NNPC will no longer exist after 6 months – GMD
The Nigerian National Petroleum Corporation has the next six months to carry out operations; afterwards, it will cease to exist.
Group Managing Director of the...
FG plans to borrow N4.89trn to fund 2020 budget – Minister
The Federal Government intends to borrow about N4.89tn from internal and external sources to finance the 2022 budget.
It is projected that N13.98trn will be...
House of Reps frown on recycling of capital projects
The House of Representatives says it will no longer tolerate unnecessary recycling of capital projects in the budget without due regard to essential projects...
President Buhari signs PIB amid unsettled controversies
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law.
Working from home in five days quarantine as required by the Presidential Steering...
Nigeria’s biggest airports were not designed for international operations – Minister
Minister of Aviation has revealed that Nigeria’s top airports were not designed for international operations they are presently handling.
Airports in Lagos, Abuja, Port Harcourt...
UAE set to lift flight ban on Nigeria, 5 other countries
The United Arab Emirates is set to lift the ban placed on transit flights from Nigeria and five other countries.
The countries include India, Pakistan,...
Nigeria’s debt to the World Bank, AfDB rise by 98%
Nigeria debt to the World Bank and the African Development Bank has risen by 98.48% between June 2015 and March 2021.
Data from the Debt...
Forex: CBN directs commercial banks to set up teller points
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of...
Bitcoin surges above $40,000
Bitcoin broke above $40,000 on Wednesday and headed for another attempt at breaking from its months-long range as short-sellers bailed out and traders drew...
CBN stops selling of forex to Bureau de Change operators
The Central Bank of Nigeria has announced a ban on the sale of forex to Bureaux De Change operators.
The apex bank says it has...
Bitcoin Tops $38,000 On Fresh Tesla Support
Bitcoin rebounded sharply Monday, hitting a one-month peak above $38,000, as US electric carmaker Tesla expressed fresh support for the world’s most popular cryptocurrency.
Bitcoin...
Nigerians spend N7trn annually on power generation- Expert
Nigerians, and by extension, their businesses, expend about N7 trillion annually on power generation, a Renewable Energy expert, Mr Stephen Ogboko, has said.
Ogboko, also...
Obi Cubana: HURIWA directs CBN towards terror sponsors
Events surrounding the burial of the mother of Billionaire businessman, Obi Iwegbu, known popularly as Obi Cubana has continued to generate reactions.
Rights group, Human...
GT Bank names new Managing Director as ‘holding company’ takes shape
Guaranty Trust Bank Plc has completed its re-organisation to a Holding Company Structure, naming a new Managing Director for the banking arm of the...
Oil marketers task FG to provide environment for investments
Major Oil Marketers Association of Nigeria has challenged the Federal Government to create an environment that would make investors in the oil and gas...
