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Economy

Fuel Scarcity Looms In Abia As IPMAN Crisis Continues

The leadership crisis rocking the Independent Petroleum Marketers Association of Nigeria APMAN, Aba Branch may snowball into fuel crisis in Abia State and environs,...

Petroleum Marketers Decry Non-Payment Of N120 Billion Subsidy Claims

Marketers of petroleum products have decried the non-payment of N120 billion arrears of subsidy to its members, stressing that under the Petroleum Support Fund...

Only 33% Of Nigerians Are Poor – World Bank

Going by the statistics released to journalists yesterday in Abuja by the  World Bank, only 55.9 million Nigerians (about 33.1 per cent of the...

NNPC To Go Into Oil Bunkering In October

The Nigeria National Petroleum Corporation (NNPC) said it had concluded plans to go into oil bunkering business to boost its profitability in line with...

Nigeria Loses Over N15 Billion Annually By Signing BASA – Chairman AON

The Executive chairman of Airline Operators of Nigeria (AON), Captain Nogie Meggison, said Nigeria has lost the fortunes it would have made, estimated to...

Senate Delibrates On Report That Clears NNPC Of Sanusi’s ‘Missing $49 Billion’ Allegation (DETAILS)

Almost six weeks after the Senate Committee on Finance submitted its report on the allegation made by the former Governor of the Central Bank...

BPE, NCP Ask Court To Refuse Request By Ethiope Energy To Stop Power Stations’ Privatisation

The Bureau for Public Enterprises (BPE) and the National Council on Privatisation (NCP) have asked a Federal High Court in Abuja to refuse an...

‘Nigeria Loses N320 Billion To Gas Flaring Annually’

NAN -  Nigeria loses not less than two billion dollars (approximately N320 billion) to gas flaring annually, Mr Nnimmo Bassey, an environmentalist has said. Bassey,...

FG Cuts Down Fuel Importation Allocations

The Federal   Government has reduced the number of companies licensed to import gasoline in the third quarter to 27 from 40 in the previous...

CBN Cashless Policy Takes Off Nationwide

The cashless policy, an initiative of the Central Bank of Nigeria (CBN) and the Bankers’ Committee aimed at reducing the amount of cash in...

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