The presidency on Sunday accused former vice president Atiku Abubakar of harbouring a deep sense of envy towards President Bola Tinubu’s leadership. It said in a lengthy critique that since his defeat in the 2023 Presidential Election, Atiku, who has…
NNPC confirms payment but says it’s not for fuel subsidy
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has not paid fuel subsidies to anyone in the last nine months. The Chief Financial Officer of the company, Alhaji Umar Ajiya, made the clarifications on Monday in Abuja. Ajiya…
Man threatens suicide over fuel subsidy removal, insecurity, others in Abuja
A young man identified as Shuaibu Alhaji Yusuf on Monday threatened to jump down from the broadcast mast of Aso Radio and Television on Katampe Hill in the Federal Capital Territory (FCT) unless the Federal Government restores the fuel subsidy…
Group calls for patience with Tinubu’s policies on food security
Mr Ugochukwu Nnam, President, Initiative for Leadership Development and Change (ILDC), has urged Nigerians to be calm and patient with President Bola Tinubu’s long term policies on food security. Nnam made the call on Thursday in an interview with the…
I will fight every obstacle that impedes business competitiveness in Nigeria — Tinubu
President Bola Tinubu has assured Nigerians that he will do his best to create a hub for thriving investments and a globally competitive economy. “I will fight every obstacle that impedes business competitiveness in Nigeria and I will not hesitate…
Local oil producers must supply 483,000bpd to Local refineries by June— NUPRC
The Nigeria Upstream Petroleum Regulatory Council (NUPRC) has mandated indigenous oil producers to supply around 483,000 barrels per day (bpd) of crude oil to local refineries for the first six months of 2024 according to new regulations in the Domestic…
If ours goes up, shouldn’t yours come down? — Gbubemi Atimomo
Thoughts on government, the cost of governance, and citizens livelihood The news hit like a dirty slap, sometime in June 2023: NNPC Limited, Nigeria’s official petroleum provider had increased the official price of petrol from ₦185/ litre to ₦488/ litre.…
Tinubu approves temporary allowance for junior federal workers
President Bola Ahmed Tinubu has announced that there will be temporary increment in salary for federal government workers. Tinubu said this in his speech in commemoration of the 63rd independence anniversary of Nigeria on Sunday, October 1, 2023. According to…
Stanbic IBTC Bank Nigeria PMI®: Nigerian private sector faces contraction amid soaring price pressures
Amidst a backdrop of severe and escalating price pressures, the Nigerian private sector witnessed a concerning contraction midway through the third quarter of this year, according to the latest report from the Stanbic IBTC Purchasing Managers’ Index™ (PMI®). The survey,…
AbdulRazaq approves multisectoral palliatives to cushion fuel subsidy removal
Governor of Kwara State, AbdulRahman AbdulRazaq, has approved a series of multibillion naira palliatives to mitigate the effects of the recent removal of fuel subsidy. These palliatives are designed to cut across different sectors and demographies of the state. The…