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Kerosene sells above N350 per litre in the North

• Revenue from sale of white products drops to N96.06b The average price of Household Kerosene (HHK), often shortened as kerosene, was highest in Sokoto, Taraba and Yobe, where the price in most other states was N293 per litre. Average kerosene price, according to the National...

Refineries may become scrap once Dangote’s begins Production – Kachikwu

The four refineries belonging to the Federal Government may end up as scrap once the Dangote Group begins processing crude oil at its refinery in Lagos by 2019, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. According to him, if the...

Why we bought N3.6bn Exotic cars during Recession – Reps

The House of Representatives defended its decision to buy exotic cars for its 360 members at a period the country’s economy is in recession. It said lawmakers must have a means of mobility while carrying out oversight duties over Ministries, Departments and Agencies of the...

Recession: FG owes Jonathan, Obasanjo, Shagari, others 10-month allowances

The Federal Government has said it is owing former Presidents and ex-Heads of State including Goodluck Jonathan, Olusegun Obasanjo and Shehu Shagari allowances since January this year. This was made know on Thursday when the members of the Senate Committee of Federal Character and Intergovernmental...

Don’t support FG on $29.96b loan, Fayose cautions Saraki

Ekiti State Governor Ayodele Fayose has urged Senate President, Bukola Saraki not to support the plan by the Federal Government to obtain a $29.96 billion foreign loan. He said the loan would further ruin the country’s economy. In a statement by his Special Assistant on...

RMAFC advises FG on oil operation investment options

The Revenue Mobilisation, Allocation and Fiscal Commission has asked the Federal Government to widely consult stakeholders before deciding whether to heed calls for the conversion of Nigeria’s Joint Venture contracts in oil operations to an Incorporated Joint Ventures Companies. The commission, in a statement made...