Browsing: Business

Channels TV ‘apologises’ to NBC for breach of broadcasting code

Channels TV has apologized to the management of the Nigerian Broadcasting Commission NBC for its recent breach of broadcasting code. The broadcasting regulatory body recently sent a letter to the television house, cautioning it for interviewing the spokesperson of the Indigenous People of Biafra IPOB, Emmanuel Powerful. NBC’s Director of Public Affairs, Franca Aiyetan,…

CBN orders banks, forex dealers to accept old, lower dollar notes or face sanctions

The Central Bank of Nigeria (CBN) has ordered commerical banks and authorised foreign exchange (forex) dealers to henceforth accept both old series and lower denominations of the US dollars for deposit from customers. In a circular by the CBN’s Director of Currency Operations Department, Ahmed  Umar, to all deposit money banks (DMBs), Bureau De Change…

Money printing scandal: PDP asks Buhari to sack finance minister, Zainab Ahmed

The People’s Democratic Party has asked President Muhammadu Buhari to sack Minister of Finance, Zainab Ahmed for “attempting to mislead Nigerians” over allegations of the federal government printing N50-60 billion to support states’ allocations in March. Recall that while Zainab Ahmed denied claims of the federal government printing money for states to share,  Governor of the Central Bank…

Stop playing the Ostrich and take urgent steps to end the current monetary rascality – Governor Obaseki reacts to Minister of Finance’s denial of FG printing money

Governor Godwin Obaseki of Edo state has reacted to the federal government’s denial of his earlier claim of printing up to N50-60 billion for state governments to share in the month of March. In a statement shared on his official website, Governor Obaseki said he does not want to join issues with the Federal Ministry…

The price of petrol could have been anywhere between N211 and N234 per litre, N120b is spent on petrol subsidy monthly – NNPC GMD, Mele Kyari

Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has hinted on Premium Motor Spirit also known as Petrol selling between N211 and N234 per litre. Kyari who spoke at the ministerial briefing at the Presidential Villa in Abuja on Thursday March 25, said the NNPC can no longer bear the burden of underpriced sales…

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