The International Monetary Fund has said that efforts to save the naira by rationing foreign exchange have failed. The IMF stated this in its policy paper on macroeconomic developments and prospects in low-income developing countries. The fund link economic failures in the country to “delayed/poorly managed...

...Marketers may solely determine pump prices ...NUPENG suspends warning strike ...NNPC says refineries pump kerosene, diesel The Petroleum Products Pricing Regulatory Agency (PPPRA), which controls the cost of petrol in the country, is in disarray and this is disrupting the implementation of the existing pricing template. The Guardian...

The Central Bank of Nigeria (CBN) has reacted to allegations of corruption levelled against it by Nigerian Wailers, saying that the Wailers are paid agents and would fail in their bid to distract the government from its focus. The Acting Director of Corporate Communications, Mr....

The National Executive Committee of the Nigeria Union of Petroleum and Natural Gas Workers have taken a decision to commence a three-day warning strike to protest “anti-labour practices” in the oil and gas sector. The President of NUPENG, Mr. Achese Igwe, who spoke with journalists...

The All Progressives Congress appears to be settling its political quarrels with the surprise emergence of Senator Ahmed Lawan as the majority leader of the Senate. He replaces Senator Ali Ndume from Borno State who had occupied the position since June 2015, when the upper...

Senate President Bukola Saraki says the privatisation of the power sector has failed. Saraki said this in his message at the opening session of the Senate, while also decrying the policy inconsistencies that have continued to challenge the business environment. He said, “Before we left for...