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…
Read More 30% of forex spent on fuel import – Adeosun
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…
Read More Our refineries are obsolete, cannot attract investors presently -Kachikwu
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…
Read More FG has no plan to hike fuel price -NNPC
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…
Read More Buhari seeks approval to borrow $30bn from Nat Assembly
Muhammad Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the naira, at 300 to a dollar, needs no fresh devaluation, he told…
Read More Sanusi: At N300/dollar, no need for fresh devaluation
