BUSINESS
NNPCL Reduces Petrol Ex-Depot Price, Sparks Optimism For Economic Relief
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol,...
Probe Alleged Missing N20trn Stamp Duty Now, Group Tells Tinubu
A non-governmental organisation, Pristine Initiative for Social Development (PRISOD), has called on President Bola Tinubu to probe the circumstances surrounding failure of some government...
Petrol Subsidy Removed Because Of Fraud – Mele Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, said the Federal Government removed subsidy on petrol because of fraud. Kyari...
Petrol Queues Disappearing This Weekend, Says Minister
The Minister of State (Oil) Petroleum Resources, Heineken Lokpobiri, says there is availability of petrol despite the scarcity and hike in the price of...
FG Terminates $717 Million World Bank Power Loan Amid Blackouts
The federal government has cancelled $717.7 million in undisbursed World Bank financing for Nigeria’s troubled electricity sector, effectively terminating the remaining portion of a...
“Nigeria’s Gross Domestic Increases By 4.23%” – NBS
Nigeria’s Gross Domestic Product rose by 4.23 per cent year-on-year in real terms in the second quarter of 2025, according to the latest figures...
VAT Revenue Rises 34% To N6.4trn In 9 Months
•As Company Income Tax grows 48% to N7.72trn Nigeria’s revenue from Value Added Tax (VAT) and Company Income Tax (CIT) recorded strong growth in the...
Foreign Transactions Increases To N118.9bn On NGX
Foreign portfolio transactions on the Nigerian Exchange Limited surged to N118.9bn in May 2025, representing an increase of 88.54 per cent compared to N63.07bn...
Buhari Meets AFREXIM Bank President in South Africa
The President, Muhammadu Buhari on Sunday held a meeting with the President of the African Export-Import Bank, Benedict Oramah, in South Africa. This was announced...
National Assembly To Raise 2021 Budget By N500bn
The National Assembly is billed to pass the 2021 Appropriation Bill today, raising the total estimated from the proposed N13.08tn to N13,588,027,886,175, an increase...
