FG Will Save N10trn On Fuel, FX Subsidies Removal - CPPE
Nigeria is going to save about N10tn annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol, and foreign exchange, a report released on Sunday by Centre for the Promotion of...
Oil Production May Drop Over Fresh Pipeline Explosions
Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent.
A fresh explosion was said to have rocked a major export pipeline in the Niger Delta, with about 12...
CBN Disburses N114bn Under 100-for-100 Policy
The Central Bank of Nigeria has disbursed N114.17bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention.
This was disclosed in a communiqué issued by the CBN Governor, Godwin Emefiele, after the last...
Petrol: Queues Return To Abuja, Others As Supply Dips
The scarcity of Premium Motor Spirit, popularly called petrol, has again returned to Abuja, Nasarawa, Niger, Kaduna and other states, causing massive queues at the few filling stations that dispensed the product in the affected areas.
In...
CBN Reveals External Reserves Drop By $317m In February
According to figures that were obtained from the Central Bank of Nigeria, CBN, it has been revealed that the nation’s external reserves dropped by $317 million in February.
Its latest data on the movement of external reserves...
UPDATE: Supreme Court Scolds Buhari, Emefiele for Disobeying Order on Old Naira Notes
The Supreme Court of Nigeria has described as dictatorial and undemocratic the decision of President Muhammadu Buhari to disobey its earlier order on the continuous use of old N200, N500 and N1000...
