Petrol subsidy hits N2.43 billion daily

A subsidiary of the Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC) has taken over the task of determining the daily consumption and subsidy on petroleum products in Nigeria. Guardian reports that new role for PPMC followed statistics … read more

MTN Resolves Nigeria Dispute

Nigeria’s central bank has confirmed that an agreement has been reached with MTN over allegations that the South African company illegally repatriated $8.1 billion. MTN says it has agreed to pay $53 million to the bank but didn’t provide further … read more