Wednesday, May 7, 2025
PRESS RELEASE NNPC Ltd is not owing $6.8bn The attention of the Nigerian National Petroleum Company Limited (NNPC Limited ) has been drawn to a media report that the company is indebted to international oil traders to the tune of $6.8bn and that it has not remitted revenues to the […]
Senegal successfully launches first satellite Senegal’s first satellite has been successfully launched into orbit, President Bassirou Diomaye Faye said. He added that the move marked a major step towards the West African country’s “technological sovereignty”. The GAINDESAT-1A satellite was launched at 6: 56 p.m., Friday from the Vandenberg base in […]
SaharaReporters learnt that the aircraft touched down at Nnamdi Azikiwe International Airport on Sunday evening, after departing from EuroAirport Basel-Mulhouse-Freiburg in France at 4:16 pm and landing in Abuja at 8:29 pm. President Bola Tinubu will embark on a trip to France on Monday, August 19, departing from Abuja, the nation’s […]
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 […]