NNPC Shifts Fuel Subsidy Payment Burden To FG   The burden of fuel subsidy payment, a sore issue in the petroleum industry, has been shifted from the Nigerian National Petroleum Company (NNPC) Limited to the Federal Government. NNPC Limited Group Chief Executive...

AfDB Board Okays Over $1bn For Emergency Food Production Plan   The African Development Bank (AfDB) Group’s Board of Directors has approved 24, fast-track programmes to help the continent mitigate rising food prices and inflation caused by Russia’s war in Ukraine,...

Emefiele Says Exporters Got N20bn Rebate From RT200FX   The Governor, Central Bank of Nigeria, Godwin Emefiele, has said that the bank paid eligible exporters over N20bn rebates in the second quarter of implementing the RT200 FX programme for exports worth...

Fuel Price: Confusion As N179/litre Controversy Worsens   A document displaying the costs of Premium Motor Spirit, popularly called petrol, in various regions of Nigeria is causing confusion among PMS consumers as the Federal Government remained mute about the matter on...

Local Airlines Seek 40% Fuel Surcharge, Waivers As Jet A1 Hits N822/litre   Local airlines, yesterday, sought approval to impose a new fuel surcharge of between 25 and 40 per cent on consumers as part of measures to cope with an...

CBN To Sanction Customers Converting Naira To Dollar   The Central Bank of Nigeria (CBN) yesterday read the riot act to bank customers, especially politicians, converting naira to the dollar as electioneering spending spike. The CBN, which also raised interest rate from...