BUSINESS
Emefiele: Tinubu Orders Probe Into Activities Of CBN
President Bola Tinubu has appointed a special investigator Jim Osayande to probe the Central Bank of Nigeria (CBN) and Related Activities. This was contained in a letter signed by the President and addressed to Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN). “In accordance with the fundamental objective set forth in Section 15(5) of the Constitution...
Ogun To Commence Payment Of N10,000 Palliatives July To Cushion Fuel Subsidy Removal
Governor Dapo Abiodun of Ogun state, has revealed the state government will begin the distribution of a cash palliative of N10,000 to public servants in the state to cushion the impact of the removal of fuel subsidy, with effect from July. Abiodun disclosed this in an interview, monitored by our correspondent, on Channels Television on Tuesday evening. The governor noted that...
Excitement As Ahmed Musa’s Petrol Station In Kano Drops Pump Price To N620
Super Eagles Skipper, Ahmed Musa, has announced the reduction of the price of Premium Motor Spirit at his fueling station, MYCA7 in Kano from N620 to N580 per litre. The professional footballer disclosed this on his verified Twitter page. Musa wrote: “Fuel #580 @MYCA -7 Filling Station Kano. 🏃♀️🏃♀️,” sparking excitement among Nigerians. One Twitter user, Scala @lakaas123, excitedly enquired “How manage...
Palliatives: N8,000 Lots Of Money, Says Nasarawa Governor Sule
The Governor of Nasarawa State, Abdullahi Sule, says he disagrees with those arguing that the proposed N8,000 palliative by the Federal Government won’t do much to cushion the effects of the removal of fuel subsidy on poor Nigerians. The governor, who was a guest on Channels Television’s Politics Today on Friday, insisted that N8,000 is a lot of money for...
Amidst ‘Japa’, FG Partners US On Direct Flight To Texas
Despite the growing desire among youths to leave the shores of Nigeria to overseas in search of greener pasture, codenamed "japa", the Federal Ministry of Aviation and Aerospace says it will collaborate with the United States on direct flight to Houston, Texas. The Permanent Secretary, Dr Emmanuel Meribole, made the promise during a visit to the Ministry by a delegation...
We Can’t Bear It Anymore, Kaduna Residents Weep After Petroleum Price Increase
The price of Premium Motor Spirit (PMS) popularly known as petrol have gone up across Nigeria and residents of Kaduna are not finding it funny, saying that the situation “is becoming unbearable”. The increase in petrol price took Nigerians by surprise on Tuesday with many petrol stations including those of the Nigeria National Petroleum Company Limited (NNPCL) adjusting their pump...
Markets Forces At Play, NNPC Says After Increasing Fuel Pump Price To N617
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has attributed the increase in petrol pump price from N540 to N617 per litre to market forces. He spoke with State House reporters on Tuesday after a meeting with Vice President Kashim Shettima at the Presidential Villa Abuja. Kyari said the increase was not based...
NNPCL Reveals Why Pump Price Increased To N617/litre
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, has attributed the rise in petrol pump prices in Nigeria to market forces. This follows a recent price increase from N540 to N617 per litre, which he said reflects the dynamics of a market-regulated pricing model. Addressing journalists after a closed-door meeting with Vice President Kashim...
Marketers Adjust Pumps As Fuel Price Hits N617/litre
The pump price of Premium Motor Spirit, popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil marketers confirmed the increase in the cost of the commodity, as they stated that any shift in price by NNPCL stations was an indication of a...
POS Operators Announce New Service Charges, N20,000 Withdrawal Now Attracts N800 Fee
A group of Point of Sales operators in Nigeria have protested against the increased service charges in the country which took effect on Monday. The Association of Mobile Money and Bank Agents in Nigeria announced new service charges for operators in June. The association had said the increase in service charges was to ensure Point of Sale operators survive. With the implementation...
