There are indications that the federal government through the Nigerian National Petroleum Company Limited (NNPC Ltd) is now spending N17.72 billion daily to fund subsidy on petrol. Though still shrouded in secrecy, the funding strategy, it was learnt, is consummated by way of crude sales and direct cost recovery by NNPC, reports Vanguard. An e...
•Market women As the Muslim holy month of Ramadan starts, traders in Kano have continued to lament poor patronage by customers. Some of the traders who spoke to our correspondent yesterday in Kano attributed the situation to the low purchasing power of customers, reports NAN. A food stuff dealer, Malam Tanko Idris, said that, compared [&hellip...
•Dollars The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin Emefiele, stopped the sales of foreign exchange to BDC operators in that segment of the [&hellip...
•Governor Dapo Abiodun In a bid to cushion the effect of the rise in the prices of goods in the country, the Ogun State Government has purchased 100 truckloads of rice to be sold at cheaper rates to residents of the state. The state governor, Prince Dapo Abiodun, stated this yesterday while speaking at a […]