…Reps summon finance minister, othersThe Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has said that the withdrawal of over $21billion from the…
The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Governor of the Central Bank of Nigeria, Godwin Emefiele, over non-remittance of $19.25bn (about…
As part of the Federal Government’s plan to provide electricity for 25 million citizens who lacked access to the national grid, the Federal Executive Council on Tuesday said that it has approved the establishment of an Economic…
Nigeria’s apex bank, Central Bank of Nigeria (CBN) has rolled out a framework for financing the National Mass Metering Programme (NMMP) recently implemented by the federal government.
The framework is expected to close the metering gap…
Crude oil production in Nigeria dropped by 1.74 million barrels in September, figures from the just released oil market report of the Organisation of Petroleum Exporting Countries (OPEC) showed in a recent report.
In the OPEC report,…
The Central Bank of Nigeria (CBN) has capped the maximum loan an obligor can access under its N250 billion intervention fund for the gas sector at N10 billion.
This is contained in a guideline released on Monday, titled, “Framework for…
The Nigeria National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN) have agreed to fund the feeding and accommodation of Nigerian evacuees in Lagos and Abuja, as part of their Corporate Social Responsibility (CSR).
…
By Elizabet
In a bid to promote local manufacturing, the Central Bank of Nigeria (CBN) has placed restrictions on the
sale of foreign exchange to importers of textiles and other clothing materials.
The CBN Governor, Godwin Emefiele,…
Aside the sum of $1.05b earlier discovered to have been withdrawn from the dividend accounts of the Nigeria Liquefied Natural Gas, NLNG, the Senate yesterday said that it has uncovered alleged fresh multiple withdrawals from the same…
The Federal Executive Council of Nigeria (FEC) has approved a power guarantee assurance valued at N701 billion ($2.2billion) to electricity generating companies (GenCos) to help solve liquidity challenges faced by the energy sector. This is…
