Subsidy: NNPCL Issues New Price to Marketers The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products. This came about two weeks after the Federal Government announced the removal of fuel subsidy. NNPCL...

Banks Maintain Ratio At Above 30% Despite Liquidity Crunch ‌ Amid tighten monetary policy by the Central Bank of Nigeria (CBN), Deposit Money Banks (DMBs) operating in Nigeria reported mixed Liquidity Ratio (LR) above the regulatory requirement in the 2022 financial year. Also, Capital Adequacy Ratio (CAR)...

'Over $56bn Lost To Oil Subsidy, Theft'   Nigeria lost $46.16bn to crude oil theft between 2009 and 2020, while it lost $10.7bn annually to subsidy on Premium Motor Spirit, popularly called petrol, the Energy and Natural Resources subcommittees of the Advisory Council of President Bola...

Investors Gain N60bn As Financial Services Lead   The financial services sector has continued its dominance of trading activities in the equity market as it cornered 71.82 per cent of stocks traded (in terms of quantity) on the Nigerian Exchange Limited in the past week. This...

Finally, DSS Confirms Emefiele’s Arrest By Idris Umar Feta The Department of State Services (DSS) has finally confirmed that Godwin Emefiele, suspended Governor of the Central Bank of Nigeria (CBN), is in its custody. Emefiele was picked up by the secret police after he was removed from...

Terrorism Financing: Emefiele Faces DSS Probe  The suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is reportedly facing a probe by the Department of State Services (DSS) and other security agencies over alleged terrorism financing and other financial atrocities. Emefiele who was suspended...