PBA Reporter

FG Announces Plan To Establish 18 Modular Refineries In Oil-Producing States

The federal government has said it was working to establish three modular refineries in each of the oil producing states, particularly in the Niger Delta region. The government explained that the objective was to halt the illegal artisanal refining aaivities going on

January 20, 2022

More Woes For Nigerians As Cooking Gas Price Rises By 70%

Oil & Gas

Cooking Gas Demand Rises Over NLNG’s 100% Domestic Supply

A follow-up report convened by Prime Business Africa on the recent decision of the Nigeria Liquefied Natural Gas company to channel all its LPG into the domestic market showed that there is a surge in the demand for Liquefied Petroleum Gas, popularly

January 20, 2022

Oil & Gas

Lawan Clarifies Buhari’s Decision On Petrol Subsidy Removal

The Senate President, Ahmad Lawan, disclosed that President Muhammadu Buhari has not asked any official in his regime to implement the removal of petroleum subsidy. Lawan said this to State House correspondents on Tuesday after a meeting with the President at the

January 19, 2022

News

Court Asks Buhari’s Govt To Pay Nnamdi Kanu N1bn, Gives Reason

Federal Government might pay a sum of N1 billion to the leader of the Indigenous People of Biafra, Nnamdi Kanu, and issue a letter of apology to him. Prime Business Africa can confirm that the High Court in Abia State has ordered

January 19, 2022

Business·News

Buhari Assures Of Reduction In Food Prices

President Muhammadu Buhari has assured Nigerians of reduction in prices of food production in the country. President Buhari said more than 4.8 million smallholder farmers had been supported by Anchor Borrowers’ Programme, with increase in production of 23 agricultural commodities including maize,

January 19, 2022

News

Justice Nyako To DSS: I Don’t Want To See Kanu In These Clothes Again

Justice Binta Nyako of the Federal High Court sitting in Abuja, on Tuesday declared that she does not want to see Nnamdi Kanu on same clothes again. The judge, however, charged the Department of State Services (DSS) to allow Kanu to have

January 18, 2022

News

Court Adjourns Nnamdi Kanu’s Trial Amidst IPOB Leader’s Complaints

A Federal High Court sitting in Abuja has adjourned further proceedings in the case against the detained leader of the Indigenous People of Biafra, Nnamdi Kanu, till Wednesday. Today, Tuesday’s adjournment followed Kanu’s complaints that the Federal Government failed to promptly serve

January 18, 2022

Business

Nigeria’s Debt Stock Hits N39.6tn In 11 Months

Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, the accounting to Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed. Ahmed, in her presentation of the 2022 approved budget, disclosed that the government

January 17, 2022

Oil & Gas

Diesel Jumps To N350/Litre, Increases By 56% In One Year

Emerging reports have claimed that the price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling stations in Lagos. Recall, on October 7, 2021 that fuel marketers had increased diesel price to N320

January 14, 2022

CBN Owes Goldman Sachs, JP Morgan $7.5bn, Releases Financials Amid Probe

Business

Nigerian Economy Contracted In November – CBN

The manufacturing and non-manufacturing Purchasing Manager’s Indices for November 2021, according to CBN, remained below the 50 index points at 47.3 and 47.5 index points. The Deputy Governor, Financial Systems Stability Directorate, CBN, Aishah Ahmad, who is also a member of the

January 14, 2022

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PBA Reporter

FG Announces Plan To Establish 18 Modular Refineries In Oil-Producing States

Cooking Gas Demand Rises Over NLNG’s 100% Domestic Supply

Lawan Clarifies Buhari’s Decision On Petrol Subsidy Removal

Court Asks Buhari’s Govt To Pay Nnamdi Kanu N1bn, Gives Reason

Buhari Assures Of Reduction In Food Prices

Justice Nyako To DSS: I Don’t Want To See Kanu In These Clothes Again

Court Adjourns Nnamdi Kanu’s Trial Amidst IPOB Leader’s Complaints

Nigeria’s Debt Stock Hits N39.6tn In 11 Months

Diesel Jumps To N350/Litre, Increases By 56% In One Year

Nigerian Economy Contracted In November – CBN

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