Nigeria: Ways and Means – IMF Urges CBN to Stop Full Financing of Govt’s Fiscal Deficits/in /by
[This Day] The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to go beyond recent increases in the policy rate to implement additional actions, including fully sterilising the apex bank's financing of fiscal deficits under its Ways and Means window as well as phasing out other credit intervention programmes.
Nigeria: Govt Blames Profiteers for Hike in Fuel Price/in /by
[This Day] The federal government yesterday formally reacted to the increase in the price of petroleum products across the country and heaped the blame on the rush by petroleum marketers to make illicit profits from the hardship of Nigerians.
Nigeria: Fuel Smuggling Won’t Stop Until Nigeria Deals With Arbitrage – Kyari/in /by
[This Day] Group Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mallam Mele Kyari, on Tuesday maintained that the massive smuggling of petrol outside Nigeria's shores would not stop until the government dealt with the current arbitrage situation.