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No plan to increase petrol pump price – PPPRA

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The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu,  says the Federal Government has no plans to increases the price of  Premium Motor Spirit known as petrol. Read more

Nigeria’s central bank adds fertiliser to list of 41 items not eligible for forex

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The 41 items are rice, cement, margarine, palm kernel/palm oil products/vegetables oils, meat and processed meat products, vegetables and vegetables products, poultry chicken, eggs, turkey, private airplanes/jets, indian incense, tinned fish in sauce (Giesha)/sardines, cold rolled steel sheets, roofing sheets, galvanized and cold rolled steel sheets. Read more

Hiccups in fuel supply as DAPPMA makes real its threat to withdraw services

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There would be hiccups in the supply of fuels in the country as the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMA)yesterday insisted that its members will withdraw their services as planned today and refuted reaching an agreement with the Federal Ministry of Finance on the payment of the N800 billion subsidy arrears. Read more

Petrol: FG moves to avert strike, to pay marketers N236billion subsidy money

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The Federal Government, yesterday, said it would pay oil marketers N236 billion next Friday, being first tranche of the outstanding N348 billion subsidy claims owed members of the Major Oil Marketers Association of Nigeria, MOMAN, and the Depot and Petroleum Products Marketers Association, DAPPMA. Read more

Emefiele: CBN to Commence National MFB to Enhance SME, Agric Credit

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The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee and the Nigerian Postal Service (NIPOST), will set up a Micro Finance Bank (MFB) to enhance financial inclusion and credit to the agricultural sector as well as small and medium scale enterprises (SME). Read more

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