The National Bureau of Statistics (NBS) on Monday said Nigeria’s inflation rate declined marginally from 15.1 percent in January to 15.06 percent in February. The data is captured in the NBS consumer…
Read More Nigeria’s inflation rate drops to 15%
Category: Business
Rising fuel prices show consequences of poor planning – Peter Obi
Presidential hopeful of the African Democratic Congress (ADC), Mr. Peter Obi, has blamed Nigeria’s vulnerability to global economic shocks on the country’s failure to maintain strategic petroleum reserves. In a…
Read More Rising fuel prices show consequences of poor planning – Peter Obi
Again, Dangote refinery increases ex-gantry petrol price by N100 to N1,175/litre
The Dangote refinery has increased the ex-gantry price of its petrol to N1,175 per litre. Sources at the refinery told an online publication that the refinery increased the price by…
Read More Again, Dangote refinery increases ex-gantry petrol price by N100 to N1,175/litre
CBN directs banks to block loan defaulters from accessing credit facilities – Report
The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities. A large ticket obligor is a borrower (an individual…
Read More CBN directs banks to block loan defaulters from accessing credit facilities – Report
NMDPRA grants six permits for fuel importation to ensure Importation to market stability
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted import permits for petrol to six depot owners and petroleum marketers. Industry insiders view this as a strategic step…
Read More NMDPRA grants six permits for fuel importation to ensure Importation to market stability