Nigeria government
Fuel Price to Rise as Naira-for-Crude Swap Deal Falters
The Nigerian government’s negotiations with the Dangote refinery over the naira-for-crude deal have stalled, sparking fears of a petrol price hikeFuel Price to Rise as Naira-for-Crude Swap Deal Falters in the coming days. The development comes as import costs continue to soar, with the landing cost of Premium Motor Spirit (PMS) increasing by N88 per […]
FG Loses N9.3tn as Revenue-Generating Agencies Fail to Remit
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that revenue-generating agencies in Nigeria owe the federal government a staggering N9.3 trillion in unremitted liabilities. This amount is equivalent to approximately 72% of the federal government’s projected budget deficit of N13 trillion for 2025. The NEITI Executive Secretary, Ogbonnaya Orji, disclosed this information at a […]