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NNPCL Distributes 339m Litres of Petrol in One Week 

NNPCL Distributes 339m Litres of Petrol in One Week  The Nigerian National Petroleum Company Limited has revealed that a total of 339 million litres of petrol was distributed to 63 depots across the country in one week. Data obtained from the Nigerian Midstream and Downstream Petroleum...

CBN Trains over 400 Kano Residents On e-Naira Usage

CBN Trains over 400 Kano Residents On e-Naira Usage By Ozumi Abdul The Central Bank of Nigeria (CBN) on Wednesday trained over 400 people in Kano state on the usage of the Central Bank Digital Currency (CBDC), popularly called e-Naira. The training which was held in Gadun...

Investors Lose N1bn As Equities Market Dips

Investors Lose N1bn As Equities Market Dips   The Nigerian Exchange Limited dipped slightly on Tuesday as investors lost about N1bn at the end of trading. The All-Share Index depreciated to 55.603.94 on Tuesday from Monday’s record of 55,605.57. The Market capitalisation also dipped to N30.290tn from...

Naira Crunch: Banks In Shock As Rejection Of Old N500, N1000 Spreads

Naira Crunch: Banks In Shock As Rejection Of Old N500, N1000 Spreads   The enthusiasm that greeted the Supreme Court judgement that the old N500 and N1,000 notes should be in use till December 31st 2023, has dissipated as widespread rejection of the old notes by...

Airlines Predict Flight Delays As Aviation Fuel Hits N840/litre

Airlines Predict Flight Delays As Aviation Fuel Hits N840/litre   Local airlines under the aegis of the Airline Operators of Nigeria have disclosed that aviation fuel popularly known as Jet A1 has become scarce, a situation according to them may lead to flight delays. The Assistant Secretary...

Marketers Say Fuel Scarcity Will Linger Till After Elections

Marketers Say Fuel Scarcity Will Linger Till After Elections   The scarcity of Premium Motor Spirit, popularly called petrol, in Abuja and other northern states could persist till after Saturday’s gubernatorial elections in various states, oil marketers said on Tuesday. Petrol scarcity became severe on Monday in...