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..Says sector is deregulated ...We are not at our full market price of petrol yet — NNPC VP ...ACCI warns of looming economic crises …As Atiku calls for enhanced support for private sector, commends Dangote Refinery By Seun Ibiyemi The Federal Government through the Minister of State (Oil) Petroleum Resources, Sen. Heineken Lokpobiri has said ...
By Esther Agbo At the 9th edition of the Zenith Bank International Trade Seminar, held on September 4, 2024, industry leaders and government officials united in a powerful call to awaken Nigeria’s non-oil export potential. Under the theme, “Nigerian Non-Oil Export Industry: Awakening the Giant,” the seminar emphasized the urgent need for economic diversification, highlighting ...
Lagos State has signed a Memorandum of Understanding (MoU) with a Chinese company to deploy solar power systems across key educational institutions, aiming to generate 50 megawatts (MW) of solar power. The agreement was unveiled by Governor Babajide Sanwo-Olu during the Africa-China Cooperation Summit (#FOCAC2024) in Beijing, with President Bola Tinubu present. The initiative, which ...
By Sodiq Adelakun Lagos State Governor Babajide Sanwo-Olu has extended the work-from-home policy for state government workers by three months, citing positive impacts on productivity. Sanwo-Olu approved the extension of the work-from-home policy for state government workers by three months. This decision, aimed at reducing the effects of fuel subsidy removal on workers, was made ...
Vice President Kashim Shettima officially inaugurated a comprehensive $115 million upgrade project at the West Africa Container Terminal (WACT) in Onne, Rivers State, on Wednesday. This monumental investment underscores APM Terminals’ unwavering commitment to Nigeria’s economic growth and solidifies its position as a key trade hub in West Africa. With this significant upgrade, APM Terminals ...
...As NEITI decries Port Harcourt Refinery delay By Seun Ibiyemi Stakeholders have expressed concerns over the possible impacts of the hike in Premium Motor spirit (PMS) on the Nigerian economy, potentially reversing the recent ease in inflation. This is even as they berated the Nigerian National Petroleum Company Ltd. (NNPC Ltd) over delay in getting ...
The Labour Party has been plunged into further crisis as the Julius Abure-led faction disowned the newly appointed caretaker chairman, Nenadi Usman. This development comes after a Court of Appeal judgement affirming Abure as national chairman, sparking controversy within the party. The Abure-led faction described Nenadi Usman’s appointment as “illegal and unconstitutional.” In a statement ...
...NLC, NECA, motorists accuse FG of betrayal, reneging on promises ...No directive was issued to increase petrol price — Minister ...Stakeholders applaud Dangote, as refinery rolls out PMS ...New PMS pump price will push more Nigerians into poverty — Expert By Our Reporters The recent announcement by NNPC Ltd of a dramatic increase in the ...
The Nigeria Police Force has thrown down the gauntlet, challenging wanted British national, Andrew Wynne, to come out of hiding and surrender to the authorities. This comes after Wynne claimed he was unaware of being declared wanted. Force spokesperson, Muyiwa Adejobi, on Tuesday said Wynne had been contacted multiple times and refused to show up, ...
In a decisive push against the escalating banditry crisis in the North-West, Defence Minister Dr. Muhammad Bello Matawalle has urged the Nigerian Army’s 8th Division to intensify efforts in eradicating bandits and terrorists from the region. During his visit to the division’s headquarters in Sokoto State on Tuesday, Matawalle emphasised the critical need to “flush ...
Chinese President Xi Jinping, on Tuesday in Beijing, China has highlighted the importance of strengthened relations between Nigeria and China. The Chinese President who received Nigeria’s President, Bola Ahmed Tinubu on a official visit preceding the Nigerian President and ECOWAS Chairman participation in the 2024 Summit of the Forum on China-Africa Cooperation, scheduled to hold ...
No fewer than 6575 people benefitted from an eyecare outreach held in Bariga Local Council Development Area (LCDA) of Lagos State, August 26—30, as part of the Vision First Plus programme of the Nigerian National Petroleum Company Limited (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo). Beneficiaries from within and outside the LCDA received ...
The Ogun State Government has lambasted Abisoye Osodi, a self-acclaimed political activist, over his against the Governor, Prince Dapo Abiodun. In a statement released by the Governor’s Special Adviser on Media and Strategy, Hon. Kayode Akinmade, the government described Osodi as a “corrupt individual” and a “professional blackmailer” who is being used by desperate politicians ...
…Accuses FG of framing detainees with false charges, human rights abuse …As Police declare Briton wanted for planning to topple Tinubu’s regime The British National, Drew Povey, accused of inciting insurrection against the Tinubu-led government has asked the Nigerian government not to treat protests as treason. Povey, whom the Nigerian government said also bears the ...
In a landmark lawsuit, the Socio-Economic Rights and Accountability Project (SERAP) has taken the Senate President, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to court over their failure to end the “unlawful” practice of fixing the National Assembly’s allowances and running costs. The lawsuit, filed at the Federal High Court ...
...As Nigerians criticise FG ...Independent marketers sell at N950/litre ...NNPC lacks funds needed to rebuild nation’s ageing pipelines — Minister By our correspondents The Nigerian National oil company, NNPC Ltd has opened up on a $6 billion debt owed fuel suppliers. There had been reports in various news mediums revealing that the company’s debt owed ...
By Seun Ibiyemi Fidelity Bank Plc, a leading financial institution in Nigeria and Mastercard have collaborated to launch Fidelity Send, a new initiative to enhance cross-border payments and remittances in Nigeria. The collaboration leverages Mastercard’s extensive global network to facilitate near-real-time and cost-effective outbound transactions, driving financial inclusion in the country. The new solution utilises ...
…Flags off construction of 33KV feeder line 11 yrs abandoned project By Ismail Azeez, Osogbo Osun State Governor, Ademola Adeleke, on Thursday flagged off the construction of the 33KV Feeder Line to improve electricity supply in four local governments in the state. Speaking at the flag-off held at the Ilesa West local Government Secretariant, he ...
…Issues one-month moratorium for traders to desist from act Traders fixing prices to exploit consumers have been identified as agents frustrating the economic stability of Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) has stated. In June 2024, food inflation, which accounts for the bulk of Nigeria’s inflation basket, surged to a record high ...
...Insists on Southern candidate for 2027 ...Hunger, hardship our principal concern not 2027 politics – Atiku’s camp fires back By Sodiq Adelakun As the 2027 presidential election is drawing closer, a storm is brewing within the Peoples Democratic Party (PDP). A former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode Georg has ...
Foreign education cost Nigeria $28.65 billion from 2010 to 2020, with personal transport allowances totaling $58.7 billion, according to a report from the Office of the Deputy Speaker, House of Representatives, citing the Central Bank of Nigeria. In a statement, the Office highlighted that “redirecting a portion of the funds to ventures within the country ...
The Central Bank of Nigeria (CBN) plans to reissue Nigerian Treasury Bills (NTBs) worth N2.2 trillion in the fourth quarter of 2024, according to the newly released 2024 Issue Calendar obtained by Nigerian NewsDirect. This re-issuance is part of the government’s strategy to manage liquidity, sustain the financial market, and ensure economic stability. The calendar ...
By Sodiq Adelakun The Federal Government and the Academic Staff Union of Universities (ASUU) have agreed to reconvene their discussions on September 6, 2024, following a meeting on Wednesday that both parties described as productive. The meeting aimed to address unresolved issues and prevent a potential strike in Nigeria’s public universities. Minister of Education, Prof. ...
