Abuja, Nigeria — The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Tertiary Education Trust Fund (TETFund) have reinforced their commitment to improving tax compliance, transparency, and data accessibility to enhance funding for Nigeria’s education sector. During a courtesy visit by TETFund’s management to NEITI House in Abuja, Executive Secretaries Dr. Orji Ogbonnaya Orji (NEITI)…
Nigeria’s imported food inflation has reached an alarming 42.29% as of November 2024, according to the latest Consumer Price Index report from the National Bureau of Statistics. This marks a significant jump from the 23.74% recorded in November 2023, reflecting an 18.55 percentage point year-on-year increase. On a month-on-month basis, the inflation rate…
President Bola Tinubu has arrived in Riyadh, Saudi Arabia, to attend the highly anticipated Joint Arab-Islamic Summit, where leaders from across the Middle East and the Islamic world will convene to address urgent issues is affecting the region, including the ongoing conflict between Israel and Palestine. The summit, which will open on Monday, November 11,…
A high-level delegation from Burundi has arrived in Nigeria, seeking to strengthen business ties and attract Nigerian investments to Burundi. Led by Ambassador Liberat Mfumukeko, Senior Advisor on Missions of the Presidency of Burundi, the delegation engaged with the Nigerian business community in Abuja, extending an invitation for investments in various sectors. Ambassador Mfumukeko highlighted…
The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery are currently at odds over the pricing of Premium Motor Spirit (PMS), commonly known as petrol, produced by the refinery. NNPCL had claimed that the refinery was selling petrol at ₦898 per litre, but Dangote Refinery has refuted this, stating that a final price has…
The Nigerian National Petroleum Corporation (NNPC) has signed a Project Development Agreement (PDA) with Golar LNG for the deployment of a floating Liquefied Natural Gas (LNG) facility offshore in the Niger Delta, Nigeria. This initiative aligns with NNPC’s commitment to monetize Nigeria’s extensive natural gas resources. In a statement, Olufemi Soneye, Chief Corporate Communications Officer…
The Nigerian National Petroleum Company (NNPCL) has revealed to the Senate Committee on Appropriations that there are approximately 4,800 illegal connections to oil pipelines across the country. This information was disclosed by Mele Kyari, the Group Chief Executive Officer of NNPCL, during an interaction with members of the committee on the budget for 2024. The…
