During the ongoing 79th United Nations General Assembly (UNGA), Nigerian President Bola Tinubu has made a compelling appeal to world leaders for comprehensive debt forgiveness for Nigeria and other developing countries. Speaking at the high-level meeting, Tinubu underscored the urgent need for financial relief to enable sustainable economic progress in nations facing crippling debt burdens….
The Federal Government of Nigeria has approved a series of comprehensive tax relief measures aimed at supporting businesses and boosting employment. This initiative is part of an overarching strategy to encourage investment, economic growth, and job creation in the face of Nigeria’s current economic challenges. Key Provisions of the Tax Relief Package The newly introduced…
Former Kogi State Governor Yahaya Bello has been arrested following a midnight sting operation conducted by the Economic and Financial Crimes Commission (EFCC). The arrest comes amidst ongoing investigations into allegations of money laundering and fraud involving a staggering ₦80.2 billion. Details of the Arrest Bello’s arrest was executed after months of evasion, during which…
•N898 per litre based on crude imported in dollars — DANGOTE•NNPC lifts 16.8m litres out of 25m By Udeme Akpan, Energy Editor, Godwin Oritshe, Obas Esiedesa & Mariam Eko The Nigerian National Petroleum Company Limited, NNPCL, and Dangote Refinery yesterday disagreed over the pricing of the petrol to be supplied by the refinery. The disagreement…
Thank you, Mr. Dangote. You are a patriot, a priceless national hero. As the common saying goes, ‘you have done what Napoleon could not do.’ Beginning today, the entire nation should begin to feel a sense of pride as Dangote Refinery begins to sell petroleum products locally. This is no ordinary news. What this means…
Fellow Nigerians, we have entered the era of Tinubunomics. Listen to this: Oil marketers are fighting against market forces as Dangote drops the price of Diesel. Hear this: They say that Dangote is distorting their businesses by trying to give Nigerians lower prices. Where in the world have lower prices ever hurt a country? This…
The Dangote Petroleum Refinery, Africa’s largest oil refinery, is contemplating the export of its refined products, including Premium Motor Spirit (PMS), following a lack of support from local petroleum marketers. This decision comes as the refinery has begun producing petrol but faces significant hurdles in selling its products domestically. Local Market Resistance According to Devakumar…
The Nigerian economy is facing significant challenges as global oil prices have dropped below $70 per barrel, further straining the value of the naira. This decline in oil prices, which are critical to Nigeria’s revenue generation, raises concerns about the country’s economic stability and the currency’s future. Decline in Oil Prices Recent market trends indicate…
The Economic and Financial Crimes Commission (EFCC) has announced its intention to prosecute significant financial fraud cases involving banks and high-ranking officials. This declaration comes amid concerns over the prevalence of financial crimes in Nigeria. Rising Financial Fraud Cases A recent report indicates a 77.62% decline in financial fraud losses among Nigerian banks in Q1…
I’m thinking here that I need to employ another language to properly express my exasperation at some of the issues that plague us, in this case, Petrol. This is why I’m resorting to speaking Latin as against the English language. Where is the President? Ubi Est Praeses? We need to know because he alone it…
