Business

Human rights lawyer, Femi Falana, on Sunday faulted the recent endorsement of the naira redesign by President Muhammadu Buhari, saying the policy may be declared illegal in court. The Central Bank of Nigeria (CBN) on October 26 said it will redesign the N200, N500, and N1,000 notes to take control …

Funmilayo Ojo I Ibadan As the scarcity of Premium Motor Spirit (PMS) bite harder across the country, the State Commandant of Nigeria Security and Civil Defence Corps (NSCDC) Oyo State Command, CC Adaralewa Michael has warned the Petroleum marketers to avoid selling the product into kegs. According to a release …

The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been learnt. Oil marketers, who made the disclosure on Sunday, also gave other reasons for the continued scarcity of petrol, which had …

PRESIDENT Muhammadu Buhari yesterday inaugurated the new Naira banknotes, expressing delight that the redesigned currencies were locally produced by the Nigerian Security Printing and Minting, NSPM Plc. Speaking at the inauguration of the new banknotes, which preceded the Federal Executive Council, FEC, meeting in Abuja yesterday, Buhari explained in detail …