Daily Archives: February 9, 2021

How Bayelsa lost OML 46, by Sylva

FG gas expansion to lift 100m out of poverty —Minister

The Minister of State for Petroleum Resources, Timipre Sylva, said the Federal Government revoked the licence for the Atala marginal oilfield (OML 46) because it was dormant in the hands of the Bayelsa State Government for 17 years. Sylva, a ...

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Customs intercept N788.18m smuggled rice, PMS from Seme border

Customs intercept N788.18m smuggled rice, PMS from Seme border

The Nigeria Customs Service, Seme Command made 1,294 seizures with a duty paid value of N788.19m in the year 2020, the agency said on Monday. According to a statement signed by the spokesman of the command, Hussaini Abdullahi, some of ...

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CBN sticks to unpopular option on digital currency

CBN sticks to unpopular option on digital currency

• Banks disable platforms, track accounts • Investors offload assets • ‘Stay ahead of innovation, don’t stifle it’ • Moghalu knocks CBN over ‘knee-jerk’ approach • Directive good for anti-money laundering war, says Gwadabe Exchanges and investors in cryptocurrencies have ...

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2.85 million farmers benefitted from anchor borrowers programme – CBN

2.85 million farmers benefitted from anchor borrowers programme – CBN

About 2.85 million farmers benefitted from the Anchor Borrowers Programme from the inception of the scheme to the end of 2020. According to figures obtained from the Central Bank of Nigeria on Monday, N554.63bn had been disbursed, of which N61.02bn ...

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