Reps Pledge 50% of Salaries to Cushion Economic Hardship
The House of Representatives on Thursday pledged to give up 50 per cent of their salaries for six months to address the hunger across the country.
During a plenary session presided over by Speaker Tajudeen Abbas, Deputy...
IOCs Sell Crude at $4 Per Barrel Above Official Rate, Hike Petrol Price — Dangote
The Dangote Industries Limited (DIL) said local petrol prices will continue to increase as trading arms offer cargoes at $2-$4 per barrel above the Nigeria Upstream Petroleum Regulatory Commission (NUPRC)...
Senate Approves Tinubu’s N6.2tn Budget Injection as 2024 Budget Hits N33.7tn
The National Assembly has approved Tinubu’s N6.2 trillion budget request, enhancing capital and recurrent expenditure.
The two chambers of the National Assembly, on Wednesday, gave accelerated consideration and approval to President Bola Tinubu’s request for...
Average FX Turnover Rises 180% to $240m in One Year – CBN
Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent in one year to $240.64m as of the end of February.
This is an...
Illegal Refinery: FG Uncovers 221 Cases of Oil theft in One Week
The Nigerian National Petroleum Company has revealed that no fewer than 221 cases of oil theft were uncovered across various communities of the Niger Delta region in the past week.
According to the NNPC,...
Shippers’ Council Says Illicit Financial Outflows Cost Nigeria, Others $50bn Annually
The Nigerian Shippers’ Council has disclosed that Nigeria and other African nations are losing $50 billion a year to illegal financial outflows.
The Executive Secretary/Chief Executive Officer of the NSC, Pius Akutah, stated this in...
