Nigeria’s Debt Profile Hits N32.92trn
The National Bureau of Statistics (NBS),says public debt portfolio as at Dec. 31, 2020, stood at N32.92 trillion, the National Bureau of Statistics (NBS) reveals. The current debt profile was for the
Suggestions
CAC Drags 263 Fake Firms To EFCC, Hands 3 Staff To ICPC For Corruption
The Corporate Affairs Commission (CAC), has forwarded 263 suspected fake company registrations to the Economic and Financial Crimes Commission (EFCC) for investigation and possible prosecution. Besides, the Commission has handed over three
Nigeria, Others Propel Africa’s Oil, Gas Investment To $50B
Africa expects to attract between $48 billion and $50 billion energy investment from the $520 billion projected in worldwide capital investment this year, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs. Oritsemeyiwa Eyesan, has
Power Crisis: Reps Probe Gas Supply Shortages To GenCos
The House of Representatives Ad-hoc Committee investigating power sector reforms and expenditure between 2006 and 2024 has constituted a seven-man sub-committee to conduct a forensic audit of gas supplied to power plants
CBN Approves $150k Weekly Forex Sale To BDCs
The Central Bank of Nigeria (CBN) has authorized the participation of licensed Bureau De Change (BDC) operators in the Nigerian Foreign Exchange Market (NFEM) in order to improve foreign exchange liquidity in
Dangote Drops Petrol Price To N774/ Litre
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit by N25 per litre,slashing its ex-depot/gantry rate from N799 to N774 per litre. The refinery conveyed the price slash to marketers
Court Freezes Osun LG Funds in UBA, Upholds Arrest Order For Bank Staff
A Magistrate Court sitting in Osogbo, Osun State, has barred the United Bank for Africa (UBA) from releasing or handling local government funds on behalf of individuals identified as members of the
Ramadan Split: Oyo Muslims Defy Yoruba Leaders, Align With Sultan
The Grand Chief Imam of Oyo Land, Sheikh (Barrister) Bilal Husayn Akinola Akeugberu, has reaffirmed the commitment of Muslims in Oyoland to follow the leadership of the Sultan of Sokoto on all
DSS Leads Investigation Into Obaseki Assault
The Department of State Services (DSS), has taken over the investigation into the attack and abduction of Dr. Pedro Obaseki in Benin City on December 28, last year. The latest action follows
$1.5bn Failure Proves Privatization Is Only Solution, Atiku Tells NNPCL
Former Vice President Atiku Abubakar has said that decisive privatisation remains the most viable option for ending decades of waste and inefficiency in the country’s refining sector. He gave the advice while
Kogi Fraud: How ₦10B Was Allegedly Used To Buy Properties In Abuja-Witness
An operative of the Economic and Financial Crimes Commission, EFCC and Deputy Superintendent of the EFCC, DCE Ahmed Audu Abubakar, on Monday, told Justice James Omotosho of the Federal High Court, Maitama,
