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PBA Reporter

NNPC refinery

Subsidy Hits N1.35tn In Four Months

Subsidy on Premium Motor Spirit, popularly called petrol, between January and March 2022 rose to N675.93bn. This is based on the latest data obtained from the Nigerian National Petroleum Company Limited on Wednesday. The company has informed the Federation Account Allocation Committee
April 28, 2022

FEC Approves Three Contracts To Boost Electricity Supply

The Federal Executive Council (FEC) today, Wednesday, 27, approved three contracts to boost the electricity supply in the country. The council gave the approval during the weekly meeting presided over by President Muhammadu Buhari. Abubakar Aliyu, minister of power, while briefing journalists
April 27, 2022
Accused Billionaire Drug Baron, Afam Ukatu, Loses N20 billion Accounts To Gov’t Agency

NDLEA Nabs Drug Baron Behind N3bn Tramadol Linked To Abba Kyari’s Team

Chief Afam Mallinson Emmanuel Ukatu, the suspected billionaire drug baron behind the N3billion Tramadol, deal allegedly involving the embattled suspended Deputy Commissioner of Police, Abba Kyari-led Intelligence Response Team has been arrested by the National Drug Law Enforcement Agency (NDLEA). The NDLEA
April 25, 2022
Nigeria's public debt

DMO Auctions N225bn FGN Bonds At N1,000 Per Unit

The Debt Management Office has offered three new federal government of Nigeria (FGN) bonds valued at N225 billion for subscription by auction. The agency explained that the bonds are valued at N1,000 with a minimum subscription of N50 million, and in multiples
April 25, 2022
CBN

Nigeria’s Fiscal Deficit Hits N2.23trn In 3 Months

The Central Bank of Nigeria (CBN) has disclosed that the federal government recorded N2.23 trillion fiscal deficit in the fourth quarter (Q4) of 2021. The CBN made this known in its economic report for the fourth quarter of 2021.  Prime Business Africa
April 25, 2022
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