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PBA Reporter

Bitcoin

Below $33,000, Bitcoin Hits Lowest Price In 10 Months

Bitcoin, the world’s largest crypto by market cap, on Monday dropped below $33,000 for the first time in 10 months.  The volatile asset had last recorded its lowest price in July 2021. The digital currency recently fell as low as $38,000 from
May 10, 2022
fuel

Anxiety As Petrol Marketers Alert To Worst Scarcity

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has alerted Nigerians to prepare for the worst fuel crisis. The petrol marketers association urged the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority to pay its members their
May 10, 2022
CBN Orders Nigerian Banks To Lift Restriction On Accounts Of Crypto, Other Firms

FG’s Debt Servicing Hits $101m – CBN Reports

The monthly debt service, according to figures obtained from the Central Bank of Nigeria (CBN), rose by $31.46m in one month to $101.29m in January. Prime Business Africa can report that the date indicated a 45 per cent increase month-on-month. The CBN,
May 10, 2022
Fuel Queues

Why Fuel Queues Resurfaced In Abuja – NNPC

The Nigerian National Petroleum Corporation (NNPC) has attributed the sudden appearance of fuel queues in parts of Abuja to low loadouts and increased purchases that characterise post-holiday periods. Prime Business Africa had reported that most filling stations in Abuja and neighbouring
May 9, 2022
IMF

IMF Says Rising Crude Oil prices Will Worsen Inflation

The International Monetary Fund (IMF) has disclosed that rising oil prices may lead to high inflation and slow growth across the world. The IMF explained that the rising oil prices may echo the 1970s when geopolitical tensions caused fossil fuel prices to
May 7, 2022
World Bank To Invest $750 million In Nigeria’s Rural Electrification Project

We Haven’t Approved New Electricity Tariff – NERC

The Chairman, Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, has said the agency has not approved tariff rate review in the power sector in recent times. Garba who made this known in Abuja on Friday said the last tariff review was
May 7, 2022
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