Economy

Tinubu orders direct remittance of oil revenues, blocks NNPC deductions

President Bola Tinubu has suspended the collection of management and frontier exploration fees by the Nigerian National Petroleum Company Limited (NNPC) as part of...

Labour Party hails Otti as its pride in birthday message 

The Labour Party has hailed Abia State Governor Alex Otti as its “pride,” citing his 2023 electoral victory and his commitment to exemplary leadership. In...

Gencos dismiss NLC’s ‘institutionalised extortion’ claims 

Power generation companies in Nigeria have dismissed allegations by the Nigeria Labour Congress that electricity firms were engaged in “institutionalised extortion,” describing the claims...

Upstream firms must remit 1% NCDF levy: NCDMB 

The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated that the remittance of the one per cent Nigerian Content Development Fund (NCDF) levy...

Dangote sees Naira surging to ₦1,100 this year

Aliko Dangote, Chairman of the Dangote Group, has predicted a significant strengthening of the naira, saying the currency could reach ₦1,100 to a dollar...

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