Traders sue NAFDAC, SON for Onitsha drug market closure, allege theft
Four traders at Ogbo Ogwu Bridge Head Market in Onitsha, Anambra State, have dragged the National Agency for Food and Drug Administration and Control, Standards Organisation of Nigeria, the NAFDAC…
Visa-on-Arrival: Interior Minister, PEBEC DG meet, assures policy won’t be scrapped
Contrary to earlier announcement, the Minister of Interior, Dr Olubunmi Tunji-Ojo, has disclosed that the Visa on Arrival policy will not be totally scrapped by the Nigeria government. At a…
N100bn bridging claims: PETROAN urges members to avoid shutdown, seek dialogue
The Petroleum Retailers Outlet Owners Association of Nigeria, PETROAN, has urged its members to refrain from shutting down operations over unpaid bridging claims and instead engage in dialogue with the…
Filling stations shut, loading halted as Lagos impounds tankers
Marketers of petroleum products have expressed concerns that the alleged harassment of tanker drivers by officials of the Lagos State Government could lead to fuel scarcity in a few days,…
Subscribers lament as MultiChoice raises DStv subscription by 21%
Pay-TV operator MultiChoice Nigeria has announced a 21 per cent increase in the subscription fee for its DStv Compact package, raising the price from N15,700 to N19,000, effective March 1,…
Federal Government says 2.06million barrel per day crude oil target in 2025 achievable
Minister of State for Petroleum, Mr Heineken LokpobIri, has said that Nigeria’s target of 2.06 million barrel per day crude oil production in 2025 is achievable. Mr LokpobIri said this…
Central Bank of Nigeria retains 27.5 percent interest rate
The Monetary Policy Committee of the Central Bank of Nigeria has retained the country’s interest rate at 27.50 percent. Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, disclosed…
Federal Government terminates RCC’s Oyo-Ogbomoso road contract
The Federal Government has terminated the 98 kilometers Oyo-Ogbomoso Road contract awarded to RCC Construction Company. The Minister of Works, Engineer Dave Umahi, disclosed this today at the Oyo Federal…
Federal Government confirms daily importation of 25M litres of petrol
Nigeria’s petrol consumption has dropped to 50 million litres per day with local refineries supplying half of the daily requirements. This was disclosed on Wednesday by the the federal government.…
CBN orders bank directors with bad loans to resign
The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to step down immediately. Insider loans refer to loans granted by a bank to its own executives,…