In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600…
The Minister of Finance, Budget and Economic Planning, Mrs. Zainab Ahmed, has recently in Abuja said that the Federal Government is still in consultation with various stakeholders on the need to end fuel subsidy. Mrs. Ahmed said this during an interaction with the Senate President, Mr. Ahmed Lawan, Honourable Minister of State Petroleum, Timipriye Sylva,…
Hopes of Nigerians smiling anytime soon may have been dashed if information recently released by the National Bureau of Statistics, NBS, is anything to go by. The NBS on Monday released the Consumer Price Index which measures inflation. According to the graph released by the agency, the country’s inflation rate has risen from 15.6 per…