Sunday, March 16, 2025
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 […]
The Chinese government says it will partner with Nigeria in the fight against money laundering and terrorism financing. A joint statement issued by both countries said the agreement aimed at supporting Nigeria’s efforts to safeguard the stability of its financial and foreign exchange markets and crack down on financial crimes. The agreement […]
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 […]
Nigerian National Petroleum Corporation has reportedly suspended the sale of Premium Motor Spirit – popularly called petrol – to independent marketers after it hiked the product’s price on Tuesday. This is even as three vessels berthed at the Apapa, Lagos jetty on Wednesday to discharge imported petrol. The price hike […]
Aliko Dangote, chairman of Dangote Industries Limited, says the price of petrol from his refinery will be determined by the federal executive council (FEC). Dangote spoke on Tuesday after a press conference in Lagos. The billionaire’s response follows the official announcement of the commencement of petrol production. “On pricing, it […]
Nigeria has become the third largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, marking a significant increase in the country’s borrowing from the institution. This development has reflected a substantial shift in Nigeria’s financial landscape under the administration of President Bola Tinubu. According […]
Billionaire businessman and Chairman of Geregu Power PLC, Mr. Femi Otedola, has hailed his friend and President of the Dangote Group, Alhaji Aliko Dangote, for rolling out petroleum product from his refinery. Otedola said by building the 650,000 barrel per day refinery, Dangote has liberated Nigeria from the chain of […]