The Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2. The currency exchanged at N468 to the dollar as against N470 it traded…
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Category: Economy
30% of forex spent on fuel import – Adeosun
Ebun Francis About 30% of Nigeria’s forex spending is for the importation of premium motor spirit(fuel) according Mrs Kemi Adeosun, the minister of finance. The minister disclosed this in Lagos at…
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Our refineries are obsolete, cannot attract investors presently -Kachikwu
Chidi Samuel The minister of state for petroleum resources, Dr Ibe Kachikwu Thursday disclosed that Nigerian refineries are obsolete and therefore incapable of attracting investors. The minister made this disclosure…
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FG has no plan to hike fuel price -NNPC
The Nigerian National Petroleum Corporation (NNPC) Tuesday refuted claims that the Federal Government plans to increase petrol price from the N145 per litre ceiling. The Group General Manager, Group Public Affairs…
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Buhari seeks approval to borrow $30bn from Nat Assembly
Ebun Francis President Muhammadu Buhari has sent a letter to the two chambers of the National assembly asking them to approve his administration’s external borrowing plan of $29.960bn for the…
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