Found 151 results for “cost”
The contrasting approaches of President Tinubu's petrol discount initiative and Atiku Abubakar's support for domestic refineries highlight differing strategies in addressing Nigeria's fuel pricing challenges. This analysis explores the implications of each plan and their potential impact on consumers and the economy.
Oyo State Governor Seyi Makinde has announced plans for a four-year transitional government of national unity should he win the presidency in 2027. He also urged the federal government to disclose its petroleum pricing formula to enhance transparency for Nigerians.
The Nigeria League Organization (NLO) has mandated all affiliated clubs to refrain from engaging in any private leagues that lack official recognition from the Nigeria Football Federation (NFF). This directive aims to uphold the integrity of the sport and protect the interests of players and clubs alike.
Zenith Bank has disclosed a 19% drop in its half-year profit, attributed to a decline in revenue, yet has maintained an interim dividend of N1.5 per share, up from N1.25 last year. This financial performance highlights ongoing challenges within the banking sector amidst a fluctuating economic landscape.
President Bola Tinubu's decision to eliminate petrol subsidies has become a defining moment of his administration, showcasing both courage and the challenges of governance in Nigeria. As the implications of this bold move unfold, the struggle for millions of Nigerians raises questions about the sustainability of his policies.
The recent abduction of prospective corps members in Imo State raises alarming questions about the safety of Nigerians and the implications for the APC as it heads towards the 2027 elections. With security concerns intertwining with economic and governance issues, President Bola Tinubu's administration must confront this vulnerability head-on.
Former Vice President Atiku Abubakar has urged President Bola Tinubu to resign, citing ongoing economic hardships faced by Nigerians. He argues that a temporary petrol discount fails to address the deeper issues plaguing the nation's economy.
In a continued effort to support its public servants, Ogun State has allocated a total of ₦987 million over nine months, with the latest provision of ₦327 million covering the final quarter of 2026. This initiative aims to ease the financial burden on state employees amidst economic challenges.
The Finance Minister has clarified that the recent discount on petrol prices by NNPC Retail is not a government-funded subsidy, but rather a reduction derived from the company's profit margin. This statement aims to clarify misconceptions surrounding the pricing strategy amidst ongoing debates about fuel affordability in Nigeria.
The Nigerian National Petroleum Corporation (NNPC) is set to sell petrol at landing cost to mitigate the recent volatility in global oil prices. This announcement has sparked discussions about the implications for fuel subsidies in Nigeria.
In response to escalating global crude oil prices, the Federal Government is negotiating a ceiling of ₦1,350 per litre for petrol to mitigate price fluctuations. This move aims to address the pressing concerns of affordability for Nigerians amidst ongoing oil market volatility.
During the 2026 Pensioners’ Day celebration in Abeokuta, Ogun State, retirees urged Governor Dapo Abiodun to address outstanding gratuities and enhance pension payments. The Nigeria Union of Pensioners emphasized the urgent need for financial relief to support long-serving retirees amid rising living costs.
The Federal Government has dismissed calls to reinstate fuel subsidies, citing staggering costs that could exceed N20 trillion each year. Officials warn that such a move could lead to extreme fluctuations in the exchange rate and petrol prices.
In a surprising move, Moove has decided to exit the Nigerian market, transferring ownership of vehicles valued at over N35 billion to its customers at no cost. The decision comes as a gesture of gratitude for the support received from its clientele during its operations in the country.
Presidential candidate Donald Duke pledges to slash petrol prices to ₦300 per litre by prioritizing domestic crude allocation, presenting a stark alternative to the current subsidy-free policy under President Tinubu. This bold promise sets the stage for a competitive election season among 2027 contenders.
