Worried by the rising cost of rice and other commodities in the Nigerian market, the Central Bank of Nigeria (CBN) and the Rice Farmers Association of Nigeria (RIFAN) planned to distribute 27,000 metric tonnes of rice paddies.Continue Reading
High Court of the Federal Capital Territory convicted and sentenced the Former Chairman of then-House of Representatives ad-hoc committee on Fuel Subsidy probe, Farouk Lawan, to seven years imprisonment.Continue Reading
President Muhammadu Buhari, approved the composition of the Federal Government's Team to engage with Twitter over the recent suspension of the operations of the microblogging and social networking service in Nigeria. Continue Reading
A Federal High Court in Abuja has ordered the Nigeria National Petroleum Corporation (NNPC) and Mobil Oil Company to pay a sum of N90 billion in damages to Ibeno oil communities of Akwa Ibom State for economic losses suffered from oil spillagesContinue Reading
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel market. At the weekend, the naira retreated to about N498/$ at the black market from 490/$ it sold on Thursday.Continue Reading
Nigerian National Petroleum Corporation (NNPC) through its subsidiary Duke Oil sealed a pact to supply 30,000 barrels per day crude oil supply to Indonesia’s state oil corp, Pertamina, and Indian Oil Corporation.Continue Reading
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