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Economy

Transfer of Crude Oil Proceeds To CBN Is the Way To Go – CNPP Tells Tinubu

Conference Of Nigeria Political Parties (CNPP) has described the speculated directive by President Bola Ahmed Tinubu, transferring revenue from crude oil sales to the Central Bank of Nigeria (CBN) as the way to go. Since on Monday, there has been…

Lagos Office: Finally, Date Set For Redeployed 1,500 CBN Staff Resume

No fewer than 1,500 redeployed members of staff of the Central Bank of Nigeria (CBN) will on Friday, February 3, 2024, resume at Lagos office of the apex bank. According to a report by The PUNCH, quoting a CBN source,…

CNPP, CSOs Blame Smear Campaign Against Naval Chief Ogalla On Frustrated Oil Thieves

Conference Of Nigeria Political Parties (CNPP) and over 38 Civil Society Organisations, under the umbrella of the Coalition Of National Civil Society Organisations (CNCSOs) have described online reports linking Nigeria’s Chief of Naval Staff, Rear Admiral Emmanuel Ogalla, to alleged…

45th NEC Meeting: ALGON National President Hon Alabi Shares Insights On How Nigeria Can Become Global Player, Attract FDI

… Insists LGAs/Councils Must Be Fully Carried Along …Thanks President Bola Ahmed Tinubu And National Assembly Worried by years of hemorrhaging struggles for Nigeria’s global relevance and missing links for its burgeoning economic prosperity, the National President of the Association…

Tinubu’s Six Months in Office: President, Kyari’s Combination’ll Stimulate Economic Prosperity, Says Skymark Energy and Power Boss

The Chairman and Chief Executive Officer (CEO) of Skymark Energy and Power, Alhaji Muhammad Saleh Hassan, has said that President Bola Ahmed Tinubu and the Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Corporation (NNPCL), Malam Mele Kyari’s…

Old, New Banknotes Remain Legal Tender — CBN Says, Reassures Of Adequate Naira Notes Supply

The Central Bank of Nigeria (CBN) has reiterated that old and redesigned notes issue by it remains legal tender and must not be rejected by anyone in the country. This was contained in a statement issued by the Director, Corporate…

Unity Bank Records N38.2 Billion Gross Earnings In Q3’23

Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, indicating business growth and customer confidence in the…

Oil Marketers Demand 3-month Emergency Palliatives, Others To Remain in Business

Petroleum industry players led by the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Thursday urged President Bola Ahmed Tinubu led Federal Government of Nigeria to urgently provides emergency palliative measures to oil marketers for the next three…

Senate Confirms Appointment of Cardoso as CBN Gov, Four Deputies

The Senate has confirmed the appointment of Yemi Cardoso as the Central Bank of Nigeria (CBN) governor and four others as deputy governors of the apex bank. They were confirmed Tuesday following a screening by the upper legislative body. The…

SERAP Wants Tinubu To Probe $15bn, N200bn Missing Oil Revenues

The Socio-Economic Rights and Accountability Project (SERAP) has asked President Bola Tinubu to probe the $15bn and N200bn missing oil revenues. In a statement on Sunday, the group’s deputy director, Kolawole Oluwadare, wants Tinubu to “set up a presidential panel…