Fuel Subsidy: FG, Lawyers in Dialogue Over PIA Implementation The Federal Government has engaged the General Counsel and Legal Advisers’ Forum of the Mid and Downstream Operators in the oil sector on the seamless implementation of fuel subsidy removal and other aspects of the Petroleum...

Why we Recommended 114% Increase in President, Others' Salaries - RMAFC The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has justified its recommendation of an upward review of political office holders' salaries in the country. The commission had recommended a 114 per cent increase in the...

We Will Investigate Daily Petrol Consumption Figure - NEITI   The Nigerian Extractives Industries Transparency Initiative (NEITI) says there is no credible data to ascertain the daily consumption of petrol in Nigeria. Orji Ogbonnaya, its executive secretary, said the agency will conduct a study to ascertain the...

Naira Devaluation Pushes Nigeria’s Export To N42trn   The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria float of the naira. The apex bank had last Wednesday directed Deposit Money Banks to remove the rate cap on...

More Pains For Nigerians As Petrol Sells Above N550/Litre   The pangs of the fuel subsidy removal continue to hit hard on Nigerians as the price of fuel per litre now jumps above N550. It was reliably gathered that there was a rise in the ex-depot price...

Stock Market Sustains Positive Trend, Gains N52bn   Extending gains for the second consecutive day trading session, the stock market of the Nigerian Exchange Limited (NGX) yesterday closed higher as the overall capitalisation gained N52 billion due to bargain-hunting activities in Seplat Energy Plc and 49...