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NLNG puts LPG supply into Nigerian market at 500,000 metric tons
Nigeria LNG Limited (NLNG) has noted reports indicating that it supplies 1.5 million metric tons of Liquified Petroleum Gas (LPG) to the Nigerian domestic market. NLNG would like to clarify that it annually provides close to 500,000 metric tons of LPG to meet market demands. This is in pursuit of…
Read More »Reps summon CBN Governor over alleged revenue leakages
Nigeria’s House of Representatives Public Account Committee (PAC) has summoned the Central Bank of Nigeria (CBN) Governor, Mr Olayemi Cardoso to appear before it on or before Tuesday, March 5, or face arrest warrant. Rep. Bamidele Salam, the chairman of the committee said this in Abuja on Tuesday at the…
Read More »CBN’s MPC raises interest rate by 400 basis points to 22.75%
Story by: Abiodun Folarin The Monetary Policy committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday increased interest rate- the Monetary Policy Rate (MPR) by 400 basis points from 18.75 per cent to 22.75% saying that the hike in policy rate will help tame inflation pressure. The…
Read More »CBN approves $20,000 for BDCs to meet demands
The Central Bank of Nigeria (CBN) on Tuesday approved allocation of 20,000 dollars to all eligible Bureau De Change (BDC) operators across the country as part of its on-going reforms. Dr Hassan Mahmud, Director, Trade and Exchange Department, CBN, in a circular, said the move was aimed at tackling distortions…
Read More »IOC’s Divestment: We Facilitate, Not Hinder Process – NNPC Ltd
The Nigerian National Petroleum Company Limited (NNPC Ltd), as the largest partner to all the oil producing companies in Nigeria, has assured that its role in the divestment of the International Oil Companies from onshore and shallow water assets in the country is that of a facilitator, and not an…
Read More »Senate commend NASENI on accelerated technology transfer
The Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation, tricycles, electric motorbikes and others with accelerated technology transfer. The Chairman, Senate Committee on NASENI Senator Ezenwa Francis Onyewuchi who led other members of the…
Read More »Acquire Skills, NYSC DG tells Corps Member
Corps Members have been advised to utilize the opportunities of the service year to acquire skills through the NYSC Entrepreneurship Development programme and become employers of labour instead of searching for the unavailable salaried jobs. The Director General of National Youth Service Corps, Brigadier General YD Ahmed gave this advise…
Read More »Nigeria: ONSA, CBN declare war on forex speculators
The Office of the National Security Adviser (ONSA) and the Central Bank of Nigeria (CBN) are joining forces to address challenges impacting the nation’s economic stability. This is contained in a statement by the Head, Strategic Communication at ONSA, Mr Zakari Mijinyawa, on Tuesday in Abuja. Mijinyawa said the recent…
Read More »NCC drops hint of 6G deployment, prospect of 7G
The Nigerian Communication Commission (NCC) has called for collaboration, innovation and proactive action to mitigate emerging risks ahead of 6G deployment. Dr Aminu Maida, the Executive Vice Chairman of NCC, said this on Tuesday during a two-day Telecoms Industry Risk Management conference, held in Lagos with the theme, “Evolution and…
Read More »NNPC Chief Mele Kyari Highlights Energy Security’s Role in Wealth Creation
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Mele Kyari, says no public wealth creation endeavour can achieve any meaningful success without energy security. The GCEO stated this in a presentation at the Ministry of Finance Incorporated (MOFI) Public Wealth Management Conference which…
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