There are indications that the Federal Government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidy on petrol. Though still shrouded in secrecy, the funding strategy, Vanguard learnt, is consummated by way of crude sales and direct cost recovery by NNPC. An executive of a major petroleum marketing company in Lagos…
A Seventh Prosecution Witness, PW7, in the trial of a former governor of Central Bank of Nigeria, CBN, Godwin Emefiele on Monday, March 11, 2024 told Justice Hamza Muazu of the Federal Capital Territory, FCT, High Court, Abuja, how Emefiele allegedly signed and approved award and payments of contracts to April 1616 Investment Limited and…
In recognition of International Women’s Day, Finance and Business Online Publisher (FiBOP) extends its warmest wishes to women worldwide, celebrating their unwavering strength, tenacity, resilience, courage, bravery, and excellence. Today, on March 8th, 2024, we join the global community in commemorating the achievements and contributions of women in all facets of life. From boardrooms…
John Ofikhenua, Ibrahim Apekhade Yusuf and Jill Okeke – March 3, 2024. •Ministry accuses companies of deliberately not taking up supply from TCN •Arbitrary billings, unauthorised disconnections, customer abuse complaints on the rise – FCCPC •Our problem is inadequate supply of gas – EKEDC •Adelabu summons AEDC, IBEDC, TCN over deteriorating power output. Some electricity distribution companies (DisCos)…
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigerian governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike. The suit is “over their failure to account for the alleged missing N40 trillion federal allocations meant for local governments in the states and the FCT”. The suit followed…
There was pandemonium on Thursday, February 22, 2024, as soldiers opened fire when suspected hoodlums hijacked trailers loaded with foodstuff in the Suleja area of Niger State. A witness, Alhassan Abdullahi, told the Daily Trust that many trailers coming from Abuja and heading for Kaduna were blocked by the hoodlums who burnt tyres on…
The Nigerian Customs Service (NCS) has disclosed that its operatives will distribute all confiscated food products nationwide. This was stated in a release issued on Tuesday, by CSC Abdullahi Maiwada, spokesperson for the Nigerian Customs Service (NCS). The statement said the decision was taken to alleviate the current hardships faced by Nigerians and to solve…
Some lecturers in various universities in Nigeria under the aegis of the Academic Staff Union of Universities (ASUU) have started receiving part of their eight-month salaries withheld by the government over the industrial action they embarked upon in 2022. A lecturer from Usmanu Danfodiyo University, Sokoto confirmed this to SaharaReporters on Monday. He said some…
A photo of late Access Holdings CEO, Herbert Wigwe, his wife, Chizoba and son Chizzy, have been shared online. All three died after their helicopter crashed in California, U.S. on Friday night, February 9, while on their way to Las Vegas to watch the Super Bowl 58. Read initial story here. US officials had said…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? ADVERTISEMENT See the black market Dollar to Naira exchange rate for 6th February, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black…
