The Chairman of Famfa Oil Limited, Modupe Folorunsho Alakija has pledged N1 Billion Naira to help the Federal Government tackle COVID-19 in the country. ? A statement signed by the management of Famfa Oil and issued on Sunday, March 29,…
Category: Features
Covid-19 – NAFDAC orders production of Chloroquine for possible treatment of Coronavirus
The Director-General of National Agency for Food and Drug Administration and Control (NAFDAC),Prof. Mojisola Adeyeye has Ordered an immediate production of Chloroquine for Possible Clinical Trial Treatment of Coronavirus. The Managing Director gave the order in a statement released on…
Coronavirus : Germany to evacuate citizens from Nigeria
The German Mission in Nigeria is planning to evacuate interested nationals from Nigeria , The insidesources magazine reports . This is not unconnected to the exploding cases of COVID -19 in the country which hit 111 on Sunday, March 29…
NNPC pipeline in Lagos leak
The Nigerian National Petroleum Corporation pipeline along Ojukwu Street , Navy Town axis of Satellite Town in Lagos is leaking . This was confirmed on Thursday by the Director -General , Lagos State Emergency Management Agency , Mr Olufemi Oke…
NNPC spent N218.18bn on ailing refineries in 2019
Nigeria ’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N 218 .18 bn in 2019 . The refineries, namely Kaduna Refining and Petrochemical Company , Port Harcourt Refining Company and Warri Refining…
COVID-19: Massive economic crises loom, says CBN
• Total lending rises to N 2.35 tn. The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the outbreak of the coronavirus pandemic would lead to massive economic crisis capable of throwing many countries into recession…
BREAKING: Again, CBN retains benchmark lending rate at 13.5%
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate at 13 . 5 per cent . The CBN Governor , Mr Godwin Emefiele, announced the decision of the Committee at the end…
Nigeria consumed N2.64tn petrol in 13 months, says NNPC
The Nigerian National Petroleum Corporation said on Sunday that it sold a total of 21.51 billion litres of petrol worth N2.64tn from December 2018 to December 2019. The NNPC said the sale of white products from December 2018 to December…
Nigeria bleeds when Russia, Saudi brawl
For countries whose economies depend on one commodity, there is never a good time for a steep fall in its price. But there can be worse times. And that’s the case for Nigeria and the plummeting oil prices. To begin…
Access Bank Owed Intercontinental bank N14. 2bn-Witness
An official of the Nigeria Deposit Insurance Corporation, Mr Paul Akali, told the Federal High Court in Lagos on Friday that Access Bank owed the now-defunct Intercontinental Bank N14.2bn as of the time it went under. Akali, a member of…