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National Assembly Queries DPR’s N30b Recurrent Expenditure

The Senate and House of Representatives Committees on Petroleum Upstream, Downstream and Gas Development yesterday queried the N30b recurrent expenditures of the parastatals under the Ministry of Petroleum Resources. Of particular…

Sanusi Assures Of Interest Rate Stability

Monetary Policy Rate (MPR), otherwise known as benchmark interest rates will not be raised when the Monetary Policy Committee (MPC) meets for the first time this year as a result…

Senate Adopts $75 As New Crude Benchmark For 2012 Budget

The Senate yesterday confirmed an upward review of the crude oil benchmark from $70 to $75 per litre for the purpose of the 2012 budget as requested by President Goodluck…

Ekwesili, World Bank VP For Africa To Resign Post

The Vice President for Africa Region at the World Bank, Ms Obiageli Ezekwesili, would be leaving that post in May this year, according to the World Bank President, Bob Zoellick,…

Subsidy Removal Protest Should Not Override National Security – NERC Boss

Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has called on Nigerians not to allow the nationwide protest against the removal of fuel subsidy override national security. Amadi…

NCC Begins Audit Of Fixed Wireless Spectrum Licences

The Nigerian Communications Commission (NCC) has begun an audit of Fixed Wireless Access (FWA) spectrum which was licenced in May 2002 and issued to  indigenous companies to provide wireless internet…

Fuel Subsidy Removal: Airlines Record Passenger Boost

As the country wakes up to the removal of fuel subsidy, indigenous airlines are still enjoying a boost in their operations due to increased passenger traffic following the holiday period. However,…

CBN Sells N64.6bn Treasury Bills

Central Bank of Nigeria (CBN) has sold N64.56 billion worth of 91-day and 182-day treasury bills yesterday, the bank said in a statement. The statement said that the instruments were sold…

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