Nigerians have dumped the Nigerian National Petroleum Company Limited retail outlets over high prices of premium motor spirits. A DAILY POST correspondent who went round major NNPCL retail outlets in Abuja observed low patronage by motorists in the nation’s capital, Abuja. This was also the case for NNPCL retail outlets along Kubwa Expressway and those

Nigeria’s currency, the naira, recorded its highest depreciation against the dollar at the official foreign exchange market on Wednesday as President Bola Ahmed Tinubu marked his second anniversary. Central Bank of Nigeria exchange rate data showed that the naira weakened further to N1,590.74 on Wednesday from N1,583.73 traded on Tuesday. This means that the naira

Host communities in the Niger Delta region have threatened to ground Nigeria’s crude oil production over a prolonged dispute with Nigerian National Petroleum Company Exploration & Production Limited (NEPL) and its partners. Tuduo Christopher, chairman of KEFFES Host Communities Development Trust, made this warning in a statement made available to DAILY POST on Wednesday. He

The Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji on Wednesday urged Nigerian youths to be involved in tax matters to have a clear understanding as it was in their best interest. He spoke at a Town Hall meeting jointly organized by the Office of the Senior Special Assistant to the President on

The Nigerian National Petroleum Company Limited has disowned a financial and poverty alleviation scheme making the round on social media. NNPCL’s spokeperson, Olufemi Soneye made this clarification in a statement released on company’s X on Thursday. The clarification comes amid a purported video titled, ‘NNPCL and Government Back Bayo Ojulari’s Financial Safety Plan” making the

Economist and Chief Executive Officer of Financial Derivative, Bismark Rewane, has said that Nigeria is less than satisfactory in practical terms under the first two years of President Bola Ahmed Tinubu’s administration. Rewane disclosed this in an interview on Channels Television on Thursday. Giving his perspective on how the Nigerian economy has fared under Tinubu in

Mauritania’s Sidi Ould Tah has been elected as the ninth President of the African Development Bank (AfDB). His election was announced on the website of the AfDB on Thursday. Tah, who headed the Arab Bank for Economic Development in Africa (BADEA) for 10 years, secured 72.37 percent of African votes. Tah takes over from Nigeria’s

The naira bounced back, appreciating against the dollar at the official foreign exchange market on Thursday. Central Bank of Nigeria exchange rate data indicated that the naira strengthened to N1586.15 per dollar on Thursday from N1590.74 on Wednesday. This means that the naira recorded a N4.59 gain against the dollar on a day-to-day basis. Meanwhile

The Nigerian National Petroleum Company Limited, NNPCL, has reduced the pump price of premium motor spirit, PMS. DAILY POST correspondent who went round NNPCL filling stations at Kubwa Expressway, Central Business District, and Wuse Zone 4, Abuja, on Saturday gathered that the state-owned oil firm has slashed its petrol price to N895 per litre from