The Nigerian National Petroleum Corporation (NNPC) has increased the pump price of petrol at its retail outlets by N4 from N141 to N145 per litre. Though the new N145 price remains within the maximum price cap fixed by the federal government in May, this is...

The Federal Inland Revenue Service (FIRS) said it has generated N2.7trn revenue from oil and non-oil sources as at September 2016 which represents 81 percent of the third quarter cumulative target of 3.12tr in the 2016 budget. The Executive Chairman of the FIRS, Mr. Babatunde...

The Federal Government said the country was saving $4.5 million daily, (about N1.395 billion) from the deregulation of petroleum products. This came as indications emerged that more tank farms were running out of petroleum products in Apapa area of Lagos as a result of...

• Reps warn Adeosun, Emefiele, Nwankwo over bailout for states • Seek probe of arms purchase The Senate ordered the refund of N263,931,254,708.51 billion allegedly diverted from the Tertiary Education Trust Fund (TETFUND) by the Federal Government. The decision follows a revelation of mismanagement of funds in...

The German government has declared interest in partnering Nigeria to salvage the recession rocking the country through vocational trainings to provide jobs for the teaming youths, ensure good qualification and through boosting of enterprise in Nigeria. It said this is necessary considering the rate at...

The Federal Government has concluded plans to appoint a technical adviser for the proposed national carrier latest by Wednesday next week. The Minister of State for Aviation, Hadi Sirika, disclosed this to State House correspondents at the end of a meeting of the Federal Executive...