IN order to alleviate the sufferings being faced by Nigerian during scarcity of petroleum products in the country, the Federal Government has admonished Nigerians to embrace the use of Condensed Natural Gas (CNG) for their vehicles.

Following the current crisis rocking the Nigeria financial sector, the Central Bank of Nigeria (CBN) has concluded plans to meet with stockbrokers and investors in the Nigerian capital market, next week, to brief them of the latest development in the banking sector and seek suggestions on ways to move the sector out of its current predicament.

THE British government disclosed Monday that its export to Nigeria stood at £1.3 billion in 2008 short of what it sold to South Africa, just as the volume of trade it had with Nigeria increased significantly by 30 per cent in 2008 and 23 per cent in the first five months of 2009.

The Central Bank of Nigeria (CBN) says it has injected a total of N105.57 billion into the economy.The injection was done last week through payments made to investors on 30, 90 and 182 days tenor bills.The CBN said in a statement on Monday in Lagos that it had paid N25 billion to investors through the sale of treasury bills on 91-day and 182-day tenor bills.

OPEC ministers meeting in Vienna this week were expected to keep supply targets intact and instead rely on hoped-for economic growth to sustain oil prices. The oil market rose towards $69 a barrel on Monday after Group of 20 finance leaders said at a weekend meeting they would not end stimulus plans until recovery was well established.