Nigerians still in darkness amidst 203tcf reserved

Notwithstanding the peak-wheeling performance recorded by the Transmission Company of Nigeria (TCN) a month ago and huge gas reserves of 203 trillion cubic feet (tcf), constraints, including limited gas supply,…

Rising debt: DMO blames COVID-19, experts say borrowing from CBN dangerous

Nigeria’s debt profile has been on the increase because of the impact of revenue crash and the crises trailing the coronavirus pandemic on the economy, the Debt Management Office has…

Petrol, used vehicles, motorcycles, antibiotics, Nigeria’s major imports – NBS

Nigeria’s major export and import market in the fourth quarter of 2020 were India, Spain, the Netherlands, United States and China, the National Bureau of Statistics has said. It disclosed…

FG printed N60bn to share in March, says Obaseki

Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” with the way the economy is run. Obaseki lamented that Nigeria was the only country in the…

MTN partners fintechs as talks with banks lingers

 MTN has activated a number of new channel partnerships with fintech companies as the company continues meeting with the commercial banks on a new pricing structure agreement. MTN’s initial meeting…

Marketers project petrol price reduction as oil falls

Brent, the oil against which Nigeria’s crude is priced, continued its fall in price on Thursday with oil marketers in the country projecting that such a persistent plunge in global…

World Bank to address Nigeria, poor countries’ debt overhang

The President, World Bank Group, Mr David Malpass, said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for…

CBN freezes 11 bank accounts

The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into…

Petrol right pricing, VAT hike to increase govt revenue – Dangote

President of Dangote Group, Alhaji Aliko Dangote, on Wednesday said government could not function without tax payment, increase Value Added Taxes and charging the  right prices on petrol products. Dangote…

Massive fuel smuggling persists amid opposition to border restriction

Amid the continued smuggling of petroleum products out of the country to neighbouring countries including Cameroun, the Nigeria Customs Service has said its restriction of fuel supply along borders is…