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Economy

Fuel Is Not Scarce – NNPC Warns Against Panick Buying

The Nigerian National Petroleum Corporation (NNPC), Tuesday, called on Nigerians to desist from panic buying of Premium Motor Spirit (PMS), also known as fuel,...

Oil Prices Will Keep Falling Until 2017 – OPEC

Hope of seeing a rebound of oil price from its current low level may not materialise soon, as the Organisation of the Petroleum Exporting...

EXPOSED: Buhari To Replace Kachikwu As GMD Of NNPC With Northerner (DETAILS)

With the ministerial nomination of current managing director for the Nigerian National Petroleum Corporation (NNPC), Ibe Kachikwu, indications have emerged as to why President...

Buhari Says He Won’t Be Petroleum Minister Anymore But…

Emerging reports have revealed that President Muhammadu Buhari will not occupy the office of Petroleum Minister as he told newsmen on his September trip...

It Gets Worse: NNPC Announces N378 Billion Loss

The Nigerian National Petroleum Corporation, NNPC, has announced a loss of N378.49 billion in its operations for the first eight months of the year. One...

Nigeria’s GDP Growth Rate Will Drop To 4% – IMF

The International Monetary Fund (IMF) has forecast a four per cent growth rate for Nigeria’s Gross Domestic Product (GDP) in 2015, as the country...

1,100 Megawatts Lost: Nigeria’s Biggest Power Plant Shuts Down Operations

NAN - Egbin Power Plant in Ikorodu, Lagos State, the biggest generating power station in Nigeria, has shut operations, leading to a drop from...

U-Turn: Buhari To Exempt Security Agencies From Treasury Single Account

The Accountant General of the Federation (AGF), Alhaji Ahmed Idris on Thursday said that the Federal Government would accord special attention to security including...

Electricity Bills Will Be Increased Soon – Buhari

President Muhammadu Buhari has said that his government would only raise electricity tariffs when stability is achieved in the power sector. He stated that...

Victory For Rice Mafia: Buhari Lifts Ban On Rice Importation

In what industry experts have called a complete policy somersault and victory for the Rice Mafia, the Comptroller-general of Customs, Col. Hameed Ali (retd),...

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