Stakeholders Push for Overhaul of Secrecy Laws Blocking Defence Transparency
Civil society groups and security stakeholders have urged the urgent review of secrecy laws that obstruct transparency and accountability in Nigeria’s defence and security sector.
The demand was made at the...
NNPC, Marketers Reduce Petrol Prices After Dangote’s Price Cut
The Nigerian National Petroleum Company Limited (NNPC) and other marketers have reduced the pump prices of Premium Motor Spirit (petrol) following Dangote Petroleum Refinery’s cut in ex-depot prices.
From as high as...
FG Clears N2trn Contractor Debt, Plans 2025 Capital Budget
The Federal Government has cleared over N2tn in outstanding capital budget obligations from the 2024 fiscal year, with a pledge to prioritise the timely release of 2025 capital funds.
The Minister of...
NUPRC Aims to Capture 40% of Africa's Oil Investments
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is taking bold steps to reclaim the country’s dominant position in Africa’s oil and gas investment space after its share of sub-Saharan...
Equities Plunge N358bn as NGX Bearish Trend Persists
The Nigerian Exchange Limited (NGX) sustained its bearish momentum on Thursday as profit-taking and sell-offs in several large- and mid-cap stocks wiped out about N358bn from the market capitalisation.
At the close of...
Strike Looms as Labour, PenCom Disagree Over Pension Funds
The Nigeria Labour Congress (NLC) has threatened a nationwide strike if the Federal Government fails to return what it claims to be billions of naira taken from workers’ insurance contributions. It...
