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, …
fuel subsidy removal
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EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
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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, …
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AgricultureEconomyEnergyPolitics
Peter Obi Slams Tinubu’s Economic Reforms as ‘Haphazard’, Says Fuel Subsidy,
Former Labour Party presidential candidate, Peter Obi, has criticised the Bola Tinubu administration for what he described as the disorganised and poorly executed removal of fuel subsidy and the floating …
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ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …
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EconomyGOVERNMENTNigeriaPoliciesPolitics
Afenifere Critiques Tinubu’s Economic Policies; Presidency Defends Reforms
The Pan-Yoruba socio-political organization, Afenifere, has expressed concerns over the economic direction under President Bola Ahmed Tinubu, describing his administration’s “Renewed Hope” as a “nightmare” for Nigerians. In a statement …
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BusinessBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsPolicies
Despite Economic Hardship, Nigeria’s Capital Market Remains Strong Under Tinubu — Amolegbe
The Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe, has said that Nigeria’s capital market has been one of the few bright spots in …