Until the Dangote Refinery comes on stream, there may be no respite from aviation fuel crisis rocking both airlines and the industry at large. The Minister of Aviation, Hadi Sirika, said this in reaction to the astronomical rise...
Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said.As at the close of work...
Nigerian telecommunications consumers may need to tighten their belts in the days ahead as Federal Government has concluded plans to impose 5% Excise Duty on all telecommunications services ranging from calls, SMS and data services. This is coming...
Oil and gas operators said they have not received subsidy payments on petroleum products from the federal government since 2015. The companies disclosed this when they appeared before the House of Representatives ad-hoc committee investigating the subsidy regime...
Nigeria’s Central Bank has asked a court for a directive to freeze accounts of 157 companies in the Meter Asset Providers (MAPs) scheme for alegedly diverting funds meant for the procurement of prepaid meters. TheCable report cited a...
The Edo State Ministry of Health has revealed that eight persons had so far tested positive for monkeypox in the state. Consequently, it urged residents to observe safety measures to reduce the spread of the virus and other...
Amid the decline in the revenues disbursed to them by the Federal Accounts Allocation Committee (FAAC) in recent months, the total debt owed by states to the Central Bank of Nigeria (CBN) has increased to N1.24 trillion. In...
Lagos Governor Babajide Sanwo-Olu has declared four work-free days for public workers to register and collect their Permanent Voter Cards(PVCs) ahead of the deadline on July 30. Starting from Tuesday, public workers from different grades have been scheduled...
The US has risen to become the world's largest liquefied-natural gas exporter during the first half of 2022, according to the Energy Information Administration. According to an EIA report, US LNG exports increased by 12% in the first...
Operators of commercial tricycles and motorcycles have kicked against Federal Government’s plan to impose a ban on the use of motorcycles as part of the plan to curb insecurity. They said executing such plan will prove counterproductive. The...
