Purported Resignation: Who are after NNPC Boss Bashir Ojulari? A cloud of uncertainty hangs over the Nigerian National Petroleum Company Limited (NNPCL) following conflicting reports about the status of its recently appointed Group Chief Executive Officer (GCEO), Bayo Ojulari. While...

Customs Just Wrote Nigeria's Energy Rulebook By Abdulsalam Mahmud At a time when the world is searching for balance between development and sustainability, the Nigeria Customs Service (NCS) has taken a quiet but remarkable step. How? It is through the unveiling...

Re: 30% Processing of Export Raw Materials By Hanniel Sebatie Noboh On the morning of July 30, Vanguard newspaper published an editorial titled “30% Processing of Export Raw Materials”, offering its perspective on the recently passed Senate bill mandating that all...

Naira Falls Against Dollar in Black Market The naira falls consecutively against the US dollar on Thursday, July 31, mirroring the pace of its appreciation in the parallel market a week earlier. Currency dealers in Abuja told Economic Confidential that due...

FG to Rake in N796bn Revenue from 5% Petrol Surcharge The Federal Government is projected to generate up to ₦796 billion annually from a proposed five per cent surcharge on both locally refined and imported petrol, under a new tax...

Nigerians to Buy Shares in $20bn Dangote Refinery President of the Dangote Group, Alhaji Aliko Dangote, has said Nigerians will soon become shareholders in his $20bn refinery situated in Lekki, Lagos State. Dangote stated this recently at the Global Commodity Insights...