Public, Private Pension Contributions Rise to N11tn – Report A report on 20 years of pension reforms in Nigeria obtained on Thursday showed that pension contributions from the public and private sectors rose to N11tn in the second quarter of 2024. The Chief Executive Officer of...

Oil Producers Not to Blame for Fuel Price Hike in Nigeria - OPEC The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has said that oil producers are not responsible for the hike in fuel prices in Nigeria. According to OPEC,...

CBN Maintains 5% Ways and Means Advance Despite N’Assembly Bill The Central Bank of Nigeria (CBN) has maintained its Ways and Means Advances to the federal government at a 5 per cent limit for the fiscal years 2024-2025, despite a bill passed by the National...

Why Port Harcourt Refinery Operations Stall Despite Overhaul The Port Harcourt refinery has not formally commenced operations despite completing its overhaul for the production of petroleum products “in order to avoid a situation where the refinery produces for a few months and shuts down for...

Nigeria Aims $1.5bn GDP through Halal Economy The Nigerian government says it will launch a comprehensive strategy on Wednesday to become a leading player in the $7tn Halal economy. It also announced plans to grow its Gross Domestic Product to $1.5bn by 2027 through strategic initiatives. The...

Dangote Petrol: NNPCL Insists Paying N898 Per Litre The Nigerian National Petroleum Company Limited (NNPCL) has insisted that it paid N898 per litre for the purchase of petrol from the Dangote Refinery. Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd, stated this while responding to...