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Economy

Marketers May Sell Kerosene At N200 Per Litre Over Subsidy Removal

Following the removal of subsidy on household kerosene, there are growing fears that marketers will sell the scarce commodity as high as N250 per...

No Subsidy Was Paid In January – FG

Minister of State for Petroleum/Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Ibe. Kachikwu, yesterday said the Federal Government did not...

Low Oil Prices: Buhari Requests $3.5 Billion Emergency Loan From World Bank

Nigerian President Muhammadu Buhari has requested $3.5 billion in emergency loans amid continuing low oil prices, the Financial Times reported Sunday. The oil exporter...

Buhari Takes On Role Of Governor To Detriment Of Central Bank – Bloomberg

Nigeria’s President Muhammadu Buhari erased any doubt about who is in charge of currency policy in Africa’s biggest economy -- to the detriment of...

#SoundOff: How The Greed And Arrogance Of Amaechi-Led Governors Landed Us In Disaster [LOOK]

by Ifechelobi Meks In January, 2013, Nigeria's Excess Crude Account has $10 billion in it. Then, Governor Rotimi Amaechi led Nigerian governors under the umbrella of...

What Increasing Tax Would Really Do, By Pat Utomi

It start with south sound crude Oil prices. But it should have started much earlier. Public Authorities in Nigeria seem to have rediscovered the...

Buhari Insists Nigeria Will Not Devalue The Naira

President Muhammadu Buhari has stated their further devaluation of Naira would kill the currency, insisting that it was one decision he was not ready...

NLC Reveals Plans To Ground Imo Over Sacked 3,000 Civil Servants

Nigeria Labour Congress, NLC, has unfolded strategies to force Imo State Government to recall more than 3,000 sacked workers and pay the backlog of...

ICC Petition: Okonjo-Iweala’s Response Is Baseless, Laughable – Falana

Legal Icon, Mr. Femi Falana, has described as baseless and laughable, the response of former Minister of Finance and Co-ordinator of the Economy, Dr. Ngozi...

It Gets Worse: Naira Crashes Further, Now N303 per Dollar

The Naira depreciated against the dollar by N4 in the parallel market, yesterday, in response to intense scarcity of dollar in the market. Vanguard survey...

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