Category: Economy
External reserves dropped by $640m in May – CBN
Nike Popoola 2 June 2021 Kindly share this story: alling to $34.24bn on May 28 from $34.88bn as of April 28. Figures obtained from the…
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Daily fuel consumption hits 72.72m litres, marketers blame smuggling
Femi Asu Petrol usage jumped from 57.44 million litres in November to 72.72m in DecIndependent marketers berate security agencies, say fuel trucks not needlePetrol supply…
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Senate summons NNPC again, cites non-remittance of N4.07tn
Sunday Aborisade The Senate Public Accounts Committee has again summoned the management of the Nigerian National Petroleum Corporation over alleged non-remittance of N4.07tn to the…
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FG refineries earn N21bn, lose N778bn in five years
Femi AsuThe government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of…
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Nigeria’s inflation rises again, hit four-year high
The consumer price index which measures inflation increased by 17.33 per cent (year-on-year) in February 2021.The National Bureau of Statistics on Tuesday revealed this in…
View More Nigeria’s inflation rises again, hit four-year high
Petrol subsidy to gulp N102.96bn in March
Published March 15, 2021 Okechukwu Nnodim and Joseph OlaoluwaPump price doesn ’ t reflect market forces , petrol being subsidised – NNPCPrivate sector won ’…
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Experts rate economy as weak despite exit from recession
Published February 19, 2021 Nike Popoola , ‘ Femi Asu, Okechukwu Nnodim , Joseph Olaoluwa and Temmy O’ Peters Nigeria exited recession after the country…
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Marketers raise petrol price to N170, depots suffer shortage
Published February 17, 2021’ Femi Asu Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa .Our…
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N49.68bn spent on pipeline repairs in 10 months – NNPC
Published February 1, 2021 ’ Femi Asu With the challenge of pipeline vandalism lingering in the country , the Nigerian National Petroleum Corporation spent almost…
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Refineries gulped N81.41bn, refined zero crude – NNPC
Published November 23, 2020Okechukwu Nnodim, Abuja A total of N 81 .41 bn was expended on Nigeria ’s refineries between January and August this year…
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