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Obasanjo says NNPC refineries will never work again

Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.
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Nigerian airlines plan Thursday shutdown as Jet A1 prices triple

Nigerian airlines may ground flights Thursday over a 300 percent surge in Jet A1 fuel prices, pushing operating costs past breaking point.
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Fuel Subsidy Removal Unavoidable, Tinubu Defends

Tinubu restates no regrets on subsidy removal, says it was for recovery and fiscal discipline.
News

Petrol Imports from Malta Surge 342% Amid Dangote, NNPC Rift

Nigeria's petrol imports from Malta have surged by 342% amid a rift between Dangote and NNPC. The increase underscores the need for reforms in the energy sector.
News

Tinubu Inherits Economic Crisis, Presidency Defends Policies

Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.
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Atiku Calls for Probe Into Secret Fuel Subsidy Payments

Atiku Abubakar urges the National Assembly to investigate alleged secret fuel subsidy payments by President Bola Tinubu’s administration.
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IMF Urges Nigeria to End Electricity Subsidies

The IMF warns Nigeria against unsustainable fuel and electricity subsidies, highlighting the need for fiscal discipline to tackle the nation's economic challenges.
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State Police: Ex-Senate President Backs APC, Urges Transparency on Fuel Subsidy

Nigeria's former Senate President and the Chairman of the Board of Trustees of the...
News

Tinubu: Fuel Subsidy Removal Will Pay Off Soon

LAGOS - President Bola Tinubu has assured Nigerians that the removal of fuel subsidy,...
Business

Nigeria’s Services Sector Boosts Economy Despite Fuel Price Hike

Nigeria, Africa’s largest economy, recorded a slight increase in its economic growth in the...
News

How Nigeria Saved N1.45 Trillion by Scrapping Fuel Subsidy

Nigeria’s government has revealed that it has saved about N1.45 trillion between June and...
News

Petrol Scarcity Hits Harder in Abuja, Lagos, Across Nigeria

Nigeria's woes deepen as cities like Abuja and Lagos witness intensified petrol scarcity, exacerbating...
Business

Nigeria Spent $10 Billion on Fuel Subsidy in 2022, Says Official 

Nigeria, the largest oil producer in Africa, has been subsidizing the petrol price for...
Politics

Nigerian Workers Get Six-Month Pay Rise Amid Fuel Subsidy Removal

Nigeria’s President Bola Tinubu has announced a provisional wage increase of N35,000 for all...
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News

Obasanjo says NNPC refineries will never work again

Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.
News

Nigerian airlines plan Thursday shutdown as Jet A1 prices triple

Nigerian airlines may ground flights Thursday over a 300 percent surge in Jet A1 fuel prices, pushing operating costs past breaking point.
Business

Nigerian investors gain N5.5 trillion as banks, industrial stocks rally

KEY POINTS Nigerian stock investors gained 5.5 trillion naira last week as the All-Share...
Politics

Elumelu’s UBA assets cross N33 trillion, sustain growth into Q1 2026

United Bank for Africa's total assets have crossed 33 trillion naira as Tony Elumelu's pan-African lender sustained earnings momentum into the first quarter of 2026.