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Senate dares CBN, NIMASA, NLNG over non-defence of MTEF/FSP
The Senate has warned that government agencies whose heads refuse to appear before its Joint Committee on Finance and National Planning risk to defend their proposals in the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy…
FG rules out new projects in 2021 capital budget, to service debt with N3.124 trillion
The federal government says new projects will not be admitted into the capital budget for 2021, warning Ministries, Departments and Agencies (MDAs) to be so guided in their projections.
This came as the Budget Office of the Federation…
Experts lament rising inflation, seek CBN urgent intervention
Irked by the country’s rising inflation rate currently at 12.82 per cent, experts have urged the Central Bank of Nigeria (CBN) to quickly stabilise exchange rate at the parallel market and Bureau De Change by ensuring foreign exchange…
Fuel scarcity looms in Anambra, Enugu as IPMAN moves to shutdown operations Aug 25
Fuel scarcity is looming in Anambra State as members of Independent Petroleum Marketers of Nigeria (IPMAN) have concluded plans to shutdown operations across the state on August 25.
Other states in the zone, including Enugu and…
Nigeria’s inflation hits 12.82% in July says NBS
The National Bureau of Statistics (NBS) says the country’s rate of inflation rose to 12.82 per cent in the month of July 2020, the highest ever recorded for the past 27 months.
Inflation is measured by the country’s Consumer Price Index,…
Oil prices rise as China imports large volumes of U.S. crude
Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent…
How criminals connive with bankers to siphon money from dead persons’ accounts
Members of a criminal gang which connived with bankers to siphon money from the bank accounts of dead persons have been apprehended by the police in Lagos.
The Lagos State Police Command said the gang specialised in the…
FAAN asks passengers not to pay for COVID-19 tests at airports
Federal Airports Authority of Nigeria, (FAAN), has cleared the air on the alarm raised by some passengers on an evacuation flight from the United Kingdom, UK, that airport officials were demanding money from them, including payment for…
Ukwa people protest relocation of Cattle Market to Obehie
Hundreds of Ukwa people have kicked against the proposed relocation of the cattle market at Ogbor Hill, Aba to Obehie, Ukwa West Local Government Area.
They expressed their displeasure at the planned relocation during a protest on the…
Nigerian traders in Ghana cry out over closure of shops by Ghanaian authorities
Nigerian businessmen in Ghana, under the aegis of Nigerian Traders Union in Ghana, have cried out over the closure of their shops by Ghanaian authorities.
The traders are calling for the intervention of the Federal Government.…