Oil theft affecting govt finances, naira stability –MPC member
Massive oil theft, among other challenges, is affecting government finances and threatening naira stability. The Central Bank of Nigeria disclosed this in a report by a member of the Monetary…
National grid collapsed twice to 10MW, 33MW last week – FG report
The collapse of Nigeria’s electricity grid actually occurred twice - on Friday and Saturday last week despite concerted efforts to stabilise the power system, a Federal Government report seen in…
Over 5,000 debtors owe 10 FG agencies N4.67tn – Minister
The Federal Government has disclosed that over 5,000 debtors currently owe its agencies about N4.67tn. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who made the disclosure on…
Aggrieved customers petition banks over N546bn wrong charges, others
No fewer than 2,256 depositors have lodged complaints on transactions totalling N368.9bn and $428.7m (N177.05bn) on their accounts against their banks with the Chartered Institute of Bankers of Nigeria. The…
‘Why NIMASA may not be blamed for gunboat disaster’
A former President of the National Association of Master Mariners, Captain Adewale Ishola, says the Nigerian Maritime Administration and Safety Agency may not be held responsible for the sinking of…
Firm restates commitment to tackling housing deficit
A real estate firm, the Address Homes, has restated its resolve towards tackling Nigeria’s housing deficit by providing affordable homes that meet the benchmark of modern real estate development. Chairman/CEO…
Insurance, pension operators urged to meet customers’ needs
Operators in the insurance and pension sectors have been urged to provide enhanced services to the customers and quickly resolve their complaints to ensure growth and confidence in the sectors.…
Grid collapse: Group demands audit of power sector under Buhari
Civil rights advocacy group, Human Rights Writers Association of Nigeria, on Sunday, said it is disturbing that under the watch of the President, Major General Muhammadu Buhari (retd.), the national…
Blackout as national grid collapse third time in one month
The national electricity grid collapsed again on Friday evening, making it the third time the grid had collapsed within the space of one month. Some power distribution companies confirmed the…
FG begins dry season wheat harvest, targets 1,000MT
The Federal Government has commenced the harvesting of wheat from its first dry season wheat farm in Papa community, Nafada Local Government Area, Gombe State. It said about 1,000 metric…
CBN, others partner to close infrastructure deficit, raise $37bn
The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the Infrastructure Corporation of Nigeria is signing an agreement with some public and private sector partners to raise funds to…
Four banks record 477,405 unresolved complaints in 12 months –Reports
Within a period of one year spanning January 1 to December 31, 2020, four top banks in Nigeria recorded a total of 477,405 unresolved customer complaints. The banks are Zenith,…
