Bank loans to govt rise to N16.32tn – CBN
The total net credit by the Nigerian banking sector to the government rose by N2.2tn in the first quarter ended March 2022 to N16.32tn. Figures obtained from the Central Bank…
Nigeria, 10 ECOWAS countries in debt distress – Report
A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa has disclosed that Nigeria and 10 other Economic Community of West African States…
Reps kick as Kyari keeps mum on oil swap deal
THE Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, finally appeared before the House of Representatives’ Ad Hoc Committee on the State of Refineries…
Afolabi becomes SIFAX Group new board chairman
The board of SIFAX Group has announced the appointment of Dr Taiwo Afolabi as the new board chairman of the company. In a statement, the Group Head, Corporate Communications, SIFAX…
N1.8bn debt: AMCON takes over Aeroland Travels’ assets
THE Asset Management Corporation of Nigeria said it had taken over assets belonging to Aeroland Travels Limited, and its directors over indebtedness of N1.8bn. A statement from AMCON spokesperson, Jude…
Jet-A1: NNPC, airlines agree on three-month supply at N480/litre
The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline…
Black marketers sell petrol N300/litre as queues persist in Abuja
Fuel queues persisted in the Federal Capital Territory on Monday as filling stations struggled to control desperate drivers waiting to buy the Premium Motor Spirit, PMS, at the official price.…
Aviation workers commence two-day warning strike
The workers of some agencies under the Ministry of Aviation have started a two-day warning strike from Monday to Tuesday due to unresolved conditions of service. The Chairman, FCT National…
Naira loses to dollar, closes at 419
The Naira on Monday depreciated at the Investors and Exporters window, exchanging at N419 to the dollar, a 0.48 per cent depreciation, weaker than N417 it traded on Friday. The…
NNPC links fuel queues to Sallah celebrations
The Nigerian National Petroleum Corporation has ascribed the re-appearance of fuel queues in parts of Abuja to low loadouts and increased purchases that characterise post-holiday and post-Eid periods Most filling…
ASUU extends strike by 12 weeks
The Academic Staff Union of Universities has extended its ongoing strike for another 12 weeks. A statement signed by ASUU president, Prof. Emmanuel Osodeke, said this was to give the…
Naira slumps to N595/dollar amid forex shortage
THE naira slumped further and exchanged to the dollar at 595 on Friday at the parallel market. Some Bureau de Change operators who spoke with our correspondent said the dollar…
