Oil marketers suspend the shut down on all loading operations today

The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its earlier directive to commence shutdown of depots across the country and stop loading petroleum products effective from midnight of Sunday. The directive to suspend the action was conveyed in…

SUSPEND CARD MAINTENANCE FEE, SENATE TELLS CBN

The Nigerian Senate has passed a resolution calling on the Central Bank of Nigeria to suspend the ATM card maintenance charges being deducted from customers’ accounts per month. They also called on commercial banks to configure their machines to dispense…

British PM, Theresa May arrives Nigeria

…As the UK signs bilateral trade development agreement with Nigeria   Britain’s Theresa May landed in Nigeria’s capital on Wednesday on the second leg of her maiden Africa tour aimed at drumming up post-Brexit trade deals outside the European Union.…

CBN recovers ‘illegal’ N60bn USSD charges from commercial banks

The Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department. CBN director of Payment Systems Department, Dipo…

Oil remains essential for Nigeria’s economic growth, says Baru

Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), said oil revenue remained vital for building the nation’s economy. Baru said this while speaking on investment in the Oil and Gas Industry at the ongoing 7th OPEC International…

Alcohol, Tobacco Prices Set To Increase As New Excise Duty Takes Effect

Prices of alcoholic beverages and tobacco are set to be increased as new excise duty rates for alcoholic beverages and tobacco takes effect from Monday, 4th June 2018. In a statement from minister of finance, Kemi Adeosun’s office on Sunday,…

Only The Blinds Will Not Attest To The Blossom Economy Under Buhari- Presidency Fires At Critics

Only The Blinds Will Not Attest To The Blossom Economy Under Buhari- Presidency Fires At Critics     BY AYOMIDE JAYEOBA The Presidency on Thursday stated that the country’s economy since it came out of recession last year has been…