The Dangote Petroleum Refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters. Nigerians have been eagerly looking forward to the release of…
The Shell Petroleum Development Company of Nigeria Limited said it has completed the supply of 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited. The SPDC said this was in furtherance of the Federal Government’s commitment to…
International Money Transfer Operators and banks in the country have halted the payment of dollars to their customers. Some banks on Friday informed their customers that they would no longer be able to receive dollars from family and friends in…
Mr Adekunle Adewole has resigned as the Managing Director of LivingTrust Mortgage Bank. His resignation was contained in a corporate notice filed with the Nigerian Exchange Limited stating that he voluntarily resigned his position, ahead of the expiration of his…
The Institute of Chartered Accountants of Nigeria has appointed Dr Musibau Olasunkanmi as its new Registrar/Chief Executive. The appointment was announced on Friday following the approval of the Governing Council of the Institute given at its December 15, 2023 meeting.…
The Central Bank of Nigeria and foreign airlines operating in Nigeria have differed over the total amount of unpaid ticket revenue in the country. The CBN on Tuesday said it had ‘concluded the payment of all verified claims’’ by foreign…
The Central Bank of Nigeria says it has released $500m to various sectors in its determination to address the backlog of verified foreign exchange transactions. Its Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, disclosed this in a statement on…
In this interview, the Director-General of the Budget Office of the Federation, Ben Akabueze, discusses the 2024 budget with EDIDIONG IKPOTO, highlighting how low public revenue is affecting the country’s economy For decades, Nigeria has been operating deficit budgets, financing…
The Presidential Committee on Fiscal Policy and Tax Reforms says it is meeting with state governors in order to reach an agreement for states to suspend some low-revenue taxes. The panel said the move would lead to the suspension of…
The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also represents a…
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