Reps Approve $700m Disbursement Fund to Maritime Operators The House of Representatives Committee on Nigerian Content Development and Monitoring has approved that the Nigerian Maritime Administration and Safety Agency can continue the disbursement of $700m from the Cabotage Vessel Finance Fund. The House had on May...

Fuel Subsidy and the Plight of Common Man in Nigeria, by Gidado Shuaib   While I was in Kano for a friend's wedding, I overheard a conversation that Uber drivers in Abuja have increased the cost of commuting from the airport to the city center to...

NNPC, Not FG Funded Subsidies For 2022, First Half of 2023 - Kyari By Ozumi Abdul Group Chief Executive Officer of the National Petroleum Company Limited (NNPCL), Mele Kyari, has revealed that the company and not the federal government was responsible for the funding of subsidies...

Fuel subsidy: FG, NLC Meeting Ends in Deadlock The meeting between the federal government and the leadership of the Nigeria Labour Congress (NLC) held at the Presidential Villa, Abuja on Wednesday was deadlocked as the unions insisted on reversion to status quo on the petroleum...

CBN Devalues Naira to 630/$1 The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the Importers and Exporters (I&E) window on Wednesday. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans...

Subsidy: NLC Rejects New Pump Price, Threatens to Withdraw from Dialogue The Nigeria Labour Congress (NLC) has urged the Federal Government to immediately instruct the Nigerian National Petroleum Company Ltd (NNPCL) to withdraw the just released pricing template to allow free flow of discussions by...