‘It’s regressive’ – IMF warns Nigeria against restoring petrol subsidy
The International Monetary Fund (IMF) has advised Nigeria against restoring broad petrol subsidies, recommending targeted financial assistance and social protection programmes to cushion vulnerable households against rising energy costs. The fund said blanket fuel subsidies were fiscally expensive, disproportionately benefited higher-income consumers and could worsen pressure on public finances amid rising borrowing costs. Rodrigo Valdés, […]
Why Vatsa, 9 other coup plotters were summarily executed —IBB
… I had to choose between saving a friend’s life and the nation’s future – IBB says in his bookAdds: ‘Orka’s coup hit me as a rude surprise’ By Soni Daniel, Northern Region Editor Former military president Ibrahim Babangida has justified why his boyhood friend and classmate, Mamman Jiya Vatsa, and nine other top military […]
None of the 31 proposals to create new states met requirements – Deputy Speaker
“Although we received 31 requests for state creation, none of the requests met the requirements. Thus, we have since extended the submission to the 5th of March 2025”, Kalu said.
JUNE 12: I feared Abiola’s assassination could lead to civil war — IBB
“While I accept that the unfortunate denial of his mandate amounted to a subversion of the will of the Nigerian people, I was petrified that if Abiola got killed, it could lead to a civil war.
Fiscal Autonomy: Why CBN hasn’t released funds to 774 LGAs — FG
The Federal Government explained on Wednesday why, despite the Supreme Court’s order, the Central Bank of Nigeria, CBN, has not commenced the direct release of funds to the country’s 774 Local Government Areas, LGAs.
NNPC debunks allegations of 200m litres of PMS import in February 2025
Nigerian National Petroleum Company (NNPC) Limited has categorically denied recent claims that it imported over 200 million litres of Premium Motor Spirit (PMS) in February 2025.
