Bitcoin Briefly Loses $10,000 In Nervous Market
The bitcoin dropped sharply overnight, losing $10,000 in value in a nervous market before recouping some of its losses Saturday morning. At one point late Friday, the often volatile cryptocurrency…
Plans Underway To Attract Investors To National Carrier – FG
The Federal Government on Thursday announced that beginning from next week it would start sending out Request for Proposals to investors interested in owning shares in the proposed national carrier.…
Railway Workers Begin Strike, Ground Services
About 11,000 workers of the Nigerian Railway Corporation have commenced a three-day warning strike, grounding operations at all rail stations across the country. The NRC employees under the aegis of…
BREAKING: FG Increases Prices OF Electricity Meters
The Federal Government has raised the cost of both single-phase and three-phase electricity meters beginning from November 15, 2021. It announced this in a circular dated November 11, 2021, issued…
Fuel supply: Please Do Not Panic, NNPC Tells Nigerians
The Nigerian National Petroleum Corporation, NNPC, has advised Nigerians against panic buying of Premium Motor Spirit, more commonly known as petrol. The appeal is contained in a statement signed its…
Cooking Gas Price Jumps By 240%, Marketers Stop Importation
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost of the product increased by 240 per cent for 12.5kg,…
CBN Spends N58.6bn To Print 2.5bn Naira Notes
The Central Bank of Nigeria (CBN) spent the sum of N58.618billion to print 2.518billion Naira notes, valued at N1.063trillion in 2020. This was contained in the bank’s 2020 Currency Report…
FRC To Sanction 14 Banks Violating Loan Conditions To States
The Fiscal Responsibility Commission (FRC) has revealed that it will sanction about 14 banks and financial institutions allegedly granting loans without due process to state governments. According to NAN, Victor…
FG Scraps DPR, PEF, PPPRA For New Agencies
The Federal Government has scrapped the Department of Petroleum Resources (DPR), Petroleum Equalisation Fund Management Board (PEFB), and Petroleum Product Pricing Regulatory Agency (PPPRA). As a result, the government announced…