New naira: Racketeering booms in Lagos, Abuja, Anambra
The scarcity of the new naira notes took a worse turn on Monday as currency racketeers took advantage of the situation to exploit Nigerians who were desperate to obtain the…
Emefiele shuns Reps, banks ration new notes
The House of Representatives may be on a collision course with the Central Bank of Nigeria over the redesign of naira notes and the January 31 deadline set for the…
Senate resumes after poll, Buhari’s loan request delayed
The Senate on Wednesday failed to consider and pass the N22.7tn Ways and Means restructuring request forwarded to it and the House of Representatives by the President, Major General, Muhammadu…
Petrol may hit N800/litre on subsidy removal – Marketers
As the scarcity of the Premium of Motor Spirit, popularly called petrol, continued on Sunday, oil marketers have stated that the cost of the commodity would cross N800/litre once subsidy…
Rising petrol price hits N300 per litre
The scarcity of Premium Motor Spirit, popularly called petrol, grew worse across the country on Thursday, as massive queues were witnessed in Abuja, Lagos, Port Harcourt, Calabar, Warri, Nasarawa, Minna,…
Emefiele appeals court summons, challenges judge
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has filed his appeal against the ruling of a Federal High Court in Abuja, which compelled him to appear in…
FG owes China, Japan, Germany, two others $4.85bn
The Federal Government of Nigeria borrowed about $3.27bn from five countries between June 30, 2015 and September 30, 2022, according to documents obtained by The PUNCH. Data from the external…
Subsidy: FG borrowing to import fuel, says minister
The Federal Government has said it sometimes borrows funds to buy petrol as the country continues to incur rising fuel subsidy bills. The government also confirmed that there was a…
Scarcity: FG orders NNPC to reduce petrol price
The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, popularly called petrol, at a loss because of its mandate from the Federal Government as regards PMS subsidy, the…
Presidential panels gulp N15bn in five years
About N14.79bn was earmarked for presidential committees supervised by the Office of the Secretary to the Government of the Federation between 2018 and 2022, findings by The PUNCH have shown.…