Fuel Subsidy Encouraged Arbitrage, Smugglers Were Earning N17m Per Truck, Says NNPC Boss Kyari
NNPC GCEO Kyari, defending fuel subsidy removal, revealed that smugglers profited N17 million per truck under Nigeria’s fuel subsidy regime.
NNPC GCEO Kyari, defending fuel subsidy removal, revealed that smugglers profited N17 million per truck under Nigeria’s fuel subsidy regime.
Nigeria’s national electricity grid has collapsed again, causing widespread outages, with limited power restored to AEDC and BEDC.
The World Bank has urged Nigeria to sustain economic reforms for 10 to 15 years to achieve long-term growth and transformation.
President Tinubu has urged stronger collaboration between government, private sector and international partners to boost Nigeria’s economy.
Aviation Minister Keyamo has announced concessions for five major airports, with IATA offering advisory support for Nigeria’s aviation
EKEDC has reported a major outage due to system collapse, assuring rest
Kogi State is seeking urgent federal and international aid as floods displace nearly two million people, submerging 200 communities.
The WFP has called for collaboration between public and private sectors to address the root causes of hunger in Nigeria.
The Nigerian government has pledged resources to NAF for operational efficiency, particularly in countering security threats in Northwest.
Oil marketers have confirmed that NNPC has started refunding the N15bn owed to them for petrol supply payments.
Nigeria’s external debt is projected to reach $50 billion, fueled by new loans from the World Bank and multilateral agencies.
Former President Obasanjo says Nigeria is not a “basket case,” emphasising the nation’s potential and available resources for greatness.
The Presidency has stated that votes recorded for Nigeria in the UN elections were cast in error, dismissing Snub claims
Deputy oil minister Lokpobiri has commended the FPSO project, emphasising its role in boosting local capacity and crude oil output.
Foreign Minister Tuggar has urged Nigerians to remain hopeful, assuring that President Tinubu’s economic reforms will eventually ease the hardship.
Sunny Iroche has called for increased investment in education, citing inadequate per capita expenditure of $23.
The NDLEA has intercepted heroin valued at N3.2bn from Nigerian returnee at Lagos Airport, also seized opioids worth N22.7bn
Air Peace insists CEO Allen Onyema will be cleared of money laundering charges filed against him by the US.
VP Shettima has emphasised the urgent need to reinforce traditional family structures as a solution to Nigeria’s pressing social challenges.
Olu of Warri has urged African countries to unite, overcome historical injustices, and harness natural resources for economic growth.
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