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The Dangote Petroleum Refinery and Petrochemicals is exploring the possibility of a crude deal and cement production in Caribbean countries. This was disclosed when the Prime Minister of Grenada, Dickon Mitchell who is also the chairman of the Caribbean Community (CARICOM or CC) — a political and economic union of 15 member states and five ...
By Matthew Denis, Abuja As part of efforts by the Federal Government of Nigeria to cushion the effects of inflation on businesses and its citizenry, the Government is set to implement the executive order granting zero Value-Added Tax (VAT) and excise duties on pharmaceutical products and medical devices. The Director of Information and Public Relations ...
Polaris Bank says it will sponsor free breast cancer screening for 250 Nigerian women, in commemoration of the 2024 October Breast Cancer Awareness Month. The Group Head of Brand Management and Corporate Communications of the bank, Rasheed Bolarinwa, announced this during an interview with the News Agency of Nigeria on Wednesday in Lagos. He said ...
The Chief Executive Officer (CEO), Seplat energy Plc, Mr. Roger Brown has opined that Africa has the capacity to solve its own problems by leveraging its abundant gas reserves. Speaking during the ongoing Africa Oil Week (AOW) Conference and Exhibition in Cape Town, South Africa, the Seplat Energy CEO, whilst delivering the independent Keynote during ...
The Ogun State Government has commenced reconstruction and renovation works on the MKO Abiola International Stadium and the Alake Sports Centre, Ijeja, Abeokuta, ahead of the National Sports Festival (NSF), tagged ‘2024 Gateway Games. Speaking after inspecting the two facilities, the Commissioner for Sports Development, Hon. Wasiu Isiaka, assured that the renovation works would be ...
...Economy not ripe for full deregulation — CCPE ...Increase will further deepen poverty, jobs lost — NLC By Seun Ibiyemi Following the further increase in the petrol pump price by the Nigerian National Petroleum Company Limited (NNPCL), stakeholders have decried the increase, describing it as “ill-timed and insensitive” to Nigeria’s prevailing economic challenges. This is ...
Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani has responded to critics on the rationale behind his ministry’s effort in Artificial intelligence and talent development. Speaking on Wednesday at Moonshot by TechCabal, Tijani explained that the Ministry is intensifying efforts to bolster Nigeria’s AI industry because of its ability to make the country ...
By Matthew Denis, Abuja President Ahmed Tinubu has disclosed that the reforms of the government includes higher revenue allocation to the three tiers of government, blocking leakages, among others. He stated this during his opening remark at the 54th Annual Accountants Conference held in Abuja on Tuesday. The President who was represented by the Minister ...
...Says Fubara invited anarchy to Rivers by disobeying court order ...As Rivers gets new CP amidst unrest ...Fubara vows to punish perpetrators Former governor of Rivers State and Minister of Federal Capital Territory, Barr. Nyesom Wike has declared that peace will reign in Rivers state only when the Governor obeys the rule of law and ...
Starlink, the satellite internet service owned by Elon Musk’s SpaceX may face possible regulatory sanctions such as a financial penalty for increasing its internet service tariff without obtaining regulatory approval. Section 108 and 111 of the Nigeria Communication Act, 2003 mandates all licensees to obtain regulatory approval before they make changes to their tariff plans. ...
The Chartered Institute of Bankers of Nigeria (CIBN) has appealed to Bank customers to refrain from spreading mistrust, noting that it can hinder the growth of the banking sector in Nigeria. The CIBN appeal comes amidst social media outcry on banking services that have been experiencing glitches for some weeks now. In a statement issued ...
…Says Dangote Refinery built with zero incentives from FG Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote has stated improved domestic refining capacity will save the country $17bn in petrol imports. Dangote represented by Group Executive Director of Dangote Industries Ltd, Engr. Mansur Ahmed, made this assertion during his keynote address at a ...
...Calls for urgent judicial reforms to combat corruption in Nigeria ...As CJN Kekere-Ekun harps on collaboration between judiciary, anti-graft agencies President Bola Tinubu has expressed grave concerns over the challenges posed by frivolous appeals and technicalities in the judicial process, warning that these issues could jeopardise Nigeria’s ongoing battle against corruption. Speaking on Monday at ...
Last Friday, the Nigeria LNG Limited (NLNG) hosted a momentous celebration honouring journalists and media houses for their significant contributions over the past two decades. The event, aptly themed “Celebrating the Voices of Impact,” was an inspiring gathering filled with surprises and joy, leaving many attendees in awe of the organisation’s dedication to acknowledging their ...
By Barth Ndubuwah, Port Harcourt Barely a few hours after the Police High Command ordered the unsealing of the 23 local government areas of Rivers State, following the successful conduct of the local government election, it was gathered that some council headquarters were torched by suspected arsonists, believed to be sponsored by aggrieved politicians. Notable ...
…As Lagos Rewards Eko Flavours Champion, others with N10m Lagos State Government has reiterated the Babajide Sanwo-Olu’s administration commitment to food security in the State, as well as empowering the creative youths to showcase Lagos projects to the global map. The State Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, spoke during the final ...
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that the shortened contracting cycle for projects in the oil industry to six months is fostering increased investments. Recall that President Tinubu issued three Presidential Directives which became effective from February 28, 2024. The orders which include: Oil and Gas Companies (Tax Incentives, Exemption, Remission, ...
By Sodiq Adelakun The Academic Staff Union of Universities (ASUU) has reported the tragic loss of 84 lecturers between May and August 2024, attributing these deaths to economic hardships exacerbated by the government’s continued withholding of salaries. ASUU President, Prof. Emmanuel Osodeke, disclosed this alarming statistic during an appearance on Channels Television’s “Inside Sources.” He ...
…It is a cooked-up result, election did not hold – APC …You have rejected godfatherism, political oppression – Atiku hails residents The political landscape in Rivers State took a dramatic turn yesterday as Governor Siminalayi Fubara swore in 23 new local government chairmen, amidst a heated feud with Minister of Federal Capital Territory, Nyesom Wike. ...
By Omobolaji Adekunle The Minister of Marine and Blue Economy, Adegboyega Oyetola, will officiate the foundation-laying ceremony for a new Inland Dry Port in Ogun State on Friday. The port, strategically located at Dry Port City in Soderu Village along the Papalanto-Ewekoro axis, is part of the state’s initiative to drive economic growth and industrialisation. ...
…Calls for accountability, enforcement of S’Court ruling on LG funding …Threatens legal action if requests are ignored within seven days By Sodiq Adelakun The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to direct the Minister of Finance, Olawale Edun, to immediately withhold federal allocations from states that have failed to ...
The Governor of the Central Bank of Nigeria (CBN) Mr Olayemi Cardoso, has defended the decision of the apex bank to float the naira since he assumed office in the past one year. While addressing members of the Harvard Club of Nigeria in Lagos at the weekend on the topic: “Leadership in Challenging Times: Restoring ...
Chief Executive Officer of Pinnacle Oil and Gas Limited, Robert Dickerman has stated that fiscal prudence will aid in reducing the cost of fuel in the country. Dickerman identified fiscal prudence amongst others as factors that will reduce the nation’s Petroleum price woes and not the Dangote Refinery. According to Dickerman, the root cause of ...
