…Says action threatens operational efficiency of NNPC Ltd Presidential Candidate of the Peoples Democratic Party (PDP) in the 2023 General elections and former Vice President, Atiku Abubakar, has condemned the recent directive for Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales from Nigerian National Petroleum Company (NNPC) Limited. In…
BY BUSOLA ARO Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), has praised the decision to transfer revenue of the Nigerian National Petroleum Company (NNPC) Limited to the apex bank. Moghalu’s comment followed the announcement by Olayemi Cardoso, governor of CBN, that NNPC and the ministry of finance have agreed to…
By Sami Tunji The Federal Government, through the Ministry of Solid Minerals Development, has approved about 499 licences for the buying and selling of solid minerals in Nigeria in 2023. This development was revealed by the Minister of Solid Minerals Development, Dele Alake, during his address as the keynote speaker at the Business Day Solid…
SaharaReporters earlier reported that the Arewa Consultative Forum (ACF) kicked against the relocation, describing it as a deliberate plot against the Northern region. The dethroned emir of Kano and former Central Bank of Nigeria’s Governor, Muhammadu Sanusi has defended the relocation of some departments of the apex bank from Abuja to Lagos by the current…
A few days after the Central Bank of Nigeria, CBN, announced plans to permanently relocate some key departments from Abuja Headquarters to Lagos, the Federal Airport Authority of Nigeria, FAAN, will be following suit. According to an internal memo dated January 15, 2024, and signed by the managing director and chief executive of FAA, Olubunmi…
Muhammadu Buhari, the former President of Nigeria, has explained the reason behind his decision not to sack Godwin Emefiele, the former Governor of the Central Bank of Nigeria, despite widespread speculations about Emefiele’s potential presidential candidacy in 2023. Buhari said that Emefiele never discussed it with him.This revelation and others were made public in a…
…State Assembly Says Selection Process Transparent NG-CARES is a program designed to mitigate the negative impact of the COVID-19 pandemic on the livelihoods of poor individuals, farmers, vulnerable households, communities, and owners of micro and small enterprises in Nigeria. The program is subdivided into result area 1, 2 and 3. The result area 1 focuses…
The long-awaited credit support seeks to ameliorate the acute FX shortage in the country which has constrained economic activities and doused investors’ confidence.Also earlier in December, President Bola Tinubu had assured Nigerians of the commitment of his administration to resolve the FX backlogs through the injection of funds into the market A statement by Afreximbank…
The approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is responsible for the regulation of midstream and downstream petroleum operations in Nigeria. The refined products are currently stored in the refinery’s storage tanks while awaiting approval. In a statement, the company stated: “We have started the production of diesel…
When one read the statement from the so-called Coalition of South East Youth Leaders, COSEYL, demanding Prof. Chukwuma Soludo, the governor of Anambra State, to step down due to his purported incapacity to address security concerns in the state, one was taken aback. The call was ostensibly in response to Thursday night’s vicious attack in…
