NNPC Cancels N4.01tn in Subsidy and Other Federal Government Debts
The Nigerian National Petroleum Company Limited (NNPC Ltd) has written off subsidy arrears and other obligations owed by the Federal...
Capital Gains Tax Revival Raises Fresh Concerns Over Investor Confidence
Nigeria’s decision to reintroduce capital gains tax on equity investments is reshaping conversations across the capital market, exposing deeper concerns...
Dangote Refinery Rolls Out ₦739 per Litre Petrol at MRS Stations Nationwide
Dangote Petroleum Refinery has begun the nationwide sale of Premium Motor Spirit (PMS) at a pump price of ₦739 per...
FG’s Debt to Power Producers May Rise to ₦6.4 Trillion by 2025
Nigeria’s electricity sector is facing deepening financial strain as the Federal Government’s outstanding obligations to power generation companies (GENCOs) are...
Dangote Announces New Petrol Price of N739, Vows to Enforce Nationwide Cap
Aliko Dangote, President of the Dangote Group, has announced that petrol will be sold at a new price of N739...
Nigeria’s Oil Output Rises by 35,000 Barrels Per Day in November
Nigeria recorded one of the strongest monthly production increases among OPEC members in November, adding 35,000 barrels per day (bpd)...
Domestic Refining and Stronger Naira Drive Down Petrol Prices in Nigeria
A sustained decline in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, is providing relief to...
Healthy Eating Now Costs Nigerians ₦1,611 Daily as Food Prices Surge 27% in One Year
The National Bureau of Statistics (NBS) has revealed that the average cost of putting together a healthy diet for one...
NNPC Ltd Faces ₦8.07 Trillion Crude-Backed Debt Mountain as Forward-Sale Obligations Mount
The Nigerian National Petroleum Company Limited (NNPC Ltd) ended 2024 carrying at least ₦8.07 trillion in outstanding obligations tied to...
NNPC Ltd Posts Record N5.4 Trillion Profit in 2024, Sets Sights on 3 Million Barrels Per Day by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared an unprecedented Profit After Tax of N5.4 trillion for the...
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