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Latest News in Nigeria - Page 74

NNPCL Lacks Power To Fix Petroleum Prices, Says Falana

Human rights lawyer, Femi Falana, has criticised the Nigerian National Petroleum Company Limited (NNPCL) for setting petroleum prices, arguing that the practice is illegal according to the law that governs the company. Falana made this claim in response to NNPCL’s recent announcement

October 11, 2024

Food Prices Rises Continually As Two-thirds Go Hungry- Report

Business·News

Nigeria Among Top 5 Nations Facing Food Inflation, Says World Bank

A recent report by the World Bank has said that Nigeria is among the top five countries worst affected by food inflation worldwide. The report, released in September, highlights Nigeria’s deteriorating food security due to rising inflation, conflict, and climate-related challenges. The

October 11, 2024

Dangote Refinery To Start Processing Only Nigerian Oil By Year End

Business·Markets·Oil & Gas

Nigerian Govt Permits Marketers To Lift Petrol Directly From Dangote Refinery

In a significant shift for Nigeria’s petroleum industry, the Federal Government has approved a new system that allows petroleum marketers to lift petrol directly from the Dangote Refinery. This change bypasses the Nigerian National Petroleum Company Limited (NNPCL), marking a move towards

October 11, 2024

Barely 48 Hours After Petrol Price Hike; Food, Transportation Prices Remain Unchanged

Business·FEATURES·News·Oil & Gas

48 Hours After Petrol Price Hike: Food, Transport Costs Remain Unchanged

Petrol Price Hike Sparks Concern, but Lagos Transport and Food Prices Stay Unchanged In the wake of the latest petrol price hike by the Nigerian National Petroleum Company Limited (NNPCL) to N1,000 and N1,030 per litre, up from N897 and N900, Nigerians

October 11, 2024

Business·News·Oil & Gas

Atiku Slams Tinubu Over Hardship, Labels Him ‘T-Pain’

Former Vice President Atiku Abubakar has strongly criticised President Bola Tinubu for the ongoing economic hardship that Nigerians are facing, particularly due to the rise in fuel price. Atiku, who was the 2023 presidential candidate for the People’s Democratic Party (PDP), took

October 11, 2024

Nigeria's Equity Market Declines By 1.99% in March Despite Weekly Gains

Business·Markets·News

Nigeria’s Equity Market Sees Another Drop By 0.01% As Investors Await Fresh Catalysts

Equity Market Declines by 0.01% Amid Investor Caution The Nigerian equity market faced a minor setback on Thursday, dipping by 0.01%, equating to a N6 billion reduction in market capitalisation. Investors mostly sold banking, consumer goods, and oil stocks, contributing to this

October 11, 2024

NNPCL Denies Inflating Fuel Subsidy Payments

Business·News·Oil & Gas

NNPCL Faces Criticism Over Selling Fuel To Marketers At N1,010

NNPCL Fuel Prices Ignite Controversy The Nigerian National Petroleum Company Limited (NNPCL) has come under fire for asking independent oil marketers to purchase fuel at higher prices than what it paid for the product from the Dangote Refinery. Marketers are now calling

October 10, 2024

Broken Promises, Broken Trust: The Failure Of Government Communication In Nigeria

Business·News

Tinubu’s Government Borrows Over $6bn In 16 Months From World Bank- Report

Tinubu’s World Bank Borrowings Reach $6.45 Billion President Bola Ahmed Tinubu’s administration has borrowed a total of $6.45 billion from the World Bank within 16 months, as revealed by a document on the global lender’s website. This loan is part of a

October 10, 2024

Business·Markets·News

Nigeria’s Equity Market Dips To 0.10% Amid Mixed Investor Sentiment

Nigeria’s Equity Market Records 0.10% Decline Nigeria’s equity market saw a decline of 0.10 percent on Wednesday, wiping off N56 billion from the Lagos Bourse. Investors showed mixed sentiment, with some stocks taking a hit while others recorded gains. The negative shift

October 10, 2024

Business·News

Nigerian Govt Implements Zero VAT On Pharmaceutical Products

The Federal Government of Nigeria has introduced a zero Value Added Tax (VAT) policy on pharmaceutical products and medical devices. This move, aimed at lowering the prices of essential drugs, follows the implementation of an Executive Order designed to ease financial pressure

October 10, 2024

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Latest News in Nigeria - Page 74

NNPCL Lacks Power To Fix Petroleum Prices, Says Falana

Nigeria Among Top 5 Nations Facing Food Inflation, Says World Bank

Nigerian Govt Permits Marketers To Lift Petrol Directly From Dangote Refinery

48 Hours After Petrol Price Hike: Food, Transport Costs Remain Unchanged

Atiku Slams Tinubu Over Hardship, Labels Him ‘T-Pain’

Nigeria’s Equity Market Sees Another Drop By 0.01% As Investors Await Fresh Catalysts

NNPCL Faces Criticism Over Selling Fuel To Marketers At N1,010

Tinubu’s Government Borrows Over $6bn In 16 Months From World Bank- Report

Nigeria’s Equity Market Dips To 0.10% Amid Mixed Investor Sentiment

Nigerian Govt Implements Zero VAT On Pharmaceutical Products

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