Lagos blue line rail 90% completed – Sanwo-Olu
The Lagos State Governor, Mr. Babajide Sanwo-Olu, has said that works on both the Blue and Red line rails are at 90 per cent completion. This was made known in…
Digital banks not tackling financial crime –UK regulator
Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. According to CNBC, the Financial Conduct Authority published the findings…
Nigeria’s crude oil production rigs drop by 37.5%, says OPEC
The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to just 10 operational rigs in March 2022, the Organisation of Petroleum Exporting Countries has…
Fuel subsidy more beneficial to rich Nigerians – Financial expert
In this interview, the Executive Director, Cordros Capital, Femi Ademola, speaks on investment decisions, fuel subsidy and foreign direct investments into Nigeria Many low-income earners usually look for investment areas…
Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 – Report
Nigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim Bank of China in 2021, according to an analysis of data on actual external debt…
Beans, tomatoes, yam record 40% price hike –NBS
The average prices of food items in Nigeria recorded significant increases within a one-year period spanning between February 2021 and February 2022, data from the National Bureau of Statistics show.…
Uzodinma declares illegal refinery owner wanted as explosion kills many
No fewer than 100 people died on Friday night after an illegal refinery exploded at Abaezi forest in the Ohaji-Egbema Local Government Area of Imo State. Six vehicles were also…
Transcorp Power posts N74.3bn revenue as sector’s finances improve
Transcorp Power Limited, owner of the 972 megawatts capacity power plant in Ugheli, Delta State, has announced revenue growth of N74.3bn in 2021 following the recent improvements in the financial…
Funding hinders anti-corruption fight at ports, says ICPC
The Independent Corrupt Practices and Other Related Offences Commission has blamed limited funding for agency’s inability to effectively fight corruption at the nation’s ports. The anti-graft agency in a statement…
Why CBN can’t float exchange rate –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls and recommendations by the International Monetary Fund, the World Bank and other global financial institutions,…
Dangote Refinery’ll reduce import bill by 40% – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote Refinery will reduce Nigeria’s import bill on petroleum products and other commodities by 40 per cent. He said…
Reps allege cover-up on refineries, summon Sylva, Kyari
The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has summoned the Minister of State for Petroleum Resources, Timipre Sylva, and the Group Managing Director…
