Monday, March 17, 2025
The Nigerian National Petroleum Company Limited has vowed to end the queues for Premium Motor Spirit, popularly called petrol, by Wednesday, as the black market for PMS boomed on Sunday. NNPC also declared that it did not owe international oil traders $6.8bn as claimed in some quarters, a development which […]
The report which is based on a forecast from NNPC, obtained by the newspaper, indicated that the total petrol subsidy expenses from August 2023 to December 2024 will amount to N6.884 trillion, leaving the company unable to remit N3.987 trillion in taxes and royalties to the federation account. Despite many […]
Air Peace: We’ll respond to Nigeria’s threat to bar our carriers soon –UK govt •No airport slot allocation in Nigeria-UK BASA, findings show On August 1, 2024, Nigeria’s Aviation Minister, Festus Keyamo, issued a bold ultimatum to the United Kingdom government, setting the stage for a potential standoff between the […]
The report that the Nigerian National Petroleum Company Limited (NNPCL) has set an open-ended time that the Port Harcourt Refining Company Limited will produce refined petroleum for local consumption has dampened the excitement among Nigerians that this year the scarcity of petrol would end. The report countered the hope that, […]
The federal government, through the Debt Management Office (DMO), will be auctioning Series 1 of its first ever domestic dollar bond worth $500 million today while the National Bureau of Statistics sets to release the foreign capital importation report for Q2. Monday, August 19, 2024: DMO to auction N190 billion […]
This was confirmed by the authorities on Friday which also shares a picture of the engineers taken in front of the facility. A team of 23 Russian engineers, the original builders of the Ajaokuta Steel Company, has arrived in Ajaokuta in Kogi State, to conduct a technical audit of the […]
1. Aliko Dangote — Dangote refinery As of August 11, 2024, Aliko Dangote, Africa’s richest person with a net worth of $12.56 billion, is advancing in various sectors. His Dangote Refinery, inaugurated on May 22, 2023, in Lekki, Nigeria, is set to be the largest single-train refinery globally, processing 650,000 […]
An appeal court in the United States (US) has authorised Zhongshan Fucheng Industrial Investment Co. Ltd. to enforce the $70 million arbitration award against Nigeria. In a 2-1 verdict delivered on August 9, the majority ruling affirmed the judgment of the US district court for the district of Columbia that […]
The Association of Master Bakers and Caterers of Nigeria in Lagos State has lamented the incessant increase in flour prices in the country. The association made this known during a protest held in the state on Wednesday. Addressing newsmen during the protest, the association’s chairman, Chief Ayoola Mathew, said despite the recent approval […]
The Federal Government has commenced the free conversion of petrol and diesel-powered commercial vehicles to compressed natural gas in a bid to cut the cost of transportation nationwide. It started the exercise in Abuja and Lagos, urging commercial transport owners to key into the scheme by bringing their vehicles to […]