The July figure represents an 8.8 percent month-on-month increase and a 233.9 percent jump from May, when imports accounted for only 12.4 percent of total recorded petrol receipts.
April 05, (THEWILL) — For many Nigerians, fuel prices are not just numbers; they shape everyday life. A change at the pump quickly reflects in transport fares, food prices and the overall cost of living. This is why recent...
March 30, (THEWILL) — It remains undisputable that Nigeria is a mono-product economy; having crude oil (and some gas) as the mainstay of its economy for several decades. Consequently, the fate of its economy is intricately tied to the...
March 29, (THEWILL) — Let me begin with a caveat: no economy is completely insulated from global geopolitical tensions. While the Dangote Refinery reduces import dependence, it cannot fully shield domestic fuel prices from international market shocks. The refinery...
Enugu State Governor, Peter Mbah, has disclosed that efforts are ongoing to facilitate the return of former Deputy Senate President, Ike Ekweremadu, from the United Kingdom to Nigeria to serve the remainder of his prison sentence.
