•NNPC filling station The Federal Capital Territory (FCT) High Court in Abuja has dismissed a suit seeking to halt and restructure the renewal of Nigeria’s pipeline surveillance contract, ruling that such a move would be contrary to national economic interests. The case, filed by the Registered Trustees of the People’s Well-Being Association, ...
•Tinubu The federal government has granted a waiver on import duties for mass transit buses, electric vehicles, and manufacturing machinery. The development followed President Bola Ahmed Tinubu’s directive to key economic officials to design measures to cushion the impact of the ongoing Middle East crisis on Nigerians, particularly amid rising...
•Tinubu and debts At the backdrop of rising public debt pressure and concerns over the impact on the economy, the federal government (FG) increased its domestic borrowing by N8.1 trillion in the first quarter of 2026 (Q1’26), showing a 7.4 per cent rise from N7.5 trillion in the same period of 2025. This upward trend, […]
Nigeria’s power sector is once again under scrutiny following the federal government’s approval of over N3.3 trillion to clear the accumulated debts under the Presidential Power Sector Financial Reforms Programme. This is even as persistent outages, grid instability and rising tariffs continue to frustrate households and businesses across the ...
•Tinubu and World Bank logo The federal government’s capital spending dropped by N1trillion in 2025 as rising recurrent expenditure squeezed fiscal space, the World Bank has said. The bank disclosed this in its April 2026 Nigeria Development Update titled “Nigeria’s Tomorrow Must Start Today: The Case for Early Childhood Development.” It state...
•Taiwo Oyedele Minister of State for Finance, Taiwo Oyedele, has acknowledged that Nigeria’s new tax reform laws contain errors, assuring that corrective measures are already underway to address the identified issues. Oyedele made the disclosure while speaking during a fireside chat at the 2026 annual conference of the Nigerian Bar Association...
•TUC President Festus Osifo The Trade Union of Nigeria, TUC, yesterday raised the alarm that the price of Premium Motor Spirit may climb to about N2,000 per litre if urgent measures are not taken to cushion the impact of rising global crude prices and the depreciating naira. Consequently, TUC has called on the federal government […]
•Tinubu and World Bank logo Poverty in Nigeria rose to 63 per cent in 2025, despite a slowdown in inflation, indicating the limited impact of recent macroeconomic improvements on household welfare, the World Bank has said. The bank disclosed this in its Nigeria Development Update (April 2026) titled “Nigeria’s Tomorrow Must Start Today: The Ca...
•TUC President, Comrade Festus Osifo The Trade Union Congress (TUC) has urged the federal government to deploy part of the excess revenue generated from higher-than-benchmarked crude oil prices to subsidise crude supplied to local refineries. TUC President, Comrade Festus Osifo gave the advice today, while briefing the media on State of the Na...
The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, reversing its earlier increase amid a sharp drop in global crude oil prices triggered by geopolitical developments. The latest adjustment represents a N75 reduction from the previous price of about N1,275 pe...

