The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any increase in the pump price of the product. The Group Managing Director, NNPC, Mele Kyari, while delivering a presentation at a conference organised by energy correspondents in Lagos, said the corporation had adequate stock…
The Taliban has banned the use of foreign currencies in Afghanistan, a move that could further disrupt an economy on the brink of collapse. The Taliban said in a statement that the economic situation and national interests in the country require that all Afghans use Afghani currency in their every trade. The economy is struggling due to…
The African Development Bank has blacklisted at least forty companies and individuals in Nigeria. Those affected, whose names were not mentioned, are alleged to committed acts of corruption, including fraud. Information on the website of the AfDB indicates that the affected companies committed the acts between 2017 and 2021. The AfDB said those affected were delisted based…
President Muhammadu Buhari has said that the social crisis being experienced in different parts of the world is because of poverty. President Buhari stated this in his address at the ongoing 5th edition of the Future Investment Initiative Summit in Riyadh Saudi Arabia. He advised world leaders and global investors to make policies that will favour everybody.
President Muhammadu Buhari has unveiled Nigeria’s first ever digital currency – the E-Naira, which is also the first of its kind in Africa. President Buhari performed the ceremony at the Presidential Villa in Abuja alongside Vice President Yemi Osinbajo, and the Governor of the Central Bank of Nigeria, Godwin Emefiele, among other dignitaries. In his remarks, President…
Governors of oil producing states are facing a strong opposition from people of oil and gas bearing and impacted communities in their demands for more funds from oil. This is because of lack of accountability in the management of the thirteen percent derivation fund that is currently being enjoyed by oil bearing states. A traditional ruler of…