Nigerian economy
Responding to calls from oil marketers, Dangote Petroleum Refinery has announced a reduction in the price of Automotive Gas Oil (diesel) from N1,200/litre to N1,000/litre. This move has sparked excitement among operators in the downstream oil sector. Tony Chiejina, the spokesperson for Dangote refinery, disclosed this development in a statement issued on Tuesday. He emphasized […]
In a significant legal development, the former Central Bank Governor, Godwin Emefiele, has been granted bail amounting to N50 million after facing charges comprising 26 counts related to alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion, respectively. The bail ruling was delivered by Justice Rahmon Oshodi on Friday, following a […]
In a candid interview aired on Channels Television, Ajuri Ngelale, Special Adviser to President Bola Tinubu on Media and Publicity, shed light on significant discrepancies within the Central Bank of Nigeria (CBN) during Godwin Emefiele’s tenure, revealing that many approvals for fund releases lacked the signature of former President Muhammadu Buhari. Ngelale emphasized the need […]
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