Spokesman of the Nigeria Labour Congress, NLC, Benson Upah, has warned that Nigerians could eventually buy petrol for N5,000 per litre. Upah stated this while reacting to the recent hike in fuel pump price in an interview with Weekend Trust. He also insisted that the increase is contrary to the […]

The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the Nigerian National Petroleum Company Limited to be the sole buyer of its product. The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel […]

SERAP said, “Suspected perpetrators of alleged corruption and mismanagement in the NNPC should face prosecution as appropriate, if there is sufficient admissible evidence, and any proceeds of corruption should be fully recovered.” The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good […]

The Naira raced to N2,000 per dollar at the black market on Saturday despite the Central Bank of Nigeria’s sale of dollars to the Bureau De Change operators. A BDC operator, Dayyabu Ashiru confirmed to DAILY POST that Naira was exchanged for N1,670 per dollar on Saturday from the N1665 […]

Following the recent increase in the pump price of petrol and the prevailing food supply challenges gripping the country, economists have warned that the number of Nigerians below the poverty line may soon exceed the 104 million  projected by the World Bank in 2023. The global bank had said the poverty […]

Many Nigerians invested hopes in the Dangote Refinery and thought it would bring stability to Nigeria’s chaotic petroleum industry. But on the cusp of its coming on stream, it began to be dogged by regulatory and other kinds of puzzling troubles from the Bola Ahmed Tinubu administration. Why is a refinery […]

The Special Adviser to President Bola Tinubu on Media and Publicity, Ajuri Ngelale, has stepped down from his role with immediate effect. In a statement issued by the Presidency on Saturday, Ngelale said he had submitted a memo to the Chief of Staff to the President, Femi Gbajabiamila, informing him of […]

Advantages Of Dangote White Fuel Why petrol from my refinery looks clearer — Dangote The President of Dangote Group, Aliko Dangote, has explained why the first sample of Premium Motor Spirit, commonly known as petrol, from his refinery appears clearer than the petrol currently in circulation. Speaking during a broadcast at […]

NNPC Ltd Not the Sole Offtaker; Market Open to Lower Prices from Any Domestic Refinery The attention of the NNPC Ltd has been drawn to a press release by the Muslim Rights Concern, MURIC, which claims that the Dangote Refinery Limited (DRL) is being undermined by actions of the Nigerian […]

President Bola Tinubu has described the $280 billion Economic Trade Partnership growth between Africa and China as exponential. Speaking on Thursday in Beijing, at the Forum on China-Africa Cooperation (FOCAC), Tinubu underscored the value of the trade volume between Africa and China, saying it shows deep economic relationship and expanded […]