The International Monetary Fund (IMF) says the expansion of eNaira for cross-border transfers and agency banking may boost money-laundering/financing of terrorism. The Bretton Woods institution said this in its recently released staff country report titled ‘Nigeria: 2021 Article IV Consultation’. In October 2021, the Central Bank of Nigeria (CBN) unveiled the country’s first Central […]
The Federal Government says it has not been informed of the hike in air fares effected by airline operators. Domestic airlines have hiked their fares by about 100 per cent, with a one-way economy ticket selling for over N50,000 Speaking with Daily Trust, the Director-General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa […]
Nigerian airlines have increased the cost of economy flight tickets for domestic routes from about N35,000 to a base fare of N50000, TheCable understands. The airlines include Azman Air, Max Air, Ibom Air, Arik Air, Air Peace and Dana Air. In a statement issued last week, the Airline Operators of Nigeria (AON) condemned attacks […]
The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Nigerian Association of Road Transport Owners (NARTO) have shelved their planned strike. The groups had threatened to go on strike over claims of diversion of the N621bn road fund provided by the Nigerian National Petroleum Company […]
THE Federal Government, yesterday, raised hope that the lingering fuel crisis and its attendant queues at filling stations will ultimately disappear next week. Already, the government said that it has taken delivery of 2.1 billion litres for distribution nationwide to normalise the situation. The government disclosed this at a meeting with the House of […]
The Trade Union Congress (TUC), has said that the Federal Government is pushing Nigerians to the wall for allowing the problem of fuel scarcity to linger for days across the country. Daily Trust had reported that commuters and motorists are lamenting as the scarcity of Premium Motor Spirit (PMS) popularly called petrol bites harder. […]
Group Managing Director, GMD of the Nigerian National Petroleum Corporation NNPC, Mr. Mele Kyari has said that distribution of Premium Motor Spirit, PMS, otherwise called petrol will normalize in the weeks ahead. The GMD also said that before the end of the month, about 2.1 billion liters of the product would have been injected […]
The Group Managing Director of the NNPC Limited Mele Kyari has apologised to Nigerians over the importation of toxic fuel, which caused the current scarcity of Premium Motor Spirit (PMS) across major cities in the country. Kyari, who appeared before the House of Representatives Committee on Petroleum Resources Downstream investigating the importation of adulterated […]
The Nigerian National Petroleum Company Ltd (NNPC) says it has over 1 billion litres of safe Premium Motor Spirit (PMS), also known as petrol, in its stock for nationwide distribution. It also said 2.3 billion litres of PMS would arrive in Nigeria between now and the end of the month to restore sufficiency. NNPC […]
The Nigerian National Petroleum Company (NNPC) has directed all its depots and outlets to begin 24 hours operations to address the fuel scarcity across the country. NNPC Group Executive Director (Downstream), Mr Adetunji Adeyemi, announced this on Tuesday in Abuja amid the growing concerns over the scarcity of Premium Motor Spirit (PMS) popularly known […]
