Ayomide Oyewole

Business Latest News News Nigeria

FG Declined Govs’ Request To Borrow From Cbn — Finance

Controversy over claims by Edo State Governor, Godwin Obaseki, that the Federal Government printed N60 billion to augment March allocation from the federation account, took a different dimension yesterday, as the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, revealed that governors actually wanted to borrow money from the Central Bank of Nigeria, […]Read More

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Refineries Record N5.4bn Deficit, as NNPC lifts $407.15m Crude.

Amidst controversy over the state of the nation’s refineries the latest report of the Nigerian National Petroleum Corporation, NNPC, has indicated that Nigeria’s three refineries guzzled a total of N5.86 billion in overhead expenses on zero output in the month December 2020 alone. This expenditure eventually resulted in operating deficit of N5.37 billion by the […]Read More

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INEC threatens to blacklist political parties

Disturbed by the growing resort to destruction of its property and attack on personnel by partisans, the Independent National Electoral Commission, INEC, has threatened to blacklist political parties whose members or supporters go haywire during their congresses or conventions. INEC said it had watched with utmost dismay and profound concern the recurrent acrimony, violence and […]Read More