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…

International flights resumes in kano

The Malam Aminu Kano International Airport (MAKIA) has resumed international flights, one year after they were suspended over COVID-19 concerns. The flights resumed at the new terminal of the international…

NSE resumes from Easter holidays with N78bn loss

The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend, the News Agency of Nigeria reports.…

Shoprite concluding arrangements to exit Nigeria 2021 – CEO

South African Company, Shoprite Holdings Limited, has announced that the sale of its Nigerian outlets was being concluded. The company said it would shut down operations in the country by…

JUBILATIONS AS ENUGU REP FACILITATES CBN LOAN FOR CONSTITUENTS

The Deputy Minority leader, House of representatives, Rt. Hon. Toby Okechukwu has aided the propagation of the obtainment of the Nisera loan From the Central bank of Nigeria, for his…

Sterling Bank reports N12.4bn profit

Sterling Bank Plc, a full service national commercial bank, said it recorded N12.4bn profit before tax in the financial year ended 31 December 2020. It disclosed this in a statement…