Geopolitical developments in Venezuela and the prospect of a major rattle in global oil supply dynamics could exert downward pressure on crude prices and ultimately stress-test the Federal Government’s N58.18 trillion 2026 spending plan. The crisis, which has triggered a review of projections across key markets and put enormous pressure on the crude market, is […]
Despite its transition into a commercial entity, the Nigerian National Petroleum Company Limited is grappling with mounting financial pressure as unviable and underperforming subsidiaries deepen inter-company indebtedness, pushing outstanding obligations owed to the company to N30.30tn. Latest findings from NNPC’s 2024 audited financial statements showed that debts owed by subsidiaries, joint ventures, and other related […]
The Federal Government has inaugurated Nigeria’s Third National Action Plan (NAP III) on the implementation of the United Nations Security Council Resolution(UNSCR)1325 on Women, Peace and Security, reaffirming Nigeria’s commitment to inclusion, gender equality and sustainable peace. The NAP III UNSCR 1325,2024-2028, inaugurated by the First Lady of the Federal Republic of Nigeria, Sen. Oluremi […]
Former First Lady Aisha Buhari has disclosed that her late husband, former President Muhammadu Buhari, once believed rumours within the Aso Rock that she was plotting to kill him. She said the development disrupted his feeding routine and worsened his health. Aisha Buhari’s account is contained in a newly released biography titled ‘From Soldier to […]
Nigeria’s headline inflation declined to 14.45 per cent in November, outperforming the 15 per cent projection in the 2025 budget. However, both the month-on-month headline inflation rate and food inflation rates experienced a slight upswing in the month, rising by 1.22 per cent, 0.29 per cent higher than the rate recorded in October. This means […]
President Bola Tinubu held a closed-door meeting with the Service Chiefs at the Aso Rock Presidential Villa, Abuja, on Monday evening. The session began around 6:01 pm local time, with the security chiefs arriving at the forecourt before being ushered into the President’s office. This marks Tinubu’s first engagement with the military high command since […]
The President of the Dangote Group, Alhaji Aliko Dangote, on Sunday alleged that the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, paid about $5m for the secondary school education of his four children in Switzerland, calling for a full investigation and public explanation. Dangote said Ahmed must appear before […]
BUA Group has disbursed a total of N30 billion to 510 employees at its 2025 Night of Excellence and Long Service Awards, one of the most significant employee reward initiatives undertaken by a Nigerian private sector company. The ceremony recognised long service, loyalty, and exceptional contribution by employees whose commitment spans from five years to […]
The Northern Elders Forum (NEF) has called for the urgent termination of a recently signed Memorandum of Understanding (MoU) between the Federal Inland Revenue Service (FIRS) and the French tax authority, Direction Générale des Finances Publiques, warning that the agreement threatens Nigeria’s economic sovereignty and national security. In an open letter addressed to the Federal […]
The Dangote Petroleum Refinery has again reduced its petrol gantry price, slashing the ex-depot rate from N828 to N699 per litre. Real-time market data published on Petroleumprice.ng on Friday showed that the refinery implemented another major downward review, cutting the Premium Motor Spirit benchmark price by N129 per litre — a 15.58 per cent reduction. […]
