Fuel Subsidy Hits N700billion Monthly Under Tinubu Amid Crisis In Nigerian Oil Sector
As crisis continues to rock Nigeria’s oil sector, it has been revealed that fuel subsidy currently gulps over N700billion monthly under the Bola Tinubu-led Nigerian government. The Secretary of the…
Our diesel not inferior to imported ones, Dangote replies critics
| Dismisses monopoly concerns The President of Dangote Industries, Alhaji Aliko Dangote, yesterday, dismissed the claim by critics that the quality of diesel produced by Dangote Refinery in terms of…
₦6.2tn Supplementary Budget: FG’s infrastructure investment not enough — Minister
Minister of Budget and National Planning, Atiku Bagudu on Friday said the country has not invested enough in infrastructural development. According to him, several problems being encountered recently by Nigerians…
Global IT Outage: The main sectors affected
A massive IT blackout on Friday affected a wide range of sectors around the world, from Japan to the United States. Here is an overview of the main disruptions: Airports…
‘Dangote refinery at 45% completion, not ready for commissioning’
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed has said billionaire businessman Aliko Dangote requested for total suspension of fuel importation into the…
NNPC claims Nigeria will be net exporter of petrol by December
The Group Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari, has promised that the country will be a net exporter of refined oil before the end…
Meta lifts bans on Trump’s Facebook, Instagram accounts
Meta said Friday it was lifting restrictions on US presidential candidate Donald Trump’s Facebook and Instagram accounts, ending measures put in place after his supporters violently stormed the US Capitol…
₦400bn oil production shortfall threatens 2024 budget
With crude oil production consistently failing to meet budget benchmarks and allotted OPEC quotas, the industry’s regulators and operators have come under severe pressure to fix the hostile operating environment…
Tinubu inaugurates Dangote, Okigbo, Agbaje as PECC members | Rolls out economic stabilisation programme
President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) and launched the Economic Stabilization Programme to ensure food security, improved power supply, enhanced social welfare and healthcare,…
Tinubu exempts SMEs, farmers, manufacturers from paying withholding tax
The Federal Government has approved the exemption of small businesses, manufacturers and farmers from paying withholding tax as a way of reducing the tax burden on businesses. It also introduced…
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