— There are indications that the Federal Government will abandon its price modulation policy this week and embrace deregulation in order to allow private marketers resume importation and sell at profitable margins.

petroleumAlready, the petroleum downstream sector seems to be going through another round of fuel supply challenges as queues are beginning to build up at filling stations while many marketers have resorted to rationing products. (The Guardian)

— The Central Bank of Nigeria is independently investigating banks to ascertain their level of involvement in frauds and money laundering, the bank’s acting director of Corporate Communications, Isaac Okorafor, said Monday. (Daily Trust)

— Rampaging militant group, Niger-Delta Avengers (NDA) on Monday said it had concluded plans to attack installations in Lagos, Abuja, Port Harcourt and Calabar. (Vanguard) Enditem

Source: Xinhua


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