The house of representatives has directed the Nigerian National Petroleum Company (NNPC) Limited to end the current petrol scarcity crisis within the next seven days. The legislators passed the resolution during a plenary session on Tuesday following the adoption...
The Independent Petroleum Marketers of Nigeria, Nigerian Upstream Petroleum Regulatory Commission and other stakeholders, have been summoned by the Department of State Service in Kano State to immediately resolve the lingering fuel scarcity in the state. According to a...
PETROLEUM products marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), have threatened to shut down fuel stations this week if the Federal Government through the Nigerian National Petroleum Corporation (NNPC) fails to make petroleum...
In an ongoing effort to curb inflation and relieve pressure on the naira, the Central Bank of Nigeria on Tuesday increased its benchmark lending rate to 16.5 per cent. This was announced by CBN Governor Godwin Emefiele at the...
The Sector Counsellor in Food and Agriculture, Embassy of Denmark in Nigeria, Mr Poul Jacob Erikstrup, has said that with 21 million cattle Nigeria can be self-sufficient in milk production if ranching is adopted instead of open grazing. While...
The International Monetary Fund (IMF) has asked the Central Bank of Nigeria (CBN) to step back and allow commercial banks to determine dollar buy-sale rates to boost foreign capital flows to the economy. IMF said this in its 2022...
BudgIT a Nigerian civic organisation that applies technology for citizen engagement and institutional improvement , has launched an app that would enable citizens track specific projects in communities and federal allocations to Local Government Areas in the country. The...
A Nigerian Entrepreneur, Mr Pascal Dozie, has urged Nigerians to set agenda for incoming leaders after the 2023 general elections, to achieve a greater country.Dozie, who is the founder of the defunct Diamond Bank and Chairman of Pan Atlantic...
Barely two weeks after the announcement of plans by the Central Bank of Nigeria (CBN) to redesign some naira notes, about N52 billion cash has been deposited. There were indications that the deposit sum may increase in the next...
First Bank of Nigeria has reiterated its support to mining sector development and growth as part of efforts to diversify the nation’s economy. First Bank’s Group Head, Corporate Banking, Energy (Upstream and midstream), Temitayo Osundosumu, said this during a...
