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Ex-IMF chief Rato gets four-year jail term in Spain for tax crimes Nexovant
Rato headed the IMF from 2004 to 2007. Photo: OSCAR DEL POZO / AFPSource: AFP A Madrid court sentenced ex-IMF chief and Spanish economy minister Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption, it said Friday. The sentence comes after the disgraced former heavyweight of Spain’s conservative […]
FG pledges to address CNG Infrastructure deficit in Nigeria Nexovant
The Federal Government of Nigeria, through the National Automotive Design and Development Council (NADDC), has vowed to address the infrastructure gap hindering the widespread use of Compressed Natural Gas (CNG) among Nigerians. The pledge was made by the Director-General of the NADDC, Mr Joseph Osanipin, during the council’s end-of-year media briefing on Friday in Abuja. […]
“N899/litre”: Filling stations unmoved by Dangote petrol price crash Nexovant
Filling stations and marketers have revealed why they still sell petrol at the old rate of N1,025 per litre despite Dangote petrol price slash They disclosed that they were still selling old stock in the stations before the announcement by Dangote The Lekki-based mega refinery slashed petrol price from N970 to N899 per litre to […]
‘$25k weekly’: CBN’s makes move to crash dollar, allows BDCs buy FX from NAFEM Nexovant
The Central Bank of Nigeria is determined to stabilise the value of the naira in the foreign exchange markets Its latest move involves allowing Bureau de Change (BDC) operators to participate in the official exchange market In a chat with Legit.ng, Aminu Gwadabe, the President of ABCON, explained the importance of BDCs in stabilizing the […]
Marketers react after Dangote announces new petrol price Nexovant
The Petroleum Products Retail Outlets Owners Association of Nigeria has praised the management of the Dangote Refinery This is coming after the refinery announced a price slash to N899.50K per litre from the initial price of N970 it earlier sold PETROAN President said Dangote Refinery’s price reduction will alleviate the suffering of Nigerians and reduce […]
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