Energy

We didn’t employ consultant says IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday denied  the engagement of a consultant to collect money at loading depots and highways. Its President, Alhaji Debo Ahmed, issued the rejoinder in Abuja. He noted that the statement has placed security agencies to be on the alert to avert any resultant crisis and scarcity of product. The statement reads: “The attention…
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Agriculture

Ministry denies spending N18.9b on bush clearing

The Federal Ministry of Agriculture and Rural Development has refuted claims that it spent N18.9billion on bush clearing during the COVID-19 lockdown in 2020. The ministry in a statement by its Director of Information, Dr. Joel O. Oruche, noted that the statement, which…
Banking

States get N472bn World Bank-assisted fund

The Federal Government, on Wednesday, revealed that states had received N471.9bn of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability Programme for Results. The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this at the launch of the States Charter to sustain fiscal transparency, accountability and sustainability reforms at…
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Banking

Mobile transactions rise by N8.9tn in three years

Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022. They have risen from N289.12bn to N9.27tn, according to data from the Nigeria Interbank Settlement System. This is as the value of cheque…
Economy

Nigerians complain about high rate of cooking gas

The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months, This follows an increase from N2200 in August 2021 to N4500 in August 2022, indicating a 105 per cent increase over the period. The exponential increase in the price of cooking gas also follows a similar trend with other deregulated petroleum…
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Economy

Nigeria’s debt profile to World Bank rises by $660m

The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022, the This is according to data from both the Debt Management Office and the financial statements of the World Bank. According to data from the DMO, Nigeria debt to the…
Technology

NCC Alerts on New Cyber Threat, Canvasses Stronger Security Measures

Emma   Okonji The Nigerian Communications Commission (NCC) at the weekend alerted corporate organisations about a new malicious cyber threat named Yanluowang Ransomware, which could cause devastative damage on institutional record… The commission therefore urged organisations to adopt stronger cybersecurity measures like ensuring their employees use strong, unique passwords for every…
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