Why Petrol, Diesel Prices May Not Drop Despite Dangote Refinery — Experts
Experts believe that prices of petrol and diesel may not crash significantly despite the commencement of production at the Dangote Petroleum Refinery.
With the removal of subsidy on petrol in May 2023, the price...
Public Debt Hits N121tn
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced.
This new figure is from a total debt of N97.34tn ($108.23bn) as of December 2023.
The DMO in a statement...
Nigeria to Set Electricity Tribunal as FG Activates 2.6 million Meters
The Federal Government, on Thursday, declared that it was perfecting the process for the establishment of an electricity offences tribunal with an inbuilt appeal system to speedily tackle power-related offences.
It also declared that a...
FG Begins N2.7tn Subsidy Debt Probe
The Federal Government has begun the proposed audit of the N2.7tn fuel subsidy claim by the Nigerian National Petroleum Company Limited (NNPCL).
An audit firm, KPMG had conducted an initial audit reducing the claims from N6tn to N2.7tn.
However, in the...
Italy, AfDB Launch $300m Funds to Support Africa’s Economic Growth
Italy and African Development Bank Group (AfDB) have formed a strategic alliance to launch a $300 million funding support for Africa’s economic growth.
Prime Minister of Italy, Ms. Giorgia Meloni, and the President of the African...
Naira Depreciates by 215% in One Year
Since the harmonisation of the foreign currency market segments in Nigeria one year ago, the naira has depreciated by about 214.64 per cent against the dollar.
At the close of trade on Friday, the naira stood at N1482.72 to...
