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FG Denies Budgeting N5.4 trillion for fuel subsidy in 2024

FG Denies Budgeting N5.4 trillion for fuel subsidy in 2024 The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has debunked reports that the federal government made a N5.4 trillion provision for fuel subsidy for 2024. This is contained in a statement by...

FG to Roll Out 2,700 CNG Buses, Tricycles Next Month

FG to Roll Out 2,700 CNG Buses, Tricycles Next Month The Presidency has said it is set to launch about 2,700 Compressed Natural Gas-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. It said the federal government was set...

Investment Forum: Qatar Didn’t Snub Nigeria – Presidency

Investment Forum: Qatar Didn't Snub Nigeria - Presidency   The Presidency has explained the circumstances surrounding a leaked diplomatic correspondence between the Embassy of the State of Qatar in Abuja and the country's Ministry of Foreign Affairs regarding President Bola Ahmed Tinubu’s state visit to Qatar...

In 8 Months of Tinubu Administration, Nigeria’s Stock Market Leads the World, by Bayo Onanuga

In 8 Months of Tinubu Administration, Nigeria’s Stock Market Leads the World, by Bayo Onanuga   The Nigerian economy is looking good in some sectors. This is not a harebrained assessment, despite the high inflation and the unstable exchange rate of the Naira. Those who doubt...

The Many Silver Linings of Tinubu’s 7 Months in Office, by Bayo Onanuga

The Many Silver Linings of Tinubu's 7 Months in Office, by Bayo Onanuga   The removal of fuel subsidy and the move to merge foreign exchange rates, two headline reforms introduced by the Tinubu administration since late May, triggered problems such as high fuel prices and...

The ‘Foolish Man’ and his Mega Refinery Complex, by Bayo Onanuga

The 'Foolish Man' and his Mega Refinery Complex, by Bayo Onanuga   Some years ago, Aliko Dangote, Africa's richest man invited media leaders to a luncheon at then Protea Hotel in Ikeja to mark his 55th birthday. Some of his guests sat around him at the centre table....