FX crisis, costly subsidies forced FG to print over N30trn – Oyedele
Taiwo Oyedele
The Federal Government has blamed severe dollar shortages, dwindling crude oil earnings and costly subsidy policies for its decision to print more than N30 trillion three years ago.Minister of Finance and Coordinating…
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NCDMB, Stakeholders Chart Path for Domestic Manufacturing of Critical Oil and Gas Equipment
The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with oil and gas stakeholders, has initiated steps to implement recommendations from an industry-wide study on in-country manufacturing of key components.
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FEC Did Not Approve $6 Billion Mambilla Project Contract — Imoke
The Economic and Financial Crimes Commission (EFCC) says a former Minister of Power and Steel, Liyel Imoke, has told the Federal Capital Territory High Court in Abuja that the Federal Executive Council (FEC) did not approve a memo…
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No Regrets Removing Petrol Subsidy, I Won’t Reverse Decision – Tinubu
President Bola Ahmed TinubuPresident Bola Ahmed Tinubu has defended his administration’s decision to remove petrol subsidy, declaring that Nigeria will not return to the policy despite growing calls from opposition politicians for its…
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Oyedele: Fuel taxes will be introduced after reforms, economic recovery
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has revealed that the Federal Government will introduce fuel taxes after ongoing economic reforms are completed, the economy stabilises and Nigerians’…
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Two private CNG refueling, conversion stations inaugurated in Kano
Executive Chairman of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV), Mr Ismaeel Ahmed commissioning the new CNG facilityThe ancient city of Kano on Sunday got additional Compressed…
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2027 Election: Ireti Kingibe Raises Alarm Over Nigeria’s 25% Tax Rate
According to Punch Newspapers on Monday, October 19, 2026, Senator Ireti Kingibe has raised concerns over Nigeria’s tax reforms, warning that citizens could face increased financial pressure in 2027 under President Bola Tinubu’s…
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NCDMB, Dangote, Push for Sustainable Nigerian Content
... Call Industry to Go Beyond ComplianceThe Nigerian Content Development and Monitoring Board (NCDMB) and the Dangote Group have urged a decisive transition from mere regulatory compliance to a stronger national commitment…
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NNPC Activates Emergency Response To Eleme Pipeline Incident
The Nigerian National Petroleum Company Limited (NNPC) Limited confirms that an explosion occurred on Thursday, 15 October 2026, on a gas pipeline belonging to its subsidiary, NNPC Gas Infrastructure Company Limited (NGIC), in Aleto…
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