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…
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…
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…
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,…
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…
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…
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,…
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…