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The Independent Petroleum Marketers Association of Nigeria, IPMAN has called on the Federal Government to make petroleum products available to the masses. The Chairman of Enugu Depot of IPMAN, Chinedu Anyaso, while speaking to newsmen on the high cost of fuel in the South East, explained that a litre of fuel sells for as high as N350 in some petrol stations in Anambra State, while some dispense at N300 which […]
The 9th Assembly has postponed the passage of the 2023 budget and Finance Bill until Wednesday, December 28th, 2022, citing some challenges in receiving the report from the appropriations committee. The President of the Senate Ahmed Lawan who made the announcements during plenary yesterday said that the appropriations bill came to the National Assembly from the executive with some problems and when the committee came to reconcile the figures, the […]
The Governor of the Central Bank of Nigeria CBN, GODWIN Emefiele, has said that a total of 500 million units of the newly redesigned currency notes were ordered from the minting company following complaints by the banking public that banks are not dispensing enough of the redesigned Naira notes. Emefiele yesterday spoke through the deputy governor of the apex bank in charge of the Financial System Stability at the CBN, […]
The Central Bank of Nigeria CBN has revised cash withdrawal limits to 500, 000 Naira and 5 million Naira for individuals and corporate accounts respectively, while it also reviewed downward, the stipulated percentage cost for withdrawals above the stipulated limits. The Director of Banking Supervision of CBN, Haruna Mustapha in a statement yesterday said in gripping circumstances where cash withdrawals above the limits are required, they shall be subject to […]
The House of Representatives has called on the Nigerian National Petroleum Company, NNPC Limited to end the artificial scarcity of petroleum products especially the premium motor spirit, PMS known as petrol in the country within the next one week. Following a motion moved by Saidu Abdulahi, members unanimously adopted the motion and expressed sadness that if the situation continues, the festive period will bring untold hardship to millions of Nigerians […]
The Minister of Works and Housing, Babatunde Fashola says Nigeria needs 1.2trillion Naira for roads and bridges but the government is only able to provide 198.9 billion Naira. The former Governor of Lagos State while appearing to defend the budget of his ministry before the House of Representatives Committee on Works yesterday, lamented the difference between the cost of highways and the envelope budget provided by the government. He stated […]
Reactions have continued to trail the announcement by the Governor of the Central Bank Godwin Emefiele to re-designed naira notes as a measure targeted at controlling currency in circulation as well as curbing counterfeit currency and ransom payment to kidnappers and terrorists. Throwing more light on the rationale for the new government policy, a Professor of Economics and a member of the Central Bank of Nigeria Monetary Mike Obadiah said […]
President Muhammadu Buhari yesterday said he is fully in support of the Central Bank of Nigeria CBN’s move to redesign the naira notes, adding that he is convinced that the nation will gain a lot by doing so. Speaking in a Hausa radio interview Buhari said reasons presented to him by the CBN convinced him that the economy stood to benefit from the reduction in inflation, currency counterfeiting, and the […]
The National Publicity Secretary of the Pan-Niger Delta Forum Pandef, Ken Robinson has said the incidence of oil theft in Nigeria, is not a new development in the country. Robinson, who was featured as a guest on the breakfast political program of Urban Radio, The Parliament asserted that crude oil theft, was not carried out by Niger Deltans, but by highly placed political officials who have the means to conduct […]
