Transparency International Nigeria has blamed President Bola Ahmed Tinubu and his predecessors, Muhammadu Buhari and Olusegun Obasanjo for the years of unaccounted remittances and fraud in the Nigerian National Petroleum Company Limited. TI Nigeria country director, Auwal Rafsanjani made this known in an exclusive interview with DAILY POST on Monday. This comes as the World […]

The National Bureau of Statistics has named Benue, Ekiti, and Kebbi as states with the highest year-on-year food inflation rate in Nigeria. NBS made this known in its April Consumer Price Index released on Thursday. The report showed that Benue has the highest year-on-year rise in food inflation rate with 51.76 percent, followed by Ekiti […]

The World Bank has described the Nigeria’s 2025 Budget key assumptions of 2.1 million barrels per day oil production and $73 per barrel price as ambitious given the current production level of 1.6mbpd and $60pb price at the international market. The Nigerian government, however, disagreed and stated that the assumptions were based on the potentials […]

Petroleum marketers and retailers said Dangote Refinery’s latest premium motor spirit ex-depot price reduction on Monday would lead to a retail price drop across filling stations nationwide. DAILY POST reports that on Monday, the 650,000 barrels per day refinery based in Lekki, Lagos State, offered customers a N10 refund on PMS bought at N835 per […]

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, PMS, also known as petrol to N825 per litre from N835 per litre as competition continues in the domestic market. Recall that last month, the 650,000 barrels per day refinery reduced the gantry price of petrol to N835 per litre from N865 per […]

The Federal Airports Authority of Nigeria, FAAN, has inaugurated a newly built domestic cargo terminal at the General Aviation Terminal, GAT, in Lagos. The project, spearheaded by the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, falls under the purview of the Directorate of Cargo Development and Services, led by Mr Lekan Thomas. It […]

Nigerian National Petroleum Company Limited, NNPCL, has reduced its retail price of Premium Motor Spirit. DAILY POST correspondent observed on Saturday that NNPCL retail outlets along Kubwa Express Way, Zone 4 Abuja, and Gudu, all in the Federal Capital Territory, have adjusted their fuel pump price to N910 per litre from N935. This showed that […]

The Independent Petroleum Marketers Association of Nigeria has explained how the reduction in the price of Premium Motor Spirit pushed the price of liquefied petroleum gas, popularly known as cooking gas, down. This comes as DAILY POST observed that the cost of refilling a 12.5-kilogramme cylinder of cooking gas reduced to N16,250 from N17,500 in […]

The price of 50 kilogrammes of rice has reduced by 27 percent to N58,000 from N80,000 in some remote areas of Nigeria. This is according to S&P Global’s recent report on the commodity. The report said that the West African rice market has slumped to a near two-year low as supplies flood regional markets following […]

Nine Nigerian banks generated a combined interest income of N14.26 trillion in 2024. This is according to an analysis of the audited financial results of the financial institutions. In contrast, the manufacturing sector, referred to as the real sector, laments increasing operational costs amounting to a combined figure of N2.5 trillion in 2024 alone. An […]