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Nigeria losses $2.7bn as oil production falls below 1mb/d
According to the most recent data, Nigeria's oil production fell below one million barrels per day in August, costing the country $2.658 billion.
The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, reported yesterday that daily…
Why Nigeria should end fuel subsidy – Akabueze
By Odinaka Anudu
Ben Akabueze, Director General of the Nigerian Budget Office, believes that the trillions of naira spent on fuel subsidies could be better spent on other creative sectors, particularly education.
Akabueze said on Arise…
FEC approves $352m Air Nigeria’s advisory fees
Obiora Ifoh, Abuja
Hadi Sirika, the Minister of Aviation, stated that the Federal Executive Council approved a sum of $352 million for Air Nigeria's transactional advisory fees for its Consultants.
The federal government has threatened to…
23 Nigerian startups to benefit from Google’s $4 million fund for 60 African businesses
Google on Tuesday announced the selection of 60 eligible startups across Africa with $4 million funding to enable them to scale up their ongoing work.
The programme, called Google Black Founders Fund (BFF) for African startups, is the…
Domestic airlines’ N19bn debt may cripple sector agencies — NCAA
The Nigerian Civil Aviation Authority (NCAA) has warned that agencies in the industry could collapse if domestic airlines do not take a drastic step to offset the huge debts they owe the agencies.
The Authority revealed that debts owed the…
Nigerians hail Dauda Biu, say he’ll transform FRSC
The appointment of Dauda Ali Biu as the Acting Corps Marshal of the Federal Road Safety Commission (FRSC) has been described as placing a round peg in a round hole, considering his vast experience and passion for the job.
Biu, a seasoned…
Discos suffer N543bn revenue loss in 12 months
The latest report by the Nigerian Electricity Regulatory Commission shows that total billing to electricity consumers by the 11 distribution companies stands at N816bn.
The report also shows that out of this amount, only N370bn has been…
Petrol will cost ₦462/litre without subsidy, says NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) says premium motor spirit (PMS) will cost consumers N462 per litre without the Federal Government’s subsidy.
This is according to a statement by the NNPCL Group General Manager, Group…
I’m proud of my imperfections — Amaka, evicted BBNaija housemate
Big Brother Naija season seven housemate Chiamaka Crystal Mbah popularly known on the reality TV show as Amaka, is an ambitious health worker with her sights on the Nigerian entertainment scene. Perhaps one of the most controversial…
Nigeria’s central bank urge FG to jettison fuel subsidy policy
Due to the high cost to the economy, the Central Bank of Nigeria (CBN) has stated that the Federal Government of Nigeria (FGN) should "abandon the current fuel subsidy policy."
Professor Adeola Festus Adenikinju, a member of the CBN's…