Competition, market forces to moderate petrol prices downward over time – NNPCLtd GCEO
THE Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCLtd), Mele Kolo Kyari, said competition and market forces would moderate the...
Nigeria’s tax-to-GDP ratio rose to 10.86% in 2021 – FIRS
THE Federal Inland Revenue Service (FIRS) said Nigeria’s tax-to-gross domestic product (GDP) ratio, which hovered between 5 and 6 per cent for 12 years,...
Labour berates NNPCLtd for publicising new petrol price template despite ongoing negotiations
THE Nigeria Labour Congress (NLC) has berated the Nigerian National Petroleum Company Limited (NNPLtd.) for publicly publishing a new price template for petrol while...
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NNPCLtd increases petrol pump price by almost 200%, document confirms deregulation
THE Nigerian National Petroleum Company Limited (NNPCLtd.) has officially increased the pump price of premium motor spirit (PMS), popularly known as petrol, by about...
Fuel queues resurface in Nigeria amid Tinubu’s ‘no more subsidy’ declaration
FUEL queues have resurfaced in major cities across the country, following the declaration by President Bola Ahmed Tinubu that there will be no more...
Tinubu promises unified forex regime, agricultural hubs in states
PRESIDENT Bola Ahmed Tinubu has promised a unified foreign exchange rate regime as he disclosed plans to have agricultural hubs cited across states in...
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Buhari swears in new revenue commissioners in administration’s final FEC
THE PRESIDENT, Muhammadu Buhari, on Wednesday, May 24, swore in seven federal commissioners of the Revenue, Mobilisation, Allocation and Fiscal Commission (RMAFC).
The brief ceremony...
Cost of funds for businesses to rise as CBN raises interest rate to 18.5%
BUSINESSES in Nigeria will have to cope with a higher cost of sourcing funds as the Central Bank of Nigeria (CBN) has raised the...
Vandals destroy 9 transmission towers, cause blackouts in Abeokuta, environs
VANDALS have destroyed nine transmission towers of the Transmission Company of Nigeria (TCN) in Ogun state, throwing the affected areas into blackouts.
The vandalism is...
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