Capital Oil Defies Strike, Begins Petrol Loading

Capital Oil is defying the directive by other fuel marketers insisting that they will not lift petroleum products except the federal government pays them the money they are owed. The independent oil marketing company is pushing out 15 million litres to ease the situation across the country.

FG & Petrol Marketers Disagree on Outstanding Subsidy Debt | Finance Minister to Meet with Marketers Today


There is a disagreement between the federal government and petrol marketers about exactly how much subsidy debt is owed. Punch reports that Minister of Finance, Ngozi Okonjo-Iweala says the government owes marketers N131 billion, however; the marketers insist that they are still being owed N200bn after last week’s payment of

BE PREPARED! We Are Entering An Era Of Austerity And Discipline – Ex-Finance Minister


Onaolapo Soleye, a former minister of finance under the military administration of Muhammadu Buhari, has called on Nigerians to brace up for a season of discipline and austerity during the second coming of General Buhari. Dr Soleye has expressed his opinion about the current financial situation in the country in

Broke? Nigeria Debt Profile Deepens As FG Borrows $2Billion From World Bank


The federal government will be taking a loan of $2 billion loan from the World Bank and the African Development Bank (AfDB) to assist in the implementation of its policies and programmes for the year. This was made known by the Coordinating Minister for the economy and Minister of Finance,

Is the National Assembly Broke?


A National Daily has confirmed that its investigations into the National assembly reveal that the country’s legislative arm is broke. The situation is so dire that  payment of monthly salaries to lawmakers, their aides and members of staff, are not being met and the management is worried.