BUSINESS
We Will Normalize Distribution Of PMS, Inject 2.1bn Liters By Month End – NNPC GMD
Group Managing Director, GMD of the Nigerian National Petroleum Corporation NNPC, Mr. Mele Kyari has said that distribution of Premium Motor Spirit, PMS, otherwise...
FG Earmarks N2.55tr For Subsidy In Supplementary Budget
President Muhammadu Buhari has earmarked N2.55trillion for fuel subsidy in the 2022 Supplementary Appropriation Bill transmitted to the National Assembly for consideration and approval. The...
Fuel Sells For N400/litre In Abuja, Others, Scarcity Persists In Lagos
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity selling for as high as N400...
MTN Pays $253.86m Balance To NCC For 5G Licence
MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth-generation (5G) licence fee to the Federal Government before the February...
Selling Forex To Banks To End In 2022 – CBN
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the...
Oil Wasn’t Developed With Money From Cocoa, Says Bayelsa Governor
Bayelsa State Governor Duoye Diri has explained that oil wasn’t developed in Nigeria by money made from cocoa farming but money invested by international...
FG Confirms Supply Of Adulterated Fuel
The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday said adulterated petrol, fuel with methanol quantities above Nigeria’s specification,...
Stiffer Sanction Awaits Bankers Who Aid Fraud As Reps Set To Enact New Law
Bank employees who aid financial crimes may be in for stiffer penalties as the House of Representatives on Wednesday passed second reading a bill...
Bill Seeking Monthly Payment Of Rent In Abuja Passes Second Reading In Senate
The Nigerian Senate has passed a bill seeking to regulate rent payments in the Federal Capital Territory (FCT) Abuja for the second reading. ABN TV...
We Generated The Highest Revenue Of N6.4 Trn In 2021 — FIRS
The Federal Inland Revenue Service (FIRS) generated a record N6.4 trillion as revenue in 2021, the highest in its history. Last year's revenue collection exceeded...
