We’ll quash anti-market, industry policies, says Gbajabiamila

The Speaker of the House of Representatives, Femi Gbajabiamila, has said the parliament will prioritise bills that will engender economic growth and remove policies that prevent Nigerians from exploring new…

HOUSE OF REPRESENTATIVES STEPS DOWN MOTION MOVED BY DEPUTY MINORITY LEADER TO INCORPORATE 2014 NATIONAL CONFERENCE REPORT FOR CONSTITUTIONAL AMENDMENT

As Deputy Speaker promise to obtain the documents The House of Representatives Wednesday stepped a motion to obtain the report of the 2014 National Conference so as to incorporate it…

NNPC, others risk losing $400bn amid climate goals – Report

Twenty per cent of anticipated investments in the oil and gas sector by state-owned oil companies, including the Nigerian National Petroleum Corporation, are economically unviable if global warming is to…

Investors lose N426bn as 37 stocks post decline

Investors in the nation’s stock market lost N426bn on Wednesday as 37 firms recorded price decline. The market extended its losing streak to the eighth straight trading session amid negative…

Nigeria loses N189.90bn to gas flaring in 11 months

Nigeria lost an estimated N189.90bn from January to November 2020 as international oil companies and local players flared a total of 178.95 billion standard cubic feet of natural gas. The…

Fiscal deficit rose to N620.49bn in November – CBN

The Federal Governments’ fiscal deficit rose by N208.14bn to N620.49bn as of the end of November from N421.35bn at the end of October. The Central Bank of Nigeria disclosed this…

Again, Emirates Airlines suspends flights from Nigeria

Emirates Airlines has suspended flights from Nigeria to Dubai for two weeks, until February 28 2021. It said travellers from both Abuja and Lagos would not be accepted for travel…

Fuel scarcity looms as marketers disrupt fuel loading

Members of the Independent Petroleum Marketers Association of Nigeria on Wednesday disrupted loading of petroleum products at private depots in Apapa as well as Ibadan, Ejigbo and Mosimi depots belonging…

FG plans more borrowing from domestic sources

The Federal Executive Council at its meeting on Wednesday approved a new Medium-Term Debt Management Strategy for Nigeria, for the period of 2020 to 2023. The strategy allows the government…

CBN instructs banks to accept permissible IDs for refugees

The Central Bank of Nigeria has ordered banks and other financial institutions to accept Machine Readable Convention Travel Document issued by Nigeria Immigration Service; and the Refugee Identify Card issued…