Category: Local News

Petrol landing cost jumps to N186, oil hits $64

14 ViewsAgainst the backdrop of the rising price of oil prices, the landing cost of Premium Motor Spirit (petrol) imported into Nigeria has increased to N186.33 per litre. The PUNCH had exclusively reported on February...

External reserves down by $565m in two weeks

22 ViewsThe country’s external reserves dipped by $565m from $36.198bn as of February 1, to $35.633bn as of February 15, latest figures from the Central Bank of Nigeria revealed on Wednesday. The reserves which...

Brent hits $64 on oil supply curtailment

23 ViewsBrent oil price jumped further yesterday, spurred by curtailed supplies in the southern United States (U.S.) state of Texas caused by extremely cold weather conditions. International benchmark Brent crude traded at $64.38 per...

FG spends over N50bn on electricity subsidy monthly

26 ViewsThe Federal Government yesterday, disclosed that it spends over N50 billion monthly to subsidise electricity consumption. Minister of Power, Engr. Sale Mamman, stated this while receiving members of the Hausa Guild of Actors...