Says FG wastes over N10 trillion on Subsidy Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that over N10 trillion was spent on fuel subsidy between 2006 and 2020 without a significant impact on the masses. Also, the subsidy regime was affected by marketers who were smuggling the subsidized […]
The Central Bank of Nigeria (CBN) is investigating the bank accounts of 16 companies in the country suspected of violating foreign exchange regulations, New Telegraph learnt yesterday. A list of the affected companies sighted by this newspaper last night shows that a lot of them are Indian and foreign owned firms. They include organisations such […]
Following President Muhammadu Buhari’s request, Presidents of West African countries have reiterated their commitment to ensure that a Nigerian former minister for finance, Dr Ngozi Okonjo-Iweala clinches the position of Director-General of the World Trade Organization. They also urged Africa to unite behind her candidacy as the continent’s best option in the hotly contested race. […]
……..DPR warns IPMAN against exploitation The Nigerian National Petroleum Corporation (NNPC) says 78 companies will bid for the rehabilitation of oil pipelines and depot infrastructure across the country. The News Agency of Nigeria (NAN) recalls that over 300 companies applied through the official portal published in the national dailies on Aug. 7 and only 78 […]
Ngozi Okonjo-Iweala has been named among the five candidates that will proceed to the next stage in the race for the position of the director-general of the World Trade Organisation. In a statement on Friday, the WTO said member countries showed a preference for five out of the eight candidates who expressed interest in the […]
The Federal Government has apologised for asking all account holders in the country’ s financial institutions to register their details again . The PUNCH reports that the FG earlier asked all account holders in banks, including insurance companies, to fill and submit a Self -Confirmation form. The order was given despite the possession of the […]
Apple said Tuesday it is putting TV, music, news and more in a subscription bundle as it increases its push into services tied to its iPhone “ecosystem.” An Apple One bundle to be available later this year will start at $15 monthly and include a freshly launched fitness service tied to Apple Watch. The Silicon […]
The nation ’ s inflation rate has recorded its biggest increase so far this year , rising to 13. 22 per cent in August, the National Bureau of Statistics said on Tuesday. The 13. 22 per cent inflation rate is the highest since April 2018, the NBS data showed . The NBS, in its latest […]
The Nigerian Stock Exchange (NSE) opened trading on Monday with a marginal growth of 0.05 per cent following buying interest in Dangote Cement and 16 other equities. Speficially, the NSE All-Share Index grew by 13.64 points or 0.05 per cent to close at 25,605.59 from 25,591.95 recorded on Friday. Also, the market capitalisation which opened […]
………Finance minister contradicts Presidency, says food prices rising The Minister of Finance , Budget and National Planning, Zainab Ahmed, says Nigeria ’ s revenue has dropped by about 65 per cent . She said this necessitated the decision of the President Muhammadu Buhari to discontinue the payment of petrol subsidy . Ahmed said this on […]
