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163 Articles
Politics

The Cost of Loading Premium Motor Spirit (Petrol) and Other Refined Petroleum Products at Depots Rose on Monday

On Monday, the cost of loading Premium Motor Spirit (PMS), commonly known as petrol, and other refined petroleum products at depots across Nigeria...

Economy

Skyrocketing Food Prices in Kaduna Dampen Christmas Spirits

Just 24 hours before Christmas, the residents of Kaduna are facing a harsh reality as the prices of cooking gas and essential food...

Politics

Imo State Governor Presents N756 Billion 2025 Budget Aimed at Economic Expansion

On Monday, Governor Hope Uzodimma of Imo State unveiled the 2025 budget to the state’s House of Assembly, proposing a hefty N756 billion...

Economy

Naira Strengthens in Parallel Market but Depreciates in Official FX Market

The Naira appreciated marginally in the parallel market yesterday, improving to ₦1,660 per dollar from ₦1,662 per dollar recorded over the weekend. However,...

Economy

Federal Government Reports $20 Billion Savings from Subsidy Removal

The Federal Government of Nigeria has announced a $20 billion savings following the removal of the petrol subsidy and the adoption of market-driven...

Economy

Naira Depreciates Further Against the Dollar Across FX Markets

The naira experienced renewed depreciation against the dollar on Wednesday at both the official and black market foreign exchange rates. Data from FMDQ...

Politics

NNPCL Raises Petrol Prices Again Amid Declining Global Oil Rates and Naira Depreciation

In a new price adjustment, the Nigerian National Petroleum Company Limited (NNPCL) has raised the price of Premium Motor Spirit (PMS), commonly known...

Economy

CBN Maintains High Interest Rates to Tackle Persistent Inflation in Nigeria

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, recently highlighted the complexities surrounding Nigeria’s high-interest rate policies, pointing out...

Politics

Nigerian Government Bans LPG Exports to Curb Rising Cooking Gas Prices

In a bid to address the soaring cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, the Nigerian federal government has...

Economy

NNPC-Chevron Joint Venture Makes New Discovery Amid Declining Oil Exploration in Nigeria

The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has achieved a significant milestone with the successful drilling of the Meji...