The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has cautioned against monopolistic practices in Nigeria’s downstream oil and gas sector, warning that fair competition and equitable access to …
fuel subsidy removal
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BusinessEnergyMarketsNigeriaOil & GasPolitics
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BusinessEconomyEnergyEnvironmentNigeriaOil & GasTechnology
MEMAN Says Fuel Subsidy Removal Driving Digital and Sustainable Transformation
The Major Energy Marketers Association of Nigeria (MEMAN) has said that the removal of fuel subsidy has opened new opportunities for innovation, investment, and digital transformation in Nigeria’s downstream oil …
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EconomyFinanceGOVERNMENTInflationINVESTMENTPolicies
Finance Minister Wale Edun Says Nigeria’s Economy Has Turned the Corner
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured Nigerians that the country’s economy is on a recovery path, saying the most difficult period is …
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DevelopmentEconomyFinanceGovernancePovertySocial Welfare
FG Pays N330bn Cash Transfers to Poor Nigerians Under Safety Net Programme
The Federal Government has disbursed N330 billion to poor and vulnerable Nigerians through the National Social Safety-net Coordinating Office (NASSCO). The Minister of Finance and Coordinating Minister of the Economy, …
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EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
NNPC Reduces Petrol Price to N900 Just 48 Hours After Hike
Barely two days after increasing the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has again slashed the price at its retail stations, …
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EconomyEducationGOVERNMENTNigeriaPoliticsSecurity
Minister of Information Says Nigerian Economy is Improving
The Minister of Information and National Orientation, Mohammed Idris, has said that Nigeria’s economy is showing steady signs of improvement due to the series of reforms introduced by President Bola …
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The International Monetary Fund (IMF) says Nigeria can make real progress if it increases its revenue, builds a better national budget system, and expands its cash transfer programme to help …
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EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
IMF Warns Nigeria’s 2025 Budget May Deepen Financial Crisis Without Urgent Reforms
The International Monetary Fund (IMF) has raised serious concerns over Nigeria’s economic outlook for 2025, warning that the country may face a deeper financial crisis if it does not urgently …
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EconomyGOVERNMENTInfrastructureOil & Gas
Nigeria’s 2025 Budget Under Threat as IMF Warns of Rising Deficit
Nigeria’s financial future is facing tough times as the International Monetary Fund (IMF) has warned that the 2025 national budget may not hold up due to falling oil prices, reduced …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …