FG To Convert Cars, Generators To Run On Gas

As more reactions continue to trail the recent hike in the petrol pump price, the Federal Government says it will begin to convert cars and generators so that they can…

Nigeria’s revenue dropped by 65%, says finance minister

………Finance minister contradicts Presidency, says food prices rising The Minister of Finance , Budget and National Planning, Zainab Ahmed, says Nigeria ’ s revenue has dropped by about 65 per…

Buhari appoints Fashola, Malami, others power committee members

President Muhammadu Buhari on Thursday, inaugurated the Special Purpose Vehicle for Presidential Power Initiate to assist the government in improving the delivery of power in the country . Members of…

Food prices are coming down —Presidency

The Presidency on Friday says the prices of food items in the country are dropping as a result of the agricultural reforms of the administration of President Muhammadu Buhari. The…

Oil fell as stockpile rise amid weakening demand

Oil prices fell for a second day on Friday, pressured by a surprise rise in U.S. stockpiles as the coronavirus pandemic continues to erode demand for fuels. Brent crude was…

Petrol subsidy removal will save Nigeria N1trn, create jobs annually -Sylva.

Mr Timipre Sylva, the Minister of State for Petroleum Resources says the Federal Government’s decision to fully remove subsidy from petrol will save the country ₦1trn annually and create massive…

Nigeria borrowed N18.89tn under Buhari – Report

• Nigeria ’ s debt rises by N2 . 38 tn , hits N 31 tn – DMO • FG – N 25 . 28 tn , states – N5…

AGENDA 2050: Buhari inaugurates National Steering Committee

……..Says new development plan will lift 100 Million Nigerians out of poverty by 2030 President Muhammadu Buhari Wednesday in Abuja inaugurated the National Steering Committee to oversee the development of…

Cross River turns to cocoa to boost revenue generation

The Cross River Government says it has diversified its revenue generation from crude oil to cocoa. Dr Oscar Ofuka, Special Adviser to Gov. Ben Ayade on Cocoa Development and Control,…

FG, states, LGs shared N3.88trn in six months – NEITI

The Federation Accounts Allocation Committee shared N 3. 879trn to the Federal Government , states , local governments , and other statutory recipients in the first half of this year…

Fani-Kayode condemns hike in petrol pump price, electricity tariff

…Hails Makinde’s giant strides in Oyo Former Minister of Aviation and chieftain of the Peoples Democratic Party (PDP), Chief Femi Fani-Kayode has condemned the increase in the pump price of…

Past govts lacked courage to remove fuel subsidy – Presidency

The presidency said that President Muhammadu Buhari demonstrated “ right courage” to take recent decisions that led to hike in fuel price and electricity tariff among others . It said…

Oil rises on stimulus support and China data set for monthly gains

Oil prices nudged up on Monday, with Brent futures set to post a fifth straight monthly gain, as global stimulus measures underpin prices even as demand struggles to return to…

Fuel subsidy returns, as NNPC pays N5.4bn as under recovery

Subsidy on Premium Motor Spirit, PMS, also known as petrol, has once again resurfaced, as the Nigerian National Petroleum Corporation, NNPC, weekend, said it incurred N5.35 billion as under recovery…

FG to inject over N600bn into agriculture for food security – Minister

The Federal Government is set to inject over N600 billion as stimulus response into the agriculture sector. The Minister of Agriculture and Rural Development, Sabo Nanono, made this known in…