17.06.2026

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Economy

TUC Ultimatum: Withdraw 5% Petroleum Tax or Face Nationwide Strike

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The Trade Union Congress has rejected the Federal Government’s planned 5% tax on petroleum products, warning it will cripple businesses and push millions deeper into poverty. TUC gave the government an ultimatum: withdraw the policy or face a nationwide strike that could paralyse the economy...

Fuel Crisis Looms as NUPENG vs Dangote Standoff Escalates

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Nigeria faces a looming fuel crisis as NUPENG begins shutdowns, clashing with Dangote Refinery over distribution reforms. Petrol stations in Sokoto have already been closed, while the refinery denies reports of a shutdown and rival transporters back its new scheme. The federal government has rushed to mediate, but uncertainty grips commuters and businesses....

APC, Opposition Clash Over Tinubu’s Claim on Revenue Growth and Borrowing

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The All Progressives Congress (APC) and opposition parties clashed over President Bola Tinubu’s claim that Nigeria has already met its 2025 revenue target and stopped local borrowing. While the APC hailed reforms as a success, the ADC, Labour Party, NNPP, and CUPP accused the President of celebrating figures that have no impact on citizens suffering under inflation, food crises, and a weak naira....

Ojulari Reveals NNPC Under Attack, Defends Refinery Revival Drive

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NNPC GCEO Bayo Ojulari has declared that the corporation is “under attack” from vested interests opposed to reform. He vowed to stay the course, insisting the Ojulari NNPC under attack refinery revival plan will be sustainable, not a short-term fix. Oil union PENGASSAN has pledged full backing....

FG Defends Passport Fee Hike, Says Reform Will Curb Corruption and Delays

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The Federal Government has defended its decision to raise Nigerian passport fees to ₦100,000 and ₦200,000 from September 1. Interior Minister Olubunmi Tunji-Ojo said the reform will ensure timely delivery, eliminate corruption, and protect the integrity of Nigeria’s travel documents. He promised Nigerians will now receive passports within one week of enrolment....

Subsidy Removal in Nigeria: Ezekwesili Slams Tinubu Over ‘Good Policy, Wrong Execution’

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Former Minister of Education Oby Ezekwesili has criticised President Bola Tinubu’s fuel subsidy removal, calling it a sound policy “implemented the wrong way.” Speaking at the Nigerian Bar Association conference in Enugu, she said the abrupt reform deepened poverty, worsened inflation, and left millions without safety nets....

Nigeria, Brazil Seal Direct Flight Agreement (BASA)

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Nigeria and Brazil have signed a landmark Bilateral Air Service Agreement (BASA) to enable direct flights between both countries. The deal, concluded during President Bola Tinubu’s visit to Brasília, is expected to boost trade, tourism, and investment while strengthening diplomatic ties between Africa’s largest economy and South America’s powerhouse....

Dangote Refinery Faces Backlash over Pricing, Monopoly Concerns from Marketers

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Tensions are rising in Nigeria’s downstream oil sector as independent marketers and stakeholders accuse the Dangote Refinery of restrictive pricing, port cost challenges, and monopolistic practices. Despite being Africa’s largest refinery, marketers say it’s currently cheaper to import from Lomé than load domestically. Industry groups are calling for regulatory intervention and open-market reforms....

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