NNPC, marketers differ on petrol price, queues surface
The Nigerian National Petroleum Corporation on Thursday said it had not effected any increase in the ex-depot price of Premium Motor Spirit and as such the pump price of the…
Electricity generation drops as idle plants rise to 11
The number of idle power plants on the national grid rose to 11 on Thursday, a day after a system collapse that plunged parts of the country into a blackout.…
Banks cut borrowings from CBN over excess liquidity
Deposit Money Banks have continued to reduce their borrowings from the Central Bank of Nigeria. The CBN attributed this new development to excess liquidity in the system. Banks borrowed N15.95bn…
Judge returns Air Peace file for re-assignment
Justice Chuka Obiozor, the trial judge in the over N2bn fundamental rights suit against Air Peace and four others, has returned the case file to the administrative Chief Judge of…
Ex-PDP govs committed to rebuilding party, says Saraki
THE Chairman of the National Reconciliation and Strategy Committee of the Peoples Democratic Party, Dr. Bukola Saraki, has said the meeting held with former Governors and Deputy Governors elected on…
STOP HOARDING PETROL OR FACE SANCTIONS, DPR WARNS DEPOTS
The Department of Petroleum Resources has warned fuel depot owners against hoarding petroleum products in their facilities, saying it would sanction erring operators. The Director, DPR, Sarki Auwalu, issued the…
Experts blame insecurity as inflation hits record 16.47%
Despite the opening of the country’s borders, the composite food index rose by 20.57 per cent in January 2021 from 19.56 per cent in December 2020. This accounted for the…
CBN’s fight against inflation failing, say economic experts
Economic analysts on Tuesday said the continued rise in the rate of inflation across the country showed that the fight against inflation by the Central Bank of Nigeria was failing.…
FG subsidises electricity by N50bn monthly, says minister
The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister of Power, Sale Mamman, has said. He said the subsidy…
Marketers raise petrol price to N170, depots suffer shortage
Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states…














