States Tackle NNPCL Over Extra ₦1 Trillion Subsidy Payment
The Nigerian National Petroleum Company Limited has requested an additional subsidy refund of N1.19 trillion for July 2024, citing exchange rate differentials on Premium Motor […]
Business
Nigeria’s GDP Grows By 3.46% In Q3 2024 – NBS
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% (year-on-year) in real terms in Q3 2024.This growth rate is higher than the 2.54% recorded in Q3 […]
Dangote Refinery: Naira-based Crude Sale Scheme Faltering, NNPC Defaulting
The Dangote Petroleum Refinery says the federal government’s initiative to sell crude priced in the local currency is faltering, as the plant is still unable to […]
Naira Depreciates To ₦1,750/$ In Parallel Market
The Naira on Friday depreciated to N1,750 per dollar in the parallel market from N1,745 per dollar on Thursday. But the Naira appreciated to N1,652.62 […]
NNPC Asks Court To Strike Out Dangote Refinery’s Suit Over Import Licences To Marketers
The Nigerian National Petroleum Company Limited (NNPCL) is seeking to dismiss a lawsuit filed by Dangote Petroleum Refinery and Petrochemicals FZE, labeling it “incompetent.” This […]
Virgin Islands top court authorises Chinese investors Zhongshan to seize $25 million from Nigeria over Ogun trade zone deal
A top court in the British Virgin Islands has granted Chinese investors Zhongshan the authority to seize £20 million ($25 million) from Nigeria’s foreign denominated […]
Former Billionaire Investor Bill Hwang Faces 21-Year Prison Sentence Over $10Billion Loss From Archegos Capital Collapse In US
Bill Hwang, the former billionaire investor behind Archegos Capital Management, could face a lengthy prison sentence following his conviction over the firm’s 2021 collapse, which […]
It’s Unfair For Lagos, Rivers, FCT To Have 70% VAT Proceeds – FIRS Boss
The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has described the allocation of 70% of value-added tax (VAT) proceeds to Lagos, […]
Dangote Refinery Begins Fuel Export To West African Countries
The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinery’s operations could soon […]
Rethink Reform Strategies, IMF Advises Nigeria
Against the backdrop of frustrations faced by the general public in Nigeria and some other Sub-Saharan African countries undergoing economic reforms, the International Monetary Fund, […]