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Petrol Subsidy Removal Not Immediate

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I’m Coming With Palliatives To Put Smiles On Your Faces — Tinubu To Nigerians

The removal of petrol subsidy will no longer be immediate, ABN TV gathered authoritatively last night. Recall that President Bola Ahmed Tinubu had said in his inauguration speech Monday that the subsidy was gone, as it was not provided for in the 2023 budget. But sources told ABN TV yesterday that implementation of the removal of subsidy would commence post-June. The need...

CBN Sacks Directors Of First Bank Holdings And First Bank Plc

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The Central Bank of Nigeria (CBN) has just removed all the directors of First Bank of Nigeria Plc and those of First Bank Holding Company. Those sacked included Chairman of First Bank, Chief (Mrs) Ibukun Awosika, and the Chairman of First Bank Holding, Mr. Oba Otudeko. READ ALSO: Ikpeazu Moves To Criminalise Open Defecation, Signs Into Law Abia State Water Bill Details...

Dangote’s Refinery Is Game-Changer For Nigeria, Africa – Akinwumi Adesina

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President of the African Development Bank (AfDB) Akinwumi Adesina has described the Dangote Refinery and Petrochemical Plant projects as a “game-changing initiative” that will spur development and deepen regional integration. Adesina said this after a tour of the crude oil refinery and petrochemical production plant owned by Dangote Industries Limited on Saturday. “I was very impressed with Dangote’s refinery and petrochemical...

Naira Plunges To 475 As Dollar Demand Rises

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The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell to 470 per dollar on Friday from 468 on Thursday. The naira was trading at 462-463 at the unofficial market at the...

Have Faith In My Father, Seyi Tinubu Tells Nigerians As Hardship Bites Harder

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Seyi, eldest son of President Bola Tinubu, has urged Nigerians to endure the economic hardship being witnessed in the country. Nigerians have been complaining bitterly about the high cost of living, food inflation and hardship in the nation. In a post via Instagram on Monday, the president’s son, who was actively involved in the election campaign, recalled the president’s statement from...

Bailey Bridge Ohafia Shuts Down Midnight Monday For Maintenance

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Member representing Arochukwu/Ohafia federal constituency, Hon. Uko Nkole has announced the closure of Bailey bridge located along Ohafia -ABAM for maintenance starting from midnight of today monday 01/03/2021. This is contained in a statement issued by Ibem Onwuka, Media Assistant to the House of Representatives member. This is to enable the authorities carry out a repair work on the collapsed bridge. All...

Fuel Scarcity Worsens, Abuja Black Marketeers Sell N350/Litre

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Fuel Scarcity Worsens, Abuja Black Marketeers Sell N350/Litre

The lingering fuel scarcity worsened in some parts of the country with motorists buying petrol between N300 and N350-litre in Abuja on Monday. Some Abuja residents, who spoke with our correspondent, lamented the spike in the price of PMS as well as t...

Nigeria Air Set To Commence Operations By April 2022

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The proposed national carrier will begin a flight in April next year, the Minister of Aviation, Hadi Sirika, has said. The development came three years after the Federal Government announced plans to establish a new national carrier, following the liquidation of Nigerian Airways in 2003. At the end of a virtual Federal Executive Council meeting presided over by the Presiden Muhammadu...

FG earned N5.04tn from oil in 11 months – CBN

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Between January and November last year, the Federal Government made about N5.04tn from the sale of oil, figures obtained from the Central Bank of Nigeria have revealed. The oil revenue, according to the CBN economic report for November, was lower than the N8.77tn revenue target provided for in the 2019 budget for the 11-month period. A breakdown of the N5.04tn oil...

MultiChoice Slashes Price On DStv, GOtv Decoders

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MultiChoice Nigeria has announced a price slash on its DStv and GOtv decoders from Monday, February 1, 2021. The price slash will see the DStv HD decoder, dish kit with Compact package subscription drop from N18,600 to N9,900 on Confam package, while GOtv decoder, GOtennae with GOtv Jolli package subscription will go from N8,400 to N6,900. Speaking at a virtual media...

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