According to a Bloomberg report, the Dangote Petroleum Refinery is scaling back its importation of crude oil from the United States and increasing its use of Nigerian crude. For the third quarter, the refinery plans to source over 80% of…
By Matthew Denis The Taraba state Governor, Dr. Agbu Kefas is set to host an esteemed gathering of PDP governors in Jalingo, Taraba State on Thursday. This highly anticipated event will bring together key leaders of the People’s Democratic Party…
The Minister of Power, Mr Adebayo Adelabu, on Wednesday in Abuja inaugurated the Power Sector Communication Team (PSCT) for effective communication and better service delivery. The committee comprises heads of agencies under the power sector. Adelabu said that the initiative…
Omobolaji Adekunle The Ogun State government has earmarked a N500m soft loan scheme for artisans and traders across the state. The governor, who announced this at the 2024 International Community Day and World Trade Day celebration held at the M.K.O.…
By Dennis Udoma The Niger Delta Ex-agitators Forum has called for solidarity among southern political leaders to advocate for justice, equity, and an end to the marginalisation of southerners in governance. At a press conference in the South-South region on…
Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Edo to the State Electricity Regulatory Commission (ESERC). This is contained in a document posted on the commission’s website, a copy of which was obtained by…
By Adeyanju Esther One Oluwatimilehin Olorunfunmi, a 30-year-old businessman, faced charges of assault and threats to life in an Okitipupa Chief Magistrates’ Court on Wednesday. The defendant, whose address was not provided, is charged with three counts: misdemeanour, assault, and…
The naira on Wednesday fell to a new low of 1,610 against the dollar following dollar scarcity on the parallel market, popularly called black market. Traders in some areas of Lagos buy dollars from individuals at the rate of N1,600…
By Esther Agbo In a turn of events, the Federal Government of Nigeria successfully raised N374.751 billion through its August 2024 bond auction, as investor appetite showed a notable shift toward longer-tenor securities. The auction, managed by the Debt Management…
The ‘kidnapping industry’ in Northern Nigeria has evolved from a localised problem into a nationwide crisis, with its reach extending into the Southern states. What began as a regional issue has transformed into a sophisticated network of bandits that threatens…
