NNPC Breaks Silence On Fuel Queues, Blames Situation On Road Projects   The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos State and Abuja on some construction projects going on in the state. NNPC’s Executive Vice President,...

Banks’ Consumer Loans Increases By 31% To N2.55trn On Rising Inflation     On the back of rising inflation rate in Nigeria, banks’ consumer loans rose by 31 per cent or N615.82 billion in one month to N2.55trillion in July 2022 from...

Kogi, China Plan N591bn Investments, 685,000 Jobs   Kogi State Government has signed a Memorandum of Understanding with Chinese investors for the provision of technology security architecture to track movement in and out of the state from a central control centre....

Marketers Project N350/litre Pump Price As Depots Sell N220/litre   The pump price of Premium Motor Spirit, popularly called petrol, could hit N400/litre at most filling stations before the end of this year, going by the continued scarcity of the...

Emefiele Says Non-Oil Exporters Fetched Nigeria N2.1trn Forex This Year   The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said $4.987 billion (about N2.1 trillion) has been repatriated to Nigeria by non-oil exporters so far in 2022. Emefiele,...

Oil Price Gains 2%, Rises To $85/Barrel   The global benchmark for crude oil, Brent Crude, has risen by 2.5 per cent and traded above $85 on Tuesday as a result of expectations that China might ease its COVID-19 restrictions. Oil market...