Sunday, May 4, 2025
President of Dangote Industries Limited, Alhaji Aliko Dangote, has said he is currently resting after delivering his refinery project. The 650,000-barrel refinery and petrochemicals project worth over $20bn has come to disrupt the oil and gas market in Africa and the world even as the refinery now exports refined products […]
The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments, nine months after it relieved the previous directors from the services of the bank as well as those who retired over a year ago. The CBN in an internal advertisement published in September 2024 sought to […]
THE price of Nigeria’s Bonny Light crude oil fell by 10.6 per cent to $73.53 per barrel from $84.02 per barrel on January 15th, fuelling fears over achievement of the Federal Government’s budget 2025 revenue target. The Budget 2025 is based on a crude oil price benchmark of $75 per […]
The Director of National Agency for Food and Drug Administration and Control NAFDAC, South East Zone, Dr Martins Iluyomade, on Tuesday, narrowly escaped hoodlums attack at the popular Ogbo-Ogwu Bridge Head Market in Onitsha, Anambra State. Tribune Online learnt that Iluyomade was rescued by security operatives from the hands of the […]
The House of Representatives has directed Multichoice, owner of Pay TV options, DStv and GOtv, to halt the implementation of the hike in its subscription rate given the prevailing economic realities. The entertainment company recently announced an upward review of its subscription rate, stating that from March 1, customers on […]
Nigeria secures $50.8 billion investment deals to strengthen global trade The Federal Government has revealed major progress in its economic diversification agenda, securing $50.8 billion in investment commitments through a series of international engagements, including President Bola Tinubu’s recent overseas visits. Jumoke Oduwole, minister of industry, trade, and investment, disclosed […]
FG Approves Satellite Surveillance to Curb Illegal Mining The Federal Executive Council (FEC) has granted approval to the Ministry of Solid Minerals Development for the procurement and installation of satellite surveillance equipment across Nigeria, The Bureau Newspaper has gathered. Reliable sources within the Ministry revealed that the initiative aims to monitor and […]
FG’s agricultural imports policy ‘suicidal’ — Group The Foundation for Peace Professionals (PeacePro) has criticized the Federal Government’s continued importation of subsidized foreign agricultural commodities, warning that the policy is crippling Nigeria’s agro-industry, discouraging investment, and pushing the country toward food insecurity. In a statement by the executive director of the […]
•As SERAP tells Tinubu to direct CBN to suspend fee hike pending court verdict BANKS have commenced implementation of the new Automated Teller Machine (ATM) transaction fee charge on customers following the Central Bank of Nigeria (CBN’s) directive. The News Agency of Nigeria (NAN) correspondent who monitored some banks’ ATM […]
The Naira yesterday depreciated to N1,510 per dollar in the parallel market from N1,505 per dollar last weekend. But the Naira appreciated to N1,499 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira […]