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Business & Economy
Fayemi breaks silence on EFCC probe into N4bn fraud
In an effort to allay Nigerians' concerns, Group Chief Executive Officer of Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, stated yesterday that the current high price of petrol will crash in a very short period…
Residents complain as petrol costs N700 in Anambra
On Tuesday, as residents resorted to panic buying, the cost of Premium Motor Spirit, also known as petrol, rose to as much as N700 per litre in some areas of Anambra State.
This follows President Bola Tinubu's Monday inauguration speech…
NNPCL supports removal of fuel subsidy, promises to maintain product availability
The Nigerian National Petroleum Company Limited (NNPCL) has praised the Federal Government's decision to eliminate subsidies on Premium Motor Spirit (PMS), also known as Petrol.
President Bola Tinubu announced the elimination of fuel…
Inauguration: Fuel Subsidy is gone – Tinubu
President Bola Ahmed Tinubu has declared an end to the payment of subsidies on fuel.
Tinubu announced this on Monday while delivering his inaugural speech after being sworn in as Nigeria’s 16th President at the Eagle Square in Abuja,…
Reps agree with Senate, raise cap on CBN loans
The Central Bank of Nigeria Act has been amended, with the approval of the House of Representatives, to increase the maximum amount of Ways and Means advances from the top bank from 5 to 15%.
The consent was given by the House during a…
Naira redesign: Invite Emefiele for questioning, Adeyemi tells Tinubu
Smart Adeyemi, a senator for Kogi West, has urged the incoming administration to look into the circumstances surrounding the naira redesign policy.
Adeyemi specifically urged Bola Tinubu, the president-elect, to see to it that CBN…
African subsidiaries contribute 50% to UBA’s earnings – CEO
As a result of their significant contributions to the group's profit margin, United Bank for Africa Plc has stated that all of its African subsidiaries are now on solid ground.
The bank's activities in Africa have specifically…
FEC approves WEE policy for optimal growth
An empowerment strategy for women in the nation has been approved by the Federal Executive Council.
The new policy, known as WEE, was revealed to State House correspondents on Wednesday in Abuja by the Minister of Women Affairs, Mrs.…
Oando Clean Energy Limited, LAMATA, introduce electric mass transit buses, in Lagos
As a result of the launch of the Electric-Mass Tansit buses by Oando Clean Energy Limited and the Lagos Metropolitan Area Transport Authority, LAMATA, Lagos has joined the list of cities around the world that have embraced electric…
FG funds N’Delta ex-agitators cooperative scheme with N1.5bn
On Wednesday, the Interim Administrator of the Presidential Amnesty Programme, Major General Barry Ndiomu (ret.), announced that the Federal Government has contributed N1.5 billion to support a cooperative scheme for 30,000 former agitators…