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Category: Economy

Business Economy headline

CBN releases $500m to clear more verified FX liabilities backlog

Iheanyi Ejiofor January 29, 2024 No Comments #CBN#FX backlog

The Central Bank of Nigeria (CBN) on Monday said it has released US$500 million to various sectors to further address the backlog of verified foreign exchange transactions. The Acting Director…

Read More CBN releases $500m to clear more verified FX liabilities backlog
Business Economy headline

Transparency: EITI rates NNPC ltd high in compliance

Iheanyi Ejiofor January 28, 2024 No Comments

…As Kyari Insists No Public Fund Withheld Global transparency body, Extractive Industries Transparency Initiative (EITI), has scored the Nigerian National Petroleum Company Limited (NNPC Ltd) very high in its latest…

Read More Transparency: EITI rates NNPC ltd high in compliance
Business Economy

Nigeria-Morrocco Gas Pipeline: FG, Morocco in talks to expedite project   

Iheanyi Ejiofor January 26, 2024 No Comments #Nigeria-Morrocco gas pipeline

In a bid to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with the Kingdom of Morocco.…

Read More Nigeria-Morrocco Gas Pipeline: FG, Morocco in talks to expedite project   
Business Economy headline

Atiku asks Tinubu to explain NNPC $3.3bn loan with $7bn interest

Iheanyi Ejiofor January 26, 2024 No Comments #Atiku#NNPC#Tinubu

Our reporter/ The presidential candidate of the Peoples Democratic Party (PDP) in the last general election, Atiku Abubakar on Thursday asked President Bola Tinubu to account for the Nigerian National…

Read More Atiku asks Tinubu to explain NNPC $3.3bn loan with $7bn interest
Business Economy

Shortfall in gas supply responsible for low power generation – TCN

Iheanyi Ejiofor January 25, 2024 No Comments #low power generation#TCN

Our reporter/ The Transmission Company of Nigeria (TCN) has blamed gas constraints on thermal generating companies for the drop in power supply nationwide. TCN General Manager of Public Affairs, Ndidi…

Read More Shortfall in gas supply responsible for low power generation – TCN

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