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Lack Of License, Foreign Exchange, Others Hinder Fuel Importation

Lack Of License, Foreign Exchange, Others Hinder Fuel Importation   Barely a month after deregulation, operators in the downstream sector have not been able to import petrol into Nigeria, due mainly to a lack of license and foreign exchange. Checks during weekend, indicated that many oil marketers...

BUA, Dangote and Price Fixing War, by Muhammad Sagir Bauchi

BUA, Dangote and Price Fixing War, by Muhammad Sagir Bauchi Around October 1929, values of stocks in the New York Stock Exchange (NSE) market dropped to an unprecedented record level. Within three days, many investors loss about five billion dollars. Towards the end of the...

898 Microfinance Banks Get CBN’s License

898 Microfinance Banks Get CBN's License   The number of microfinance banks licensed in the country by the Central Bank of Nigeria stood at 898 as of February 13, 2019. The CBN disclosed this in a list it released on the recognised microfinance banks in the country...

DPR issues 21 licences for new refineries

Department of Petroleum Resources, DPR, has issued 21 licences to investors to establish new refineries in the country Four investors had earlier been issued licences to construct new plants in the country. This was disclosed by DPR in a statement at the weekend. The statement...