removal
The battle for dominance in Nigeria’s downstream oil sector has led to the closure of no fewer than 70 tank farms over the past two years, leaving many of these …
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AfricaAFRICA NEWSKenyaKenyan News
Rubis takes Sh4.7bn bond as payment for fuel subsidy
by Editorby EditorOil marketer Rubis Energy Kenya converted €30 million (Sh4.7 billion) worth of pending fuel subsidy dues into government bonds by the end of June as part of the State’s deal …
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AfricaAFRICA NEWSBusinessNewsNigeriaOil & GasWestern Africa
A-Z Petroleum seeks recovery of N30bn subsidy debt from FGN
A-Z Petroleum Products Ltd, on Wednesday urged the House of Representatives to help in recovering N30 billion liabilities due to it from the Ministry of Finance, Budget and National Planning …
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AfricaBusiness and EconomyNewsNigeriaWestern Africa
Nigeria’s fuel subsidy is estimated at N6.7tn for 2023
The Federal Government of Nigeria will spend N2.7 trillion on fuel subsidy payment in 2023. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who disclosed this during the …
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