Tuesday, March 18, 2025
Senate passes seventy thousand Naira National Minimum wage bill as requested by President Tinubu. The lawmakers granted expeditious consideration to the bill transmitted tuesday, as it passes first second and third reading Senate also approved the national minimum wage review period from five to three years
The Central Bank of Nigeria (CBN) monetary policy committee has raised interest rate by 50 basis points from 26.25% to 26.75%. The Governor of the CBN, Mr. Olayemi Cardoso announced this at the end of the apex bank’s 296th MPC meeting held in Abuja. The MPC also pegged the Cash […]
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has said Nigeria’s fuel subsidy expenditure might cross N700 billion monthly. The Secretary of IPMAN, Abuja-Suleja, Mohammed Shuaibu disclosed in a statement on Monday. He was reacting to data released last Wednesday by the Major Energies Marketers Association of Nigeria, noting that the landing cost […]
The naira on Monday recorded gains over the dollar across official foreign exchange (FX) markets, following dollar sales to authorised dealers and the Bureau De Change (BDC) operators. At the official market, the naira gained N96.60 as the dollar was quoted at N1,500.32 on Monday, representing 6.44 percent higher than […]
Aliko Dangote, President of the Dangote Group, revealed over the weekend that Dangote Petroleum Refinery has continued to receive repeat orders for its products from all customers who have purchased them since production began. So far, the refinery has exported its products to a few European countries, Singapore, and the […]
The Group Chief Commercial Officer at Dangote Industries Limited, Rabiu Umar has said the Nigerian government neglected Dangote Refinery to export crude oil to Indonesia and import finished products from the same country. Umar disclosed this in an interview with Channels Television on Monday monitored by DAILY POST. He stated […]
The 16th Emir of Kano, Muhammadu Sanusi II, has said that Alhaji Aliko Dangote should not be blamed for buying dollars at lower rates at the time he was building his refinery because that was the actual rate the apex bank was selling to everybody at that time. Sanusi, who […]
Aliko Dangote, chairman of Dangote Industries Limited, has alleged some personnel of Nigerian National Petroleum Company (NNPC) Limited, oil traders and terminals have opened a blending plant in Malta. Dangote spoke at the house of representatives on Monday. An oil blending plant has no refining capability but can be used […]
The embattled Minister of Women Affairs, Uju Kennedy-Ohanenye has said that she was allegedly being victimised by some cabals in government because she refused to sign a $500 million World Bank loan request. On July 10, 2024, a near physical confrontation between Kennedy-Ohanenye, and the House of Representatives Committee on Women […]
Some of Nigeria’s biggest banks recorded a decline in their cost-to-income ratio in the first quarter of 2024, a situation that shows how efficient they were in managing their cost amid rising inflationary pressures. Data compiled by BusinessDay from five tier-one banks’ latest financial statements shows that United Bank for […]