Saturday, April 19, 2025
Crude prices are seeing a sharp rise today, with WTI trading at $68.52 per barrel, up 1.26 percent, and Brent Crude at $72.27 per barrel, up 0.94 percent. These gains are driven primarily by escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah. This volatility […]
By Bunmi Aduloju On September 23, Aliko Dangote, the founder of Dangote Petroleum Refinery, said petrol is about 40 percent cheaper in Nigeria than in Saudi Arabia. Dangote spoke during an interview with Bloomberg TV. Speaking about the subsidy situation in Nigeria, the billionaire entrepreneur said it is the right […]
Former Speaker of the House of Representatives Yakubu Dogara on Friday said President Bola Tinubu didn’t remove the subsidy on fuel even though he made the announcement. Dogara said there was no provision for fuel subsidy in the budget before Tinubu made the announcement. Featuring on Channels TV, the former Speaker […]
The naira depreciated to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 per dollar is the lowest the naira has depreciated since February […]
A significant drop in the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has sparked anticipation of a potential reduction in the pump price of the commodity. According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost has plummeted to N981 per litre, a […]
Nigerian workers have confirmed receiving Federal Government’s new minimum wage. The spokesperson of Nigeria Labour Congress, Benson Upah and the Deputy President of the Trade Union Congress, Tommy Etim disclosed this in a separate statement on Thursday. Upah and Etim’s comments come as DAILY POST exclusively reported on Thursday that […]
The Nigerian Armed Forces, led by Christopher Musa, the Chief of Defense Staff (CDS), have reintegrated the Republic of Niger into the Multinational Joint Task Force (MNJTF), according to Mohammed Badaru Abubakar, the defense minister. Speaking through Ibrahim Kana, the Permanent Secretary of the Ministry of Defense, at a press […]
Former President Goodluck Jonathan, on Thursday, revisited claims that over $49billion oil money was missing from the government coffers under his watch in 2014, noting that the narrative was not true. Jonathan made the assertion during the launch of a book, ‘Public Policy And Agent Interests: Perspectives From The Emerging […]
… As DP World proposes multibillion-dollar port project in Nigeria The Federal Government, through Vice President Kashim Shettima, has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies. This is coming just as the […]
The Nigerian Senate has passed a bill aimed at establishing the South West Development Commission, News360 Nigeria The commission is designed to tackle environmental, ecological, and other developmental challenges facing the South West region of the country. The initiative seeks to enhance growth and provide solutions to pressing regional issues, driving […]