By our reporter/ The Nigerian National Petroleum Corporation (NNPC) will cease to exist within the next six months as specified by the Petroleum Industry Act (PIA) signed into law by…
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Category: Business
FG spent N2trn on debt servicing in six months – Zainab Ahmed
The federal government says it spent N2.02 trillion on debt servicing within the first six months of 2021 (January-June). The figure represents 90.6 percent of the retained revenue of N2.23…
Read More FG spent N2trn on debt servicing in six months – Zainab Ahmed
Petroleum Industry Bill signed into law by President Buhari
By our reporter/ President Muhammadu Buhari on Monday signed into law the Petroleum Industry Bill 2021. Presidential spokesman, Femi Adesina who made the disclosure in a statement, said President Buhari…
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CBN: Nigeria’s inflation rate may drop to single-digit by 2022
By our reporter/ The country’s inflation rate may drop to 13 percent this year and single-digit by 2022, the Central Bank of Nigeria (CBN) has said. The apex banks director…
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Again, Sanusi calls for removal of subsidy, says measure not sustainable
By our reporter/ Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido has again called for the removal of subsidy on petroleum products. The dethroned Emir of Kano…
Read More Again, Sanusi calls for removal of subsidy, says measure not sustainable