FG Vows to Sanction Oil Marketers Over Poor Management
The Federal Government has raised the alarm over the rising cases of deadly incidents in filling stations, depots and by tanker drivers, which had claimed about 633 lives in less than four years.
It vowed to sanction...
UN Says 64.3million Nigerians Lack Adequate Food - Report
The World Food Programme, an organisation within the United Nations, has revealed that thirty-two per cent (64.3 million) of Nigerians do not have enough food to consume.
According to the organisation, 170 million people do not have...
Oil Exploration: NNPCL To Boost Reserves To 50 Billion Barrels
The ongoing oil exploration in Nigeria’s frontier basins is to grow the country’s crude oil reserves from 37 billion barrels to 50 billion barrels, the Nigerian National Petroleum Company Limited (NNPCL) announced on Tuesday.
NNPC also...
Stock Market Depreciates By N341bn Amid Profit-taking
The profit-taking continued to dominate the stock market of the Nigerian Exchange Limited (NGX) as the capitalisation down by N341 billion amid sustained negative investors’ sentiment.
The NGX All Share Index (ASI) decreased by 626.14 basis points or 1.16...
CBN Bars Banks, Financial Institutions Seeking Upgrade From Expansion
The Central Bank of Nigeria (CBN) has barred banks and other financial institutions seeking a conversion licence from expanding or reducing their current banking network in its new draft guidelines.
The CBN discloses this in a circular...
PENGASSAN To FG: Stop Fuel Subsidy, Revive Refineries
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday, called on the Federal Government to stop subsidising Premium Motor Spirit, popularly called petrol.
It also called on the government to ensure the speedy rehabilitation...
