FG set to go ahead with $1.5bn refinery revamp despite criticisms
The Federal Government is to forge ahead with its plan of spending $1.5bn on the rehabilitation of the Port Harcourt refinery despite criticisms that had trailed the move. Officials of…
Dollar scarcity: Parents groan as banks delay foreign school fees payments
narrate difficulty in paying US, Ukraine, Turkish varsities, others explore bitcoin, black market options to meet deadlines National PTA to send SOS letters to education, finance ministers The lingering foreign…
How Lamido received N1.35bn kickbacks into personal accounts – EFCC
A witness of the Economic and Financial Crimes Commission, Michael Wetkas, has narrated how a former governor of Jigawa State, Sule Lamido, his two sons and four others allegedly used…
CBN defends naira with $5.62bn in three months
The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of 2020 as part of efforts to ensure the stability of the naira. This…
FG refineries earn N21bn, lose N778bn in five years
The government-owned refineries, being run by the Nigerian National Petroleum Corporation, reported a total loss of N778.71bn from 2015 to 2019, an analysis of data collated from their financial statements…
USSD: Nigerians on social media lament multiple bank charges
Nigerians on social media have lamented the payment of multiple bank charges, especially with Tuesday’s announcement by the Central Bank of Nigeria that effective immediately, Nigerians using the Unstructured Supplementary…
We found gold deposits along Abuja-Nasarawa highway – FG
Gold deposits have been discovered along the Abuja, Nasarawa axis through the National Integrated Mineral Exploration Project being undertaken by the Federal Ministry of Mines and Steel Development. Minister of…
Experts carpet FG over N568.5bn vote to repair loss-making PH refinery
• Project wasteful, senseless, govt beating dead horse, say economists • NUPENG, union commend government, seek private sector participation The Federal Executive Council on Wednesday approved the plan by the…
Foreign exchange inflow rises to $23.60bn
Aggregate foreign exchange inflow into the country in the fourth quarter of 2020 rose to $23.60bn from $21.46bn in the third quarter, figure from the Central Bank of Nigeria revealed…
EU reports Nigeria to WTO over ban on milk importation
The European Union has written a letter to the World Trade Organisation to complain about the milk and dairy restriction policy of Nigeria. Director-General, World Trade Organisation, Ngozi Okonjo-Iweala, disclosed…













