Frontpage

Nigerians are to be more for a litre of petrol as the landing cost of the product has gone up by N6. This is because the Petroleum Products Pricing Regulatory Agency on Tuesday raised the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020. A cross section of petrol marketers […]

The searchlight being beamed on Nigeria’s foreign loans, particularly those granted by China, has put China at unease as it is no longer favourably disposed to granting Nigeria more facilities. Rotimi Amaechi, tranport minister who stated this on a live television programme on Tuesday,  said the probe by the National Assembly had made some Chinese […]

Two federal agencies, the Federal Inland Revenue Service and the Nigeria Postal Service, have descended into the arena  in bare knuckles over which agency has the mandate to collect stamp duty. While the NIPOST said on Twitter that FIRS was trying to snatch the mandate from it, FIRS countered and said it has exclusive mandate […]

Oil prices eased on Tuesday amid concerns that a fresh wave of COVID-19 infections around the world will see a pickup in fuel demand stalling amid tighter lockdowns – just as major producers ramp up output. U.S. West Texas Intermediate (WTI) crude futures eased 4 cents, or 0.1% to $40.97 a barrel at 0655 GMT, […]

Tough times lie ahead for serial bank debtors as there is no a hiding place for them as banks begin to debit their various accounts to settle their debts. The Central Bank of Nigeria had put in place the global standing instruction which allows them to recover outstanding debts of debtors from other banks. The […]

The lingering operational problems of the three refineries owned  by the Nigerian National Petroleum Corporation will continue well into 2023, the NNPC has said. Nigeria’s refineries in Warri, Port Harcourt and Kaduna have been dormant for several years. Mele Kyari, NNPC group managing director, in a television programme  on Sunday in Abuja, spoke about the […]