By Jemimah Wellington, JKNewsMedia Reporter THE NIGERIAN National Petroleum Company Limited (NNPC) has announced a record net profit of N3.297 trillion for the financial year ending December 2023. This represents a 28% increase from the N2.548 trillion profit reported in 2022, marking the highest profit in the company’s 46-year history. ...
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has issued a pressing advisory to the Nigerian government, stressing the immediate necessity to eliminate what it terms ‘implicit’ subsidies on electricity and fuel. These subsidies, projected to consume three per cent of the nation’s Gross Domesti...
