Nigeria Remains Third-Largest Debtor to IDA With $17bn
Debt
Nigeria has retained its position as the third-largest debtor to the World Bank’s International Development Association (IDA) with its exposure climbing to $17.1bn as of September 30, 2024.
According to the World Bank’s latest!-->!-->!-->!-->!-->…
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IMF Urges Nigerian Government to Rethink Reform Strategy Amid Growing Resistance
The International Monetary Fund, IMF, has advised the Nigerian government to refine its reforms to make them acceptable and supported by the citizens who have been grossly affected by them.
The IMF, in its latest Regional Economic!-->!-->!-->!-->!-->…
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Fuel importation crisis sparks outrage over NNPC’s refinery claims
...Kyari never pledged to completely halt imports but instead to prioritise local refineries - NNPC
Doctor Robinson Onuh, Executive Director of the Energy Reforms Advocates of Nigeria (ERAN), has condemned NNPC’s management, calling!-->!-->!-->!-->!-->…
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FG’s 2025 N47.9trn Budget Filled With Unrealistic Assumptions – Experts
…Say Expansionary Budget Will Further Fuel Inflation
…N1,400 Benchmark Exchange Rate, $75 Oil Price Will Widen Fiscal Deficit
Some financial experts have criticized Nigeria’s N47.9trn 2025 proposed budget for unrealistic!-->!-->!-->!-->!-->!-->!-->…
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DisCos worsening our plights, small business-owners cry out
N221.28bn spent on alternative energy by manufacturers in H1, 2023 — Expert
The worsening economic crisis being experienced by businesses may not be exclusive to the multinationals, as Nigerian Tribune’s checks revealed that Small!-->!-->!-->!-->!-->…
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Cheap Fuel: Aliko Dangote takes on ‘oil mafia’
Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years.
But many Nigerians will judge its success on two key!-->!-->!-->!-->!-->…
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Petrol price drop: Dangote, IPMAN sign 60m litres weekly supply deal
Dangote Refinery and the Independent Petroleum Marketers Association of Nigeria, IPMAN have signed a 60-million-litre weekly Premium Motor Spirit, PMS supply deal.
This comes as IPMAN confirmed that fuel prices have marginally!-->!-->!-->!-->!-->…
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Over 300 Youths benefit as NLNG begins Nigerian Content HCD Trainings
By Saidu AbubakarNLNG, on Tuesday, in Port Harcourt, Rivers State, kicked off its Nigerian Content Human Capacity Development (NC-HCD) Basic Training Programme for the NLNG Train 7 Project, a major NC programme aimed at reskilling!-->!-->!-->…
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NNPC, Oil Marketers Import 1.5m Tonnes of Petrol in 42 Days, Putting Pressure on Naira
Analysts anticipate inflationary pressure to persist in November
The Nigerian National Petroleum Company (NNPC) Limitedand oil marketers operating in the country imported 1.5 million metric tonnes of petrol and 414,018.764 metric!-->!-->!-->!-->!-->!-->!-->…
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NNPC profiting from fuel importation, refusing to fix refineries – Coalition
The Coalition for Economic Liberation and Transformation (CELT) has strongly condemned the Nigerian National Petroleum Company (NNPC) Limited leadership for prioritising fuel importation over domestic refining.
It claimed this has!-->!-->!-->!-->!-->…
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