CBN to Nigerians: Handle Naira with dignity
KANO — The Central Bank of Nigeria, CBN, has urged Nigerians, particularly traders, to handle the naira with care, pride and dignity to prolong the lifespan of banknotes and reduce the cost of replacing soiled and mutilated currency. The Director, Currency Operations and Branch Management, Dr Adedeji Adetona, gave the advice on Monday during a […]
First Watch: The missing oil money
THE Justice Irikefe Tribunal was put in place in 1980 following on reports during 1979 that an amount of N2.8 billion was missing from crude oil sales for the period 1976 to 1979. This amount was at that time the equivalent of about one year’s sale of crude oil by the Nigerian National Petroleum Corporation, NNPC.
NEITI clarifies alleged NNPC unremitted $22.8bn
THE Nigerian Extractive Industries Transparency Initiative, NEITI, has recanted its earlier position that it uncovered $22.8 billion unremitted oil revenue by the Nigerian National Petroleum Corporation, NNPC.
Benin Power Company plans N45bn investments
The Benin Electricity Distribution Company (BEDC) said to overcome the power challenges in the areas covered by it, over N45 billion would be required in order to improve the network and increase meter availability.
FG permits DISCOs to disconnect indebted agencies
THE Nigerian Electricity Regulatory Commission, NERC, has granted distribution companies, DISCOs, the liberty to disconnect government agencies which failed to pay their bills.
Dead banks and living deposit (2)
If you are a depositor in any of the 48 banks that collapsed between 1994 and 2006, and you have not collected your money, you can still recover some or all your money. You can recover the part of your money covered by the insurance provided by Nigeria Deposit Insurance Corporation (NDIC).
