NNPC Loads 995m Litres Of Petrol To States Nigerian National Petroleum Company Ltd. (NNPCL) has loaded 994.479 million liters of petroleum worth N164.175 billion (at N165 per litre) to states and the Federal Capital Territory (FCT) in the last 14 days. Authorities have blamed rising diesel...

Nigeria Foreign Airlines’ Trap Funds International Air Transport Association (IATA) statistics show that the total amount of foreign airlines' funds trapped in Nigeria has doubled from $147 million (N61 billion) in August 2021 to $283 million (about N117.6 billion) as at now. In line with the...

Senate Confirms CBN’s Monetary Policy Committee Members   The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN). The confirmation of the nominees followed the consideration of a report by the Committee on Banking, Insurance...

FRC Facilitates Over N600bn Revenue Increment   The Fiscal Responsibility Commission (FRC) said it has facilitated over N600 billion revenue increment for the federal government. The chairman of the commission, Chief Victor Muruako, disclosed this during the opening of a five-day capacity building session for the chairmen...

FAAC Shares N590.546bn Revenue To FG, States, LGCs For February, 2022   The Federation Accounts Allocation Committee (FAAC) has shared a total sum of N590.546 billion February 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils. This was contained in a communiqué issued...

CBN's MPC Blames Rising Inflation on Fuel, Hikes In Electricity Tariff The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has blamed the hike in energy prices for the rising inflation rate experienced within the country in February 2022. In a communique released...