The Nigeria National Petroleum Corporation, NNPC, has explained why it pays ‘subsidy’ on petrol without appropriation from the National Assembly. Managing Director of the Petroleum Products Marketing Company, PPMC, an […]
Business
DMO Releases FGN Bond Issuance Calendar For Q1, 2018
The Debt Management Office released the FGN Bond Issuance Calendar for Q1, 2018 on Wednesday.
FG Releases N1.2trn For Capital Projects
The Federal Government has released a total N1.2 trillion to Ministries, Departments and Agencies (MDAs) of government for implementation of capital projects contained in the 2017 Appropriation Act.
Fuel Scarcity: Buhari’s Re-Introduction Of Subsidy A ‘Betrayal’
Speaker of House of Representatives, Mr Yakubu Dogara, has expressed frustration with the lingering fuel crisis, accusing the executive arm of “betrayal”. Dogara said coming after the government raised the […]
Court Awards $10 Million Damages In Favour Of Nigerian Firm Against Shoprite
After seven years of legal battle, a Lagos High Court, Igbosere, has awarded the sum of $10 million against South African retail giant, Shoprite Checkers (PTY) Limited and its business […]
NNPC Loses N900 Million Daily Selling Petrol At N145 – Ibe Kachikwu
The Minister of State For Petroleum Resources, Ibe Kachikwu, on Thursday said the Nigerian National Petroleum Corporation, NNPC, has incurred a cumulative loss of N85.5 billion in importing petrol and […]
No Plan To Increase Fuel Price To N180 – FG
The federal government has denied plans to increase price of Premium Motor Spirit (PMS), popularly called petrol to a minimum price of N180 This was contained in a statement issued […]
Debut Sovereign Green Bond Oversubscribed
In a Statement released recently, the Debt Management Office (DMO) has announced that the debut Sovereign Green Bond offered to the general public in December, 2017 was very well received […]
Senate Blames NNPC, Marketers For Fuel Scarcity
The Senate Committee on Petroleum Downstream has blamed the Nigeria National Petroleum Corporation (NNPC) and marketers for the ongoing short supply of the petroleum products in the country. The Committee […]
Innoson CEO Sues EFCC For N200bn For ‘Defamation, Falsehood’
Innocent Chukwuma, CEO of Innoson Nigeria Limited, has filed a N200 billion lawsuit against the Economic and Financial Crimes Commission (EFCC). According to a statement shared with TheCable, the lawsuit […]
