Why June Inflation Figure Drop Below Expectation – NBS   The National Bureau of Statistics (NBS) has stated that the inflation figure released for the month of June did not reflect the anticipated rise by experts as the market survey used...

Reps To Probe NNPCL Over Non-remittance Of Revenue   The House of Representatives is set to commence investigations into non-remittance of revenues to the federation account by the Nigerian National Petroleum Company Limited (NNPCL). This followed the adoption of a motion, ‘Need...

'Subsidy Removal Expected To Generate Fiscal Savings Of N2trn By Year End' The removal of the PMS subsidy is expected to provide fiscal savings of N2 trillion in 2023 and this, together with earnings from improved oil exports and non-oil...

NEPC Faults Global Economy For Non-oil Export Decline   Nigeria’s non-oil sector recorded a slight decrease in the value of exports to $2.54bn representing 0.09 per cent dip in the first half of 2023. This was revealed by the Executive Director/Chief Executive...

Tinubu Orders Review of N8000 Palliatives, Release of Grains to 50m Households   President Bola Ahmed Tinubu has in deference to public opinion instituted a review of the 8,000 naira the federal government planned to distribute to the poorest Nigerians. According to...

Octavus Denies Supplying Contaminated Fuel to Max Air, Vows to Uphold Aviation Safety, Integrity   Octavus, a prominent aviation fuel supplier, has denied allegations of supplying contaminated aviation fuel to Max Air, a Nigerian airline. In a press release issued on July...