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Tuesday, March 20, 2018


NaijaFab Business News

Kaduna Refinery shutdown over zero supply of Crude Oil

The Kaduna Refining and Petrochemical Company (KRPC) has stop production following renewed activities of Niger Delta militants. Our Correspondent gathered that the Kaduna refinery stopped...

Prof. Osinbajo explains hike in fuel price

Vice President Yemi Osinbajo released a statement yesterday explaining the rationale for the new fuel pricing and supply framework introduced by the Federal Government...

Power supply set to get worse as militants bomb Chevron facility

Fears that power supply may get worse were rife yesterday after Wednesday’s bombing of a Chevron Nigeria Limited (CNL) major valve platform around Escravos...

Guardian Nigeria Lauches an ‘Online TV’ platform

Guardian TV will provide exclusive video interviews, as well as up-to-the-minute videos from across the world, and will be available on virtually any...

Kachikwu: Fuel importation will stop by 2019

Federal Government said to Nigerians that importation of Premium Motor Spirit (PMS) will stop by 2019 and Nigeria will become a net exporter of...

Fuel scarcity: Oil marketers stop importation due to $1b debt

The fuel scarcity experience may last longer as marketers have stopped importation due to a $1 billion debt. Speaking with newsmen yesterday, the Executive Secretary,...

CBN Governor: China to start importing from Nigeria

The CBN Governor, Godwin Emefiele, said the Federal Government is talking with China to start importing some of its own items from Nigeria. According to...

Buhari: FG borrows N600billion monthly to survive

President Muhammadu Buhari disclosed that the Federal Government borrows an average of N600 billion monthly to augment what it gets from the Federation Account...

China gives Nigeria $6b loan to fund projects

“It is a credit that is on the table as soon as we identify the projects,” Onyeama said, adding: “It won’t need an agreement...

Subsidy on petrol increases to N9.09/litre

The amount the Federal Government is subsidizing Premium Motor Spirit (PMS), also known as petrol, rose, yesterday, to N9.09 per litre, according to the...

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