Workers’ Day: Nigerians Buy Petrol At N1440 Per Litre As NNPCL, Others Increase Fuel Price
Fuel prices have risen dramatically throughout Nigeria, with many fuel stations now selling petrol for N1,364 to N1,444 per liter, highlighting the increasing influence of surging global crude oil prices on the local market. Egalitarian Voice findings on Thursday evening revealed that key marketers like the Nigerian National Petroleum Company Limited (NNPCL), MRS, BOVAS, Ardova (AP), […]
Nigeria’s petrol, diesel are subsidised – Dangote official
A senior management official of the Dangote Group on Monday revealed that the Dangote Petroleum Refinery has been subsidising the petrol and diesel it sells to the Nigerian market. According to the official, who spoke to our correspondent in confidence due to the lack of authorisation to speak, the company’s N1,200/litre ex-depot price for petrol […]
Nigeria Named Among Top 10 Countries Facing Worst Global Food Crisis
Nigeria has been named among the top 10 countries grappling with the most severe Nigeria food crisis levels globally, as a new report highlights how regional violence is fueling a deepening global food insecurity emergency. The latest international data, released this Friday, reveals that 266 million people across 47 nations endured high levels of […]
FG increases civil servants’ allowances
The Federal Government has approved sweeping increases in peculiar allowances and a suite of new welfare initiatives for civil servants. The reforms, endorsed by the Federal Executive Council, aim to improve take-home pay, enhance morale, and strengthen productivity across the federal civil service. Head of the Civil Service of the Federation, Mrs. Didi Walson-Jack, announced […]
Will Fuel Subsidy Return? FG Breaks Silence as Middle East Crisis Deepens
Will Fuel Subsidy Return? FG Breaks Silence as Middle East Crisis Deepens The Federal Government has ruled out any plan to reintroduce fuel subsidy despite the recent spike in petrol prices linked to the ongoing Middle East conflict. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known on Tuesday during a […]
MIXED REACTIONS TRAIL NIGERIA’S 2026 TARIFF CUTS ON DRUGS, RICE, CARS
The Federal Government’s new 2026 fiscal policy reducing import tariffs on drugs, rice, and vehicles has drawn mixed reactions from key sectors. Pharmaceutical stakeholders welcomed the move, saying lower tariffs could improve access to essential medicines. However, they warned that poor regulation, counterfeit drugs, and weak support for local manufacturing could limit the benefits. […]
Why petrol price may hit N2,000 per litre — TUC
The Trade Union Congress of Nigeria (TUC) has warned that the pump price of Premium Motor Spirit (PMS) could rise to about N2,000 per litre, citing global and domestic economic pressures. Speaking in Abuja on Thursday, TUC President, Festus Osifo, attributed the looming increase to the ongoing crisis in the Middle East, particularly tensions involving […]
Breaking: FG Moves to Slash Rice, Vehicle and Steel Prices Nationwide
The Federal Government has approved the implementation of the 2026 Fiscal Policy Measures (FPM), introducing major adjustments to import tariffs across several sectors…. CONTINUE READING. According to a circular dated April 1, 2026 and signed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Import Adjustment Tax (IAT) on selected […]
What You Must Know As CBN Tightens BVN Rules From May 1
As the Central Bank of Nigeria (CBN) is set to roll out a new set of Bank Verification Number (BVN) guidelines from May 1, 2026, there are key rules every account holder must have knowledge of before the deadline. The framework introduces tighter controls on phone number changes, device usage, and transaction limits. The move […]
33 Banks raise N4.65trn as CBN closes recapitalisation
The Central Bank of Nigeria, CBN, has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024. This is disclosed in a statement issued on Wednesday in Abuja, jointly signed by Dr Olubukola Akinwunmi, Director, Banking Supervision and Mrs Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the CBN. New CBN […]