Petrol: FX Scarcity Stalls Fresh Importation   The hope of fresh petrol importation into the country may have been dashed, as findings revealed that oil marketers, who have been licensed to import fuel, are currently having difficulties accessing forex (FX). Sources close to the matter said that...

We Will Reconcile N2.1trn Subsidy Deduction With FAAC - NNPC The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee (FAAC) had in May asked NNPCL to refund over N2.1 trillion to the federation account. NNPCL...

VIDEO: Residents Lament Hike in Transport Fares, Others over Fuel Subsidy Removal   Nigerians have continued to groan over the consequential inflation in the prices of transportation and other staple items weeks after the implementation of the Federal Government's fuel subsidy removal policy. President Bola Ahmed Tinubu...

NERC Reveal Why DISCOs Recorded 40% Revenue Loss   The Nigeria Electricity Regulatory Commission (NERC) has urged Distribution Companies (DisCos) to make investments in infrastructure upgrades, modernise their metering systems and improve revenue collection methods, to ensure better efficiency and more revenue. This position was contained...

Inflation: Prices Of Yam, Beef Rise By 22.8%, 24.9% — NBS   The National Bureau of Statistics (NBS) yesterday said that the prices of beef and Yam rose up by 24.9 per cent and 22.8 per cent Year-on-Year, YoY respectively in May, reflecting the continued increase...

Frustration Mounts As Discos Consider 40% Electricity Tariffs Hike   Speculations of plans to raise electricity tariffs up by 40 percent barely a few weeks after the removal of the petrol subsidy have triggered anger among customers. While it is mandatory for electricity distribution companies to regularly...