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Senate Confidently Approves Buhari's N22.7tn Ways and Means Loan Request

May 5,2023. The House of Representatives, yesterday, approved the request by President Muhammadu Buhari to restructure the N22.7 trillion Ways and Means advances the Central Bank of Nigeria (CBN) extended to the federal government.The Ways and Means provision allows the government to borrow from the apex bank if it needs short-term or emergency finance to | ....

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Petrol scarcity worsens as more FCT stations run out of stock


Petrol scarcity worsens as more FCT stations run out of stock
On
By Obas Esiedesa
DESPITE assurances by the Nigerian National Petroleum Corporation, NNPC that it has enough petrol in stock and that the ex-depot price will not increase in the month of March, more filling stations in Abuja shut their gates with long queues at the few stations that were opened.
The queues which began appearing over the weekend as motorists prepared for petrol price increase this week, worsened on Monday with motorists waiting for hours before they could purchase the product.
Most filling stations monitored in the FCT had long queues with most selling at N167 although NNPC stations continued selling at N162 per litre. ....

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