Economy

The Federal Government has accumulated a staggering N7.8 trillion ($4.9 billion) in subsidy debts to the Nigerian National Petroleum Company Limited (NNPC) for the seven months to…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion in profit for the 2023 financial year. Chief financial officer of NNPC Ltd., Umar Ajiya,…
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Due to insufficient crude oil feedstock, the refinery has not yet begun producing gasoline even though it started operations in January 2024 and is currently producing diesel.…
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In response to the announcement by aviation workers' unions to protest President Bola Tinubu's government's withdrawal of 50% of all internally generated revenue of aviation…
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The value of the Naira increased from N1,585 per dollar last weekend to N1,580 per dollar in the parallel market yesterday. In a same vein, the Naira strengthened on the…
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The Organisation of Petroleum Exporting Countries has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the…
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According to Trade Map data, Nigeria imported petroleum oils derived from bituminous minerals worth $2.8 billion in 2023, a significant 342 percent increase from $47.5 million in…
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In a bold declaration, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has assured that the nation's economy is poised to reach a staggering $1 trillion by 2030. This…
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On Thursday, lawmakers in the House of Representatives committed to donating 50% of their salaries for six months to help combat hunger in the country. This decision, made…
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By Babajide Komolafe The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a…
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