The founder and chairman of Heirs Energies, Mr Tony Elumelu has asked the Nigerian government and security agents to disclose those behind oil theft in the country. Elumelu spoke in an interview published by the Financial Times (FT) on Friday. Elumelu said oil theft contributed to the divestment of international oil companies in Nigeria. “Who…
Nigeria pays $600 million each month on fuel imports, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed. According to him, the expenditure is partly because neighbouring countries, extending to Central Africa, are benefiting from these fuel imports. Speaking during an interview on AIT’s ‘Moneyline with Nancy’, which was shared on…
The Minister of Agriculture and Food Security Abubakar Kyari says the country is expecting a bumper harvest before year-end. Food inflation has reached 40 per cent according to data from the National Bureau of Statistics (NBS), pushing the prices of essential commodities beyond the reach of millions of Nigerians. But Kyari said the Federal Government…
Some perishable food prices have crashed by about 50 per cent amid the ongoing nationwide protest in Lagos State. The #EndBadGovernanceinNigeria protest which commenced on Thursday, August 1, 2024, is scheduled to end on August 10. It is aimed at calling the Federal Government’s attention to the economic hardship facing Nigerians. Some traders and buyers…