Fuel subsidy as corruption authorisation
The ‘battle’ has now shifted to fuel subsidy removal without any provocative statement from the government in recent times
Tag: CBN
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Oil theft affecting govt finances, naira stability —Mike Obadan
The Central Bank of Nigeria disclosed this in a report by a member of the Monetary Policy Committee, Prof. Mike Obadan, who dealt with the topic ‘Is derugulation the solution to the forex / exchange rate problem?’
DisCos to begin installation of free four million prepaid meters soon —Power Minister
Nigerian Minister of Power, Engineer Sale Mamman says electricity distribution companies will soon begin the installation of four million free prepaid metres across the country.
Court orders CBN to pay Ogoni community N182.7bn over Shell’s oil spillage
The Federal High Court in Abuja has ordered the Central Bank of Nigeria to pay a judgment sum and interest of N182.7bn to Ogoni community from the account of First Bank of Nigeria. FBN manages the account of Shell Petroleum Development Company which the court compelled to pay the sum for causing damage to the…