Finance articles

MPR, Oil Marketers Set June 13 To End Fuel Scarcity

MPR, Oil Marketers Set June 13 To End Fuel Scarcity

The Ministry of Petroleum Resources and oil marketers have resolved to end the current queues at petrol stations in most parts of the country by June 13. At the end of a meeting with the oil marketers in Abuja, the Permanent Secretary in the ministry, Mr Taiye Haruna, said that the Pipelines And Product Marketing

SON siezes fake baby diaper worth over N200m from 3 Chinese

The Standard Organisation of Nigeria (SON) on Wednesday intercepted 10 containers of suspected fake baby diapers worth over N200million allegedly imported by hree Chinese nationals. The siezures took place at Railway Terminus, Ijora Olopa, Lagos. Mr Bede Obayi, the Director of Inspectorate and Compliance Department of the organisation, told newsmen in Lagos on Wednesday that

CBN adjusts FX rate peg to 196.95 per dollar

Nigeria’s central bank adjusted its exchange rate peg to 196.95 naira against the dollar from the 197 it set in February after the currency’s value was eroded by the fall in oil prices, data on its website showed on Thursday…

Oil Blocks Sale: Diezani, Others Have Case To Answer

The House of Representatives yesterday rejected a move to clear the immediate past minister of petroleum resources, Mrs Diezani Allison-Madueke, and others of any wrondoing in the allocation of seven Oil Mining Leases (OMLs). The attempt to exonerate Allison-Madueke by an Ad hoc Committee of the House was sequel to investigation into alleged shady deals