CBN Reveals Earnings From Electricity Export Drop By 27%   Nigeria’s electricity export crashed by $58.1m in one year amid grid collapse. Data from the Central Bank of Nigeria showed that the value of Nigeria’s electricity export was $213.66m in 2021 but...

Fuel Importation: Marketers Demand Equal Access To Forex   Oil marketers have projected that the ex-depot price of Premium Motor Spirit, popularly called petrol, would hit N515/litre once they source foreign exchange rate at the parallel market for the importation of...

NNPCL Ending Crude Oil Swap Contracts - Kyari   The National Petroleum Company Limited (NNPCL) has said it is winding down crude swap contracts with traders and will pay cash for petrol imports. The Group Chief Executive Officer of NNPCL, Mele Kyari,...

Banks Begin Collection Of Tax Certificate On Forex Requests   Commercial banks across Nigeria have announced that all Form A and Forex requests must include a valid copy of the applicant’s Tax Clearance Certificate (TCC) alongside other required documents on the...

Despite World Bank Funding, Buhari Failed To Sign Data Protection Bill   The former President of Nigeria, Muhammadu Buhari, failed to sign the Nigeria Data Protection Bill again despite World Bank’s funding and stakeholders’ support. In September last year, it was reported...

Fuel Subsidy: The Genesis and Nemesis, by Adedamola Adetayo   ORIGIN. 1. In the past, we had FOUR (4) REFINERIES. Two (2) in Portharcourt, One (1) in Warri and another One (1) in Kaduna. Crude oil was pumped into those four REFINERIES and we...