THE Central Bank of Nigeria has stopped disbursing funds to farmers under the Anchor Borrowers Programme which started in 2015, but beneficiaries kicked against this on Thursday. Presidents of 68 agricultural commodities’ associations told journalists in Abuja on Thursday that…
THE naira has rebounded by 20.8 per cent to 720/dollar at the parallel market, findings by The PUNCH have shown. The development came two weeks after the local currency came under severe pressure at the black market, following the announcement by…
THE Group Managing Director of NNPC Limited, Mele Kyari has blamed petroleum subsidy for the high rate of smuggling of the products across the border. Mr Kyari, while speaking at a summit organized by the House of Representatives Committee on…
The Ogun State Government, under the leadership of Dapo Abiodun, yesterday, took a major step towards making the state an oil producing one, as a firm, Gasoline Integrated International, expressed its readiness to build a N3b refinery in Tongeji Island,…
THE Association of Bureaux Des Change Operators of Nigeria (ABCON) says Naira has continued to firm against the Dollar at the parallel market as date for CBN new currency introduction draws closer. Alhaji Aminu Gwadabe, President, (ABCON), said this in…
TRAVELLERS on the Abuja and Kaduna route can heave a sigh of relief after the minister of transportation, Mu’azu Sambo, reiterated yesterday that the Abuja-Kaduna train service will resume this November. The resumption of the rail service will no doubt…
THE cost of Premium Motor Spirit, popularly called petrol, has risen to as high as N200/litre at depots, which means that motorists should brace up to buy PMS above N200/litre at filling stations. It was learnt on Monday that PMS…
THE General Overseer of the Redeemed Christian Church Of God, Pastor Enoch Adeboye, has knocked the Federal Government over its decision to redesign the naira. Adeboye said this during the church’s November Holy Ghost Service with the theme, ‘Let It…
THE Federal Government may present a supplementary budget to the National Assembly due to a further depreciation of the naira and galloping inflation that have made the 2023 budget nearly unrealistic. The 2023 budget benchmarks the foreign exchange at N435/dollar…
THE Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of the country. The marketers, in a statement, blamed private depots…
