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No Immediate Fuel Surcharge Plan – FG Clarifies

10.09.2025
The Federal Government has provided clarity on the controversial five per cent fuel surcharge included in the recently signed Nigerian Tax Administration Act 2025, reassuring the public that it is not a new tax and will not be automatically implemented in 2026. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, addressed journalists...
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Tanker Strike Won’t Cause Fuel Shortage

10.09.2025
A spokesman for Nigeria’s Dangote refinery said Tuesday that the country would not see a petrol shortage despite an ongoing strike by a union representing fuel tanker drivers. The strike, which began Monday and has since drawn support from other unions in Nigeria and abroad, comes as the refinery, the largest in Africa, is hiring...
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NUPENG Suspends Strike After Dangote Refinery Agreement

10.09.2025
The Nigerian Union of Petroleum and Natural Gas Workers has suspended its two-day strike following a meeting with the Dangote Group on Tuesday. The National President of NUPENG, Williams Akporeha, confirmed this to our correspondent. According to him, the Dangote refinery team led by Sayyu Dantata, agreed to unionise its drivers. He said the meeting...
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Global Stocks Rise as Dollar Weakens

10.09.2025
Global stock markets gained on Monday as the U.S. dollar weakened broadly, even as it strengthened against the Japanese yen, with investors responding to political uncertainty in several countries, according to Reuters. In Argentina, a heavy election defeat for President Javier Milei’s ruling party in Buenos Aires province sent the peso to a record low,...
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Tinubu’s Economic Strategy: FX Reforms, Infrastructure, and

10.09.2025
The Director-General of the Budget Office, Tanimu Yakubu, has said that the economic strategy of President Bola Tinubu’s administration is hinged on foreign exchange reforms, large-scale infrastructure investment, and energy. Yakubu said this in his piece titled, ‘From Fragility to Foundations: Inside PBAT’s Political Economy’. Yakubu explained that floating the naira and settling outstanding FX...
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Buhari Threatened to Fire Me Over Fuel Subsidy Removal

10.09.2025
Former Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday, revealed that former Nigerian President, the late Muhammadu Buhari, threatened to sack him should his (Kachikwu) push to remove the petrol subsidy during Buhari’s tenure go wrong. Kachikwu was the Minister of State for Petroleum Resources from 2016 to 2019. He spoke at...
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Nigerian Stock Market Gains N263bn, PZ, University Press Lea

10.09.2025
The Nigerian Exchange resumed the new trading week on a positive note, gaining N263bn in market capitalisation as investors took positions in consumer goods and insurance stocks, particularly PZ Cussons Nigeria and University Press Plc. At the close of transactions on Monday, the market capitalisation of listed equities rose to N88.2tn from N87.9tn recorded in...
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Nigeria’s 5% Fuel Surcharge: Not a Burden, Says FG

10.09.2025
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said the proposed fuel surcharge is intended to generate a dedicated fund for Nigeria’s deteriorating roads, not to add extra strain on households. Oyedele acknowledged public worries that recent tax reforms could worsen inflation but argued that improved road infrastructure is...
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UBA Extends Rights Issue Deadline to Sept. 19, 2025

10.09.2025
United Bank for Africa Plc has announced the extension of the acceptance period for its ongoing rights issue by two weeks, moving the deadline from September 5 to September 19, 2025. The lender, in a notice to the Nigerian Exchange Limited and the investing public, said the extension followed approval from the Securities and Exchange...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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