FG Rules Out Subsidy as CNG Price Rises The Presidential Compressed Natural Gas Initiative, PCNGI, has clarified that the federal government does not provide subsidies on Compressed Natural Gas, CNG, following the recent hike in pump prices by some operators. In...

Experts, Obi Fault Tinubu on Economic Stability Claim Financial experts have challenged President Bola Tinubu’s assertion that Nigeria’s economy has stabilised and that the country has stopped domestic borrowing, arguing that available indicators do not fully support his position. Similarly, the...

NGX Records ₦367bn Weekly Loss Amid Market Downturn  The Nigerian Stock Exchange closed Wednesday under pressure, losing a total of N367bn as investors continued to react to market volatility. At the close of the day’s trading session, the All-Share Index shed...

Shell Eyes $200bn Opportunity in Nigeria’s Energy Shortfall Shell Nigeria Exploration and Production Company Ltd’s Managing Director and Chairman of Shell’s off-grid impact investment firm, All On, Ronald Adams, has said Nigeria’s huge energy shortfall should be seen as a...

Nigeria Regains Global Respect Through My Reforms, Says Tinubu President Bola Tinubu says his administration’s bold economic reforms are beginning to yield positive results, restoring Nigeria’s global respect and repositioning the country for growth. He noted that the various reforms his...

Naira Holds Firm Against Dollar in Black Market, NAFEM on Sept 3 The naira remained steady against the US dollar on Wednesday, September 3, appreciating in both the parallel market and the official Nigerian Foreign Exchange Market (NAFEM). Currency traders in...