Obasanjo Slams Tinubu’s Economic Reforms, Says Naira Devaluation Deepened Hardship
Former President Olusegun Obasanjo has criticised President Bola Tinubu’s economic reforms, arguing that the sharp depreciation of the naira and the removal of the petrol subsidy have worsened the financial hardship facing Nigerians. Obasanjo made the…
NNPC Petrol Discount Is Not Fuel Subsidy, Taiwo Oyedele Clarifies
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has clarified that the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail does not amount to a return of the fuel subsidy regime…
Atiku, NDC Fault Tinubu’s 30-Day Petrol Discount, Demand Lasting Relief
Former Vice President Atiku Abubakar and the Nigeria Democratic Congress (NDC) have criticised the Federal Government’s proposed 30-day petrol discount at Nigerian National Petroleum Company Limited (NNPC) filling stations, questioning whether the…
CORAN Backs Crude Forward Sales, Questions N1,350 Petrol Price Ceiling
The Crude Oil Refiners Association of Nigeria (CORAN) has backed the Federal Government’s plan to sell crude oil to domestic refineries through forward contracts but raised concerns over the proposed N1,350-per-litre petrol price ceiling, demanding…
Petrol Price Rises Again as MRS, Ranoil, AA Rano Increase Rates in Abuja
Dangote Refinery-backed MRS Oil Nigeria and other filling stations have increased their petrol pump prices in Abuja and its environs, reversing the recent downward trend in fuel prices. A market survey by DAILY POST on Sunday showed that MRS filling…
ADC Spokesman Questions Taiwo Oyedele’s Educational Background for Managing Nigeria’s Economy
The African Democratic Congress (ADC) National Publicity Secretary, Bolaji Abdullahi, has questioned whether Finance Minister Taiwo Oyedele has the appropriate educational background to oversee Nigeria’s economic policies, particularly the Federal…
NNPCL Increases Petrol Price to N1,405 Per Litre Despite Fuel Discount Announcement
The Nigerian National Petroleum Company Limited (NNPCL) has increased its premium motor spirit (PMS) pump price to N1,405 per litre from N1,370, representing a N35 increase per litre. Checks by DAILY POST on Friday showed that the new price had been…
Oyedele Rules Out Return to Fuel Subsidy, Multiple Exchange Rates Ahead of 2027 Elections
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has ruled out a return to fuel subsidies and multiple foreign exchange rates, insisting that the Federal Government will maintain its current economic reform policies…
