Oil firms borrowed N130bn from banks in February – CBN

Operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130bn from Nigerian banks in February amid the significant rise in…

Federal government pensioners not paid since March – pencom

Most Federal Government workers that retired from March 2020 to March 2021 have not been paid their pensions. The Director-General, National Pension Commission, Aisha Umar, disclosed this while presenting her…

Buhari Hasn’t Failed Nigerians – MASARI

The Governor of Katsina State, Aminu Bello Masari, has said contrary to the views in some quarters, President Muhammadu Buhari has not failed Nigerians. Masari, who spoke in a Television…

Dangote commits $700m to sugar production

The management of Dangote Sugar Refinery Plc has said it is committing over $700m to its sugar projects to support the Backward Integration Policy of the Federal Government to make…

Experts fault CBN gov, NESG says N60bn printing not sustainable

A former  Deputy Governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, and  a professor of Political Economy, Pat Utomi,  have faulted the CBN Governor, Godwin Emefiele’s justification of…

774,000 jobs: FG commences partial payment of stipends

The Federal Government has commenced partial payment of the N20,000 monthly stipend to the 774,000 beneficiaries of the Special Public Works programme. The Minister of State, Labour and Employment, Festus…

Telcos seek CBN, NCC intervention over alleged USSD debt

Telecommunications companies are calling for the intervention of the Central Bank of Nigeria and the Nigerian Communications Commission over the lingering N42bn indebtedness of Deposit Money Banks to telcos. Representatives…

Shun pressure from govs, continue your strike, JUSUN tells members

The strike by the Judiciary Staff Union of Nigeria took a worsening dimension on Friday with the organisation calling on members nationwide to continue with the industrial action. JUSUN said…

Lai Mohammed blames Nigerians for Twitter’s decision to locate African hqtrs in Ghana

The Minister of Information and Culture, Alhaji Lai Mohammed, yesterday blamed Nigerians for the decision of Twitter’s to locate its new African headquarters in Ghana over Nigeria. He also noted…

Experts blame insecurity, low production, forex as inflation hits 18.17%

Nigeria’s rate of inflation, which has maintained a continuous increase for more than a year, rose again in March, hitting a high of 18.17 per cent, according to data released…