Moscow mocks EU after total ban on Russian gas
Russia has mocked the European Union following its decision to impose a total ban on Russian gas imports, describing the move as a loss of Europe’s independence. Russian Foreign Ministry spokeswoman, Maria Zakharova, said the decision showed that the EU had surrendered its freedom, insisting that European leaders were now acting under external pressure rather […]
Poor maintenance culture crippling Nigeria’s refineries — IDC President, Shadiya
The President of the Independent Downstream Committee (IDC), Shadiya, has blamed Nigeria’s struggling refineries on poor maintenance culture over the years. According to her, the country’s refineries were not properly serviced and upgraded, leading to frequent breakdowns and long periods of inactivity. Shadiya explained that regular maintenance is critical for refinery performance, but this was […]
15 per cent import duty on fuel: Coalitions reject Tinubu govt’s suspension of tariffs
Several coalitions and industry stakeholders have criticized the federal government’s decision to suspend the 15 percent import duty on fuel, arguing that it undermines local production and revenue generation. The move, announced by the Tinubu administration, was intended to reduce pump prices, but many groups say it sends the wrong signal to investors. The coalitions […]
Nigerian govt suspends implementation of 15% petrol import duty
The Nigerian government has announced the suspension of the planned 15% petrol import duty, following concerns over its potential impact on fuel prices and the economy. The decision comes after widespread criticism from stakeholders in the oil and energy sectors, as well as from the general public, who feared the levy would lead to higher […]
Nigerian petrol retailers, PETROAN, back Tinubu’s 15 percent import duty on petrol
The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has expressed full support for President Bola Ahmed Tinubu’s decision to impose a 15 percent import duty on petrol. The association stated that the policy would help strengthen Nigeria’s petroleum sector and boost government revenue. PETROAN noted that although the policy may come with challenges, it […]
Buy Nigerian crude to undercut Russia’s war chest – Financial expert urges EU, US
A Nigerian financial expert, Kalu Aja, has called on Western nations, particularly the European Union (EU) and the United States (US), to consider purchasing Nigerian crude oil as a strategic measure to weaken Russia’s financial ability to sustain its war in Ukraine. In a post shared on X (formerly Twitter) on Thursday, Aja argued that […]
Nigerian govt to earn N796bn yearly from 5% petrol surcharge
The Nigerian government is projected to make about N796 billion each year through a new 5% surcharge on both locally made and imported petrol. This tax will become active starting January 1, 2026, following the introduction of new tax laws. President Bola Tinubu approved four new tax laws on June 26, 2025. One of these […]
I’ll make America’s showers great again – Trump launches war against water pressure
Former U.S. President Donald Trump has announced plans to change federal rules that limit water pressure in home showers. He says he wants to “make America’s showers great again” by allowing more water to flow from showerheads. The current rules were created during Barack Obama’s time as president and supported by Joe Biden. These rules […]
Bribery allegations, defections, other issues that shaped Reps in 2024
The year 2024 was eventful for Nigeria’s House of Representatives, filled with controversies, critical decisions, and political shifts. This blog highlights the most significant events that defined the legislative year. In May, the House faced a major scandal involving the cryptocurrency exchange Binance. CEO Richard Teng claimed that after meeting with the House Committee on […]
NERC Approves 450MW Deal to Prevent Zungeru Hydropower Plant Shutdown
The Nigerian Electricity Regulatory Commission (NERC) has approved an interim deal to buy 450 megawatts of electricity from the Zungeru Hydro Electricity Generation Company Limited. This decision aims to prevent the shutdown of the newly completed Zungeru hydropower plant, which has a total capacity of 650 megawatts. The notice order, NERC/2024/044, was signed by Musiliu […]