Petrol landing cost jumps to N186, oil hits $64
Against the backdrop of the rising price of oil prices, the landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre. We had exclusively…
Individuals can build, maintain highways, says FG
Under the new Highway Development and Management Initiative of the Federal Government, private individuals will be permitted to build, operate or maintain assets on some federal highways that are up…
Nigeria has $5.83bn undisbursed foreign loans – DMO
Nigeria has more than $5.83bn foreign loans that have been approved but not yet disbursed, the Debt Management Office has said. The DMO on its portal on Sunday listed a…
Insurance sector’s assets hit N1.82tn on recapitalisation deadline
The insurance sector’s assets rose by N410bn in one year as the industry attracted new investors. Despite the impact of COVID-19 pandemic on the economy, the insurance industry attracted some…
IPMAN BLAMES INCREASE IN PETROL PRICE IN S’EAST ON SHORTAGE OF SUPPLY
The Independent Petroleum Marketers Association of Nigeria IPMAN, says the current increase in the pump price of petrol in the Southeastern part of Nigeria is because of a shortage in…
Investors lose N130bn as 30 stocks slump
Investors in the nation’s stock market lost N130bn on Thursday as 30 firms saw their share prices decline at the end of trading. The Nigerian Stock Exchange All-Share Index fell…
FG inaugurates committee to standardise Nigeria’s agric exports
The Federal Government on Thursday inaugurated the Inter-Ministerial Technical Committee on Zero Reject of Agricultural Commodities and Produce/Non-Oil Exports from Nigeria. It said the move would ensure the standardisation of…
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…














