Within a space of two months, the amount that was spent by the Nigerian National Petroleum Corporation in subsidising Premium Motor Spirit, popularly known as petrol, rose by over 1,174…
Read More Fuel subsidy hits N206.6bn in two monthsCategory: Economy
FAAC: FG, States, LGs share N762.5bn in June
The Federal Government, States and Local Government Areas (LGAs) shared N762.5 billion as federal allocation for the month of June. Mr Ahmed Idris, the Accountant-General of the Federation (AGF), said…
Read More FAAC: FG, States, LGs share N762.5bn in June
AMCON’s intervention catalyst to economic stability – Kuru
Mr Ahmed Kuru, the Managing Director of Asset Management Corporation of Nigeria (AMCON), says its financial intervention across sectors assisted to maintain economic stability and saved 15,000 jobs. Kuru said…
Read More AMCON’s intervention catalyst to economic stability – Kuru
NNPC signs $3.15bn financing for OML 13
Ebun Francis| The Nigerian National Petroleum Corporation (NNPC) has signed a 3.15 billion dollars Financing and Technical Services Agreement between Sterling Oil Exploration and other partners for the development of…
Read More NNPC signs $3.15bn financing for OML 13
CBN plans to restrict forex for milk importation
Ebun Francis| The Central Bank of Nigeria plans to restrict foreign exchange for the importation of milk, the apex bank governor, Godwin Emefiele has confirmed. Emefiele made the disclosure on…
Read More CBN plans to restrict forex for milk importation