Tinubu suspends CBN governor, Godwin Emefiele
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been suspended from office. A terse statement from the Office of the Secretary to the Government of the…
FCCPC resumes registration of digital money lending platforms
The Federal Competition & Consumer Protection Commission (FCCPC) on Friday announced the reopening of registration of digital money lending platforms in the country. The registration carried out under the inter-agency Joint…
Global Fleet Chairman, Jimoh Ibrahim, loses appeal over N69.4bn debt; bank accounts still frozen
Lagos businessman and Chairman, Global Fleet Group, Jimoh Ibrahim, has lost his appeal before the Court of Appeal Lagos State Division challenging the seizure of 12 of his assets and…
DAPPMAN hails subsidy removal, wants charges by NNPC, NPA, NMDPRA scrapped
The Depot and Petroleum Products Marketing Association of Nigeria (DAPPMAN) says it was in full support of the Tinubu administration decision on the removal of subsidy on Premium Motor Spirit…
NNPC yet to reconcile N8.5trn. petrol subsidy claims with OAGF, others, says RMAFC Chairman
The management of the Nigerian National Petroleum Company Limited (NNPCL) is yet to reconcile its N8.48 trillion claims for subsidy payment on Premium Motor Spirit (PMS) with the Office of…
Planned nationwide strike called off not to encourage lawlessness, Labour clarifies
The nationwide strike action by workers earlier planned for Wednesday, June 7 was suspended to avoid encouraging acts of lawlessness exhibited by the Federal Government, the Nigeria Labour Congress (NLC)…
Subsidy removal crisis shifts attention to autogas, CNG as alternative fuels to petrol
The current petrol subsidy removal crisis has reinforced the quest for autogas and compressed natural gas (CNG) as alternative fuels to petrol. Since new President, Bola Tinubu’s pronouncement on the…
Subsidy removal: How Nigerian govt plans to remove import-dependent source of domestic fuel supply
To effectively remove the country’s source of petroleum products from being import-dependent, the Federal Government is to expand the domestic refining capacity to meet local fuel consumption demand. At the…
OPEC quota: Nigeria to produce 1.38m barrels per day in 2024
Nigeria is to produce an average of 1.380 million barrels per day of the total 40.463 million barrels per day oil production quota set for 2024 by the Organisation of…
Fuel price crisis: Labour gives govt. seven days to revert to old prices
The Nigeria Labour Congress (NLC), the umbrella group of all Nigerian workers, has formally rejected the new pump price regime for petrol in the country until local refining of petroleum…