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 […]

BudgIT Nigeria has revealed that lawmakers reportedly inserted N80 million into the 2024 budget of the National Space Research Development Agency for ‘Pregnancy Sensitization’. BudgIT disclosed this in a new viral video released on its official X handle on Thursday. This is why the Civic group accused the Nigerian National […]

PMS Prices are Determined by Free Market Forces—NNPC Ltd The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that foreign exchange (forex) illiquidity has been a significant factor influencing the fluctuation in prices of Premium Motor Spirit (PMS), which are governed by unrestricted free market forces, as provided for […]

The Nigerian National Petroleum Company Limited (NNPCL) says it has supplied 30 million barrels of crude to the Dangote refinery so far. The Executive Vice President of NNPCL Downstream, Adedapo Segun, who disclosed thi[/b]s on Thursday on Arise Television, said plans were underway to supply an additional 17 million barrels to the […]

The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM market on Wednesday, August 4, 2024. This marks the lowest exchange rate since March 8, 2024, when it was recorded at N1627.4/$1. According to the FMDQ data for the NAFEM […]

China has agreed to continue to support Nigeria’s infrastructural development in sectors such as transportation, ports and free trade zones, for the West African country to achieve integrated development and connectivity. This pledge was made as President Bola Tinubu disclosed that Africa holds vast opportunities for investments, growth, and development […]