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Finance & Economy - Page 125

Major Events That Shaped Nigeria’s Oil and Gas Sector In

Iran War and The Economics of Fuel Costs

By ETIM ETIM We are now in the third week of the war in the Middle East, and the Nigerian economy is in trouble once again. Petrol prices are up 50% from levels in early February with attendant price increases in many

March 15, 2026

Business·News·Oil & Gas

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Residents of Lagos, Enugu, and Anambra have lamented challenges posed by the raging scarcity of Premium Motor Spirit (PMS) also known as petrol, and the sudden hike in price of the product.

May 1, 2024

Labour·News

Workers’ Day: ‘Any Minimum Wage Below N50,000 Is Too Poor’

As the debate over what should be the appropriate minimum wage for Nigerian workers goes on, Chief Economist and Senior Partner at SPM Professionals, Dr Paul Alaje, has said anything below N50,000 “is too poor” given the current high inflation rate and

May 1, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Currency·Finance & Economy

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

CBN has increased the foreign exchange (FX) rate for calculating Customs duties by 19.43 per cent in one week following the recent depreciation of the naira in the forex market.

April 30, 2024

Business·News·Oil & Gas

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Amid the raging fuel scarcity in parts of Nigeria, the Nigerian National Petroleum Company Limited (NNPCL), and the Major Energies Marketers Association of Nigeria (MEMAN) have assured that there is adequate stock of Premium Motor Spirit (PMS) also known as petrol for

April 30, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Currency·Finance & Economy

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Prof. Kingsley Moghalu, has urged the Nigerian government to focus on dealing with real issues affecting production in the country to achieve stability of the naira.

April 30, 2024

Fuel Price Chaos: From N195 To N1,200 In Less Than 2years Amid Economic Hardship

Business·News·Oil & Gas

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Petrol queues, crowded bus stops, traffic, and hikes in transport fares have returned to most states in Nigeria, with residents resorting to buying petrol in jerrycans, fondly referred to as ‘kegs’ as black market prices soar towards N1000 per litre due to

April 30, 2024

Oil & Gas·Opinion

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

At the World Economic Forum in Riyadh, Saudi Arabia, Sunday, Nigeria’s President, Bola Tinubu, argued that subsidy removal saved Nigeria from bankruptcy. Continued payment of subsidy by government would have impoverished the country, according to Tinubu

April 29, 2024

Business·Oil & Gas

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

Petroleum engineer, Mr Martin Onovo, has alleged that the Nigeria National Petroleum Company Limited (NNPCL) has not been providing accurate information about the status of ongoing rehabilitation of the Port Harcourt refinery. His comment comes amid worries expressed by Nigerians over the

April 29, 2024

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

Business·News·Oil & Gas

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

President Bola Tinubu has defended his administration’s decision to discontinue fuel subsidy payments, stating that it was a necessary action to prevent Nigeria from going bankrupt. Speaking at the Special World Economic Forum in Riyadh, Saudi Arabia, Tinubu acknowledged that the policy

April 29, 2024

Business·News·Oil & Gas

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) is filing a lawsuit against the Nigerian National Petroleum Corporation (NNPC) over the company’s inability to clarify and account for the missing $2.04 billion and N164 billion alleged missing oil revenue. According to SERAP, the

April 28, 2024

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Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

6 Things Nigerians Should Know About the Current Oil Market Trends

The global oil market is once again at the centre

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

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Finance & Economy - Page 125

Iran War and The Economics of Fuel Costs

Lagos, Anambra, Enugu Residents Lament Petrol Scarcity, Price Hike

Workers’ Day: ‘Any Minimum Wage Below N50,000 Is Too Poor’

CBN Raises Customs FX Rate For Import Duties By 19.43% In 1 Week As Naira Depreciates

Fuel Scarcity: We’ve Adequate Stock, NNPCL, Marketers Assure, Promise To Clear Queues By Wednesday

Forex Crisis: Let’s Deal With Real Issues Of Boosting Production To Stabilise Naira – Moghalu

Fuel Scarcity: Queues, Hikes in Transport Fares Return As Petrol Near N1000/litre

Tinubu’s Lingering Fuel Subsidy Argument: Some Ordinary Man’s Questions

NNPC Not Giving Accurate Information About PH Refinery Rehabilitation – Expert

How Fuel Subsidy Removal Saved Nigeria From Bankruptcy- Tinubu

Why SERAP sues NNPC Over Failure To Account For $2.04 billion, N164 billion In Oil Revenues

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Iran War and The Economics of Fuel Costs

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6 Things Nigerians Should Know About the Current Oil Market Trends

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

Battlefield Innovation: Why Saudi Arabia Is Eyeing Ukraine’s Counter-Drone Technology

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Finance & Economy - Page 125

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