Dangote’s blood money

On January 23, a truck belonging to Dangote Group rammed into a shopping complex in Akungba Akoko, around Adekunle Ajasin University. Media reports state that the truck’s brakes failed as…

Reps probe unaccounted $339m oil

The House of Representatives has resolved to investigate the 5.2 million barrels of crude oil worth $339m, which was reported to have been unaccounted for by the Nigerian National Petroleum…

US partners Lagos to improve environment

The United States Mission has expressed its desire to partner the Lagos State Government to improve the state’s environmental conditions and promote sustainable living in the state. The Consular General…

CBN restructures loans, grants another 12-month extension

The Central Bank of Nigeria has given another 12-month extension on the discounted interest rate for its intervention facilities. It said that the role-over of the moratorium on the facilities…

Group urges FG to nationalise Shell

Some Nigerian youths under the aegis of the Ethnic Youth Leaders and Patriotic Youth Organisations have urged the Federal Government to nationalise Shell Petroleum Development Company Limited assets in the…

We can’t restock, scarcity worsening, lament petrol marketers

Oil marketers on Wednesday said the scarcity of petrol in many parts of Nigeria was not abating because of the difficulty currently faced by filling stations to restock their tanks…

REPS TO INVESTIGATE NNPC’S MISSING 5.2 MILLION BARRELS OF CRUDE OIL UNDER Direct Sales Direct Purchase POLICy

The House of Representatives has resolved to investigate the alleged missing 5.2 million barrels of crude oil. The alleged missing oil is under the Direct Sales Direct Purchase ,DSDP,policy of…

Petrol scarcity persists, transport fares rise by 100%

Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected…

Petrol scarcity, ploy to hike price, say marketers

The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as only few filling stations dispensed the commodity. But despite the…

External reserves drop by $1.1bn in one month

External reserves dropped by $1.1bn in February, according to statistics obtained from the Central Bank of Nigeria on Monday. The reserves which stood at $36.19bn as of February 1 fell…