adminIn 2012, Tinubu lashed out at Jonathan over petrol subsidy removal —today Nigerians can no longer breath
During his inaugural address at Eagle Square, Abuja, President Bola Ahmed Tinubu exclaimed “Subsidy is gone”, resulting in an instant increase in fuel price from N198 per litre to N540.…
Fuel price hike unfortunate, insensitive, says Peter Obi
The presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi described the recent hike in the price of petrol products as “unfortunate and insensitive”. Obi…
Over one million more Nigerians hit by severe food crisis in 2024 – Report
Nigeria is facing a worsening food security crisis, with more than one million additional people experiencing severe food insecurity in 2024 compared to the previous year. This is according to…
Fuel queues resurface across Nigeria as petrol prices rise
Fuel queues have resurfaced across Lagos following an increase in petrol prices by the Nigerian National Petroleum Company Ltd., NNPC, and other marketers. Also, many filling stations, including those along…
NLC asks FG to reverse petrol price hike
The Nigeria Labour Congress (NLC) has asked the federal government to reverse the petrol price hike. On Wednesday, the Nigerian National Petroleum Company (NNPC) Limited increased the price of petrol…
NNPC hikes petrol price by 15% to N1,030/litre in Abuja
The Nigerian National Petroleum Company Limited has raised its pump price of petrol in Abuja by 14.8 per cent to N1,030 per litre from N897. The latest price increase makes…
REPORT: Despite Tinubu’s $30b Claim, Nigeria Hits Lowest FDI on Record in Q2
Nigeria recorded its lowest-ever quarterly Foreign Direct Investment (FDI) figures, according to the Q2 Capital Importation Report by the National Bureau of Statistics (NBS), FIJ has learnt. This comes a…
FULL LIST: 63 items exempted from VAT under new fiscal reforms by Tinubu
The Federal Government has announced the exemption of 63 items from Value-Added Tax (VAT), as part of its latest fiscal reforms. This was revealed by the Chairman of the Presidential…
NUPRC: Nigeria may face gas supply shortfall in 2030
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria may experience gas supply crisis with a potential shortfall of 3.1 billion cubic feet (bcf) per day by 2030. Gbenga Komolafe,…
Petrol Imports Dropped By 3.58bn Litres In One Year, Says NBS
Importation of Premium Motor Spirit (PMS) also known as petrol dropped by 3.5 billion litres in the last year, data gathered from the National Bureau of Statistics (NBS) has shown.…
World Bank okays $1.57bn loan for Nigeria
The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government…
China Prepared To Lend More —Nigerian Government
The Federal Government of Nigeria says it is not discussing debt forgiveness with China, noting that Beijing is willing to lend Nigeria more money and invest more in the economy…
NBS: Prices of bread, beans, yam increased in August
The National Bureau of Statistics (NBS) says prices of beans, bread, yam, rice and other food items increased in August 2024. In its ‘Selected Food Prices Watch’ report for August…
Naira among 10 worst performing currencies globally —Report
Nigeria’s local currency, the naira, is among the 10 worst-performing currencies in the world, Bloomberg is reporting. According to a report by the publication, out of the 10 worst-performing currencies,…
World Bank to approve $1.5bn loan to Nigeria next week
The federal government is expected to receive a new loan from the World Bank, totalling $1.5 billion. According to the Washington-based financial institution’s project list, the loan is set to…
