Economy

Plateau PDP berates Lalong’s govt over World bank’s exclusion of Plateau in N43.4 bn grants

he Peoples Democratic Party in Plateau state has said that the exclusion of Plateau state in the N43.4 bn World bank grants shared among other states has vindicated it’s claim that Governor Simon Lalong has been running a corrupt and incompetent administration. Jay FM reports that the Minister of Finance, Budget and National Planning, Zainab Ahmed, …

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Petroleum Products Pricing Regulatory Agency said on Monday Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place.

Petroleum Products Pricing Regulatory Agency said on Monday Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place. The PPPRA is also engaging with the Central Bank of Nigeria to determine the applicable foreign exchange rates for the importation of petroleum products by oil marketers. …

Petroleum Products Pricing Regulatory Agency said on Monday Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place. Read More »

CBN lifts suspension on cheques’ clearing

he Central Bank of Nigeria CBN, has lifted suspension on cheque clearing by the Deposit Money Banks. It stated this in a circular to all the DMBs and Nigeria Inter-Bank Settlement System issued on Monday, titled, ‘Temporary suspension of cheque clearing in the Nigerian clearing system’, which was signed by its Director, Banking Services Department, Sam Okojere. …

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Former Minister of Finance, Ngozi Okonjo-Iweala, has called for the restructuring of Nigeria’s Economy

Former Minister of Finance, Ngozi Okonjo-Iweala, has called for the restructuring of Nigeria’s economy in the face of dwindling oil prices.  Okonjo-Iweala gave the advice on Thursday when she appeared on Channels TV.  According to her, Nigeria and other African countries must look at other sources of revenue to cushion the economic impact of dwindling oil …

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The Presidents of ECOWAS countries are calling for the cancellation of all debts owed by African countries.

The Presidents of ECOWAS countries are calling for the cancellation of all debts owed by African countries. They made the call on Thursday at the opening session of the ECOWAS Extraordinary Summit where the leaders made their various contributions via a video conference call. The teleconference, which had President Muhammadu Buhari in attendance, was presided …

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Coronavirus: Don’t extend lockdown, NLC tells FG

The Nigeria Labour Congress has called on the Federal Government not to extend the lockdown order on COVID-19, warning that doing so might cause social unrest in the affected states and the Federal Capital Territory. In a letter addressed to the chairman of the Presidential Task Force on COVID-19 and dated April 14, 2020, which was …

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Nigeria’s January Crude Oil Export Sales Jump Despite Spike In Pipeline Vandalism

Latest report from the Nigerian National Petroleum Corporation (NNPC) shows that Nigeria recorded an increase in the export sale of crude oil and gas at $434.85 million in January 2020. This is a phenomenal 94.30% increase when compared to the December 2019 figures, monthly Financial and Operations Report said on Wednesday. A statement by the …

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