Economy

The background scenario leading to fuel subsidy taking a centre stage in our developmental dialogue in recent times is anchored on a plethora of facts. Four government-owned refineries that function at less than 10 per […]

PRESIDENT  Muhammadu Buhari owes us apologies for the latest hike from N86.50k to N145 of the official pump price for Premium Motor Spirit (PMS) announced on Thursday last week by his Deputy Minister of Petroleum, […]

In the wake of deregulation of petrol prices under Obasanjo in 2004, and the unfolding anxiety of Labour and the Nigerian public on the adverse impact of rising fuel prices, this column published two articles […]

AT the launch of the first Lagos State Micro, Small and Medium Enterprises (MSMEs) Fair, Lagos State Governor, Mr. Akinwunmi Ambode affirmed that the best way to revive the national economy was to evolve a […]

Waste management in all societies is as important as any other aspect of management because waste hazards can be devastating if defectively managed, chiefly in the thickly populated urban areas. Sad enough, most metropolis in […]

At least 75 ships with two and a half million tonnes of fuel are awaiting importers on the high seas as Nigerians can’t find the dollars they need to pay for the cargoes, according to […]

MOVES to avert a massive workers’ strike over the fuel price increase – from N86.50kobo to N145 – began at the weekend. Labour unions are planning to go on strike as from Wednesday to force […]

The Federal Government has invited the leadership of organised labour to a meeting in the Office of the Secretary to the Government of the Federation on Monday to discuss the increase of fuel pump price […]

Britain wouldn’t be hurt “at all” in terms of trade negotiations with the United States if it exited the European Union, Donald Trump says. “I don’t think they’ll be hurt at all. I mean, they’ll […]

Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising OPEC output and a stronger dollar capped gains. International […]

Nigerians have started stockpiling food ahead of the ultimatum issued by the Nigeria Labour Congress and the coalition of the civil society organisations that petrol price be reverted to N86.50 or all workers would embark […]

LAGOS — NATIONAL leader of the All Progressives Congress, APC, Bola tinuubu, has appealed to Nigerians to take the difficulties that might arise as a result of the new pump price of fuel as a […]

Yesterday’s anti-corruption summit in London agreed to a plan to speed up international efforts on asset recovery. The Global Forum for Asset Recovery will bring together governments and law enforcement agencies to discuss returning assets […]

POWER outage is not strange in this land. It is something we have become used to. We are only surprised when light is stable. We keep on wondering what is happening, expecting the light to […]

Yesterday, the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, on behalf of the Federal Government, made an announcement that is of great national import. It was equal in rank to a national […]

Fuel price yesterday took a major leap, rising from N86 per litre to N145 per litre. With the new price, advocates of deregulation – the government’s antidote to perennial scarcity of petrol – have carried […]

With the declaration of force majeure on Bonny Light exports by Shell Petroleum Development Company of Nigeria Limited, about 400,000 barrels per day of Nigeria’s production has now been shut in. Force majeure is a […]

It is heartwarming that after protracted controversies on the 2016 Federal Government budget which was presented to the National Assembly on December 22, 2015 and passed by the National Assembly on March 23, 2016, President […]