Updated: NEC suspends subsidy removal

The National Economic Council, NEC, on Thursday, suspended the planned removal of subsidy on petroleum products by the end of President Muhammadu Buhari’s administration. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed disclosed this while briefing State House correspondents at the end of the NEC meeting presided over by Vice President Yemi…

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Allegation of missing 48 barrels of crude oil worth $2.4bn baseless, unfounded – Malami

…absolves justice ministry of involvement in management of assets recoveries …gives details of recoveries from Abacha, Alamieyesigha, Ibori, others …says matter subjudiced, directs further enquiries to finance ministry, accountant general …says Whistle Blowers on the run Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami (SAN), Thursday described as baseless and unfounded…

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BREAKING: FG suspends fuel subsidy removal

The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents shortly after the valedictory Council meeting presided over by Vice President Yemi Osinbajo…

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UN: Cash scarcity crippled Nigeria’s economy

The shortage of the naira in recent times crippled the Nigerian economy, the United Nations has disclosed. It stated that the informal sector felt the brunt of the scarcity the most. It noted that the continuing decline of oil production is set to impact the country’s finances in 2023. The UN disclosed this in its…

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