FG plans single regulator for midstream, downstream sectors -

2.5% equity for oil communities threat to peace in N’Delta — CHURAC

By Emma Amaize THE Centre for Human Rights and Anti-Corruption Crusade, CHURAC, has said the paltry sum of 2.5 per cent equity voted for oil-producing communities in the revised Petroleum Industry Bill,... Read more »
Exxon Mobil, Chevron again report lossses on low oil prices

Improved crude oil prices shoot Nigeria’s external reserve to 36.23bn

The CBN  says Nigeria’s Foreign Exchange Reserves rose from 34.94billion dollars in November 2020 to 36.23billion dollars as at Jan 21, 2021. CBN Governor, Godwin Emefiele, said at the January Monetary Policy... Read more »
Pressure on banks over consumer loans money market

CBN advises against total lockdown as COVID-19 infections soar

CBN …Retains MPR at 11.5%…Expresses concern over rising debt levels By Babajide Komolafe The Central Bank of Nigeria (CBN) has advised against complete lockdown of the economy as a way of curbing... Read more »
NMMP: EEDC commences free mass metering to customers

NMMP: EEDC commences free mass metering to customers

By Chinedu Adonu In accordance with the National Mass Metering Programme, NMMP, an initiative of the Federal Government of Nigeria designed to ensure speedy deployment of meters to electricity customers, as a conscious... Read more »
We must discontinue dependence on crude oil for public revenue, forex — Emefiele

Revised cheque book becomes fully operational April 1, says CBN

CBN Governor, Mr Godwin Emefiele The CBN has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalised, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised cheque... Read more »
Pressure on banks over consumer loans money market

CBN flays continued remittances in Naira

CBN The CBN has expressed displeasure over continued diaspora remittances into the country in Naira instead of dollars, by International Money Transfer Operators (IMTOs) and unlicensed companies, contrary to its directives. Dr... Read more »
Obaseki woos U.S. Govt, private sector for direct investments in agriculture

Obaseki woos U.S. Govt, private sector for direct investments in agriculture

Governor Godwin Obaseki of Edo State.…pledges allocation of 5000 hectares of land to California based agro firm in Edo By Levinus Nwabughiogu-Abuja To further strengthen the economy of the state, Edo State... Read more »
United Nigeria Airline‘ll boost our revenue — FAAN

United Nigeria Airline‘ll boost our revenue — FAAN

The Federal Airports Authority (FAAN) Tennis Club, Ikeja has called on the sports authorities to upgrade of all sporting facilities in the country to enhance sports developmentBy Dennis Agbo The Federal Airports... Read more »
ACFTA: We need clear tariffs directives — Customs

ACFTA: We need clear tariffs directives — Customs

Comptroller-General of Customs, Col. Hamid Ali (retd) Emma Ujah, Abuja Bureau Chief The Nigeria Customs Service (NCS) has said that it needed clear directives on tariffs on goods covered by the African... Read more »

CBN provides N10bn intervention funds to Kano to revive industries — Consortium

Governor Abdullahi Umar Ganduje of Kano State. Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN), have secured an N10 billion intervention fund... Read more »